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  Exchange Bank Statement Savings

Exchange Bank Statement Savings

in Savings Accounts from Exchange Bank of Louisiana · fdic

Unaffiliated

Exchange Bank Statement Savings

Unaffiliated

in Savings Accounts from Exchange Bank of Louisiana · Member FDIC

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Highlights
Monthly Fee $3
APY (Annual Percentage Yield) N/A
APY Minimum Balance N/A

Exchange Bank Statement Savings Review

Exchange Bank Statement Savings is offered by Exchange Bank of Louisiana, a bank founded in 1892 and based in Natchitoches, LA. Exchange Bank Statement Savings is available in 1 state across the USA.

Key Takeaways
  • Charges a monthly fee. This account charges a monthly service fee of $3, but the fee is waived if you keep a minimum balance of $200.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Bill pay. Pay your bills to practically anyone in the United States through Exchange Bank of Louisiana.
Exchange Bank savings account Pros & Cons
Pros Cons
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not earn interest.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in one state.
  • Monthly service charge.
Exchange Bank savings account FAQ

Are savings accounts from Exchange Bank of Louisiana federally insured?

Yes, your Exchange Bank of Louisiana savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #10528). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Exchange Bank of Louisiana offer a signup bonus?

Exchange Bank savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Exchange Bank savings account?

The minimum deposit to open a Exchange Bank savings account is $100.
Exchange Bank Statement Savings Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $200
Minimum Opening Deposit Starting at $100

What APY does Exchange Bank of Louisiana offer?

Exchange Bank savings account is not an interest-bearing account.

What fees does Exchange Bank savings account charge?

This account charges a monthly service fee of $3. However, you can waive the monthly fees if you have a minimum daily balance of $200.

What features and perks does Exchange Bank savings account offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - Exchange Bank savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Exchange Bank savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to Exchange Bank savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Exchange Bank savings account?

The customer support email for Exchange Bank savings account is loans@exchange-bank.com.

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Availability

  Available in 1 state
Georgia
Availabile in all of Georgia

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $200
Minimum Opening Deposit Starting at $100
Monthly Fee $3
Account Features
  • Member FDIC
  • Check Writing
  • Branch Access
  • Bauer Financial A+/A Rating
  • Free Bill Pay
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Check Images with Statement
  • Interest Bearing Account
  • Mobile Check Deposit

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