Exchange Bank Statement Savings

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 are 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.

Exchange Bank savings account Pros & Cons

Exchange Bank savings account FAQ

Are savings accounts from Exchange Bank of Louisiana federally insured?

Yes, your deposits 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?

What APY does Exchange Bank Statement Savings 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?

Yes, you can typically set up a direct deposit to this account. 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.