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  Exchange Bank Statement Savings
Exchange Bank Statement Savings Unaffiliated

Exchange Bank Statement Savings

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

Exchange Bank Statement Savings Review

Exchange Bank Statement Savings is offered by Exchange Bank of Louisiana, 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.
Exchange Bank savings account Pros & Cons
Pros Cons
  • No signup bonus.
  • Does not earn interest.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Only available in one state.
  • Monthly service charge.
Exchange Bank savings account FAQ

Are savings accounts from Exchange Bank of Louisiana federally insured?

No, your Exchange Bank of Louisiana savings accounts are not insured by a federal insurance agency. This means that if Exchange Bank of Louisiana were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

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:

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
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Bauer Financial A+/A Rating
  • Branch Access
  • Member FDIC
  • Check Writing

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Exchange Bank of Louisiana Savings Accounts

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