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  First Exchange Bank Minor Savings

First Exchange Bank Minor Savings

in Savings Accounts from First Exchange Bank · fdic

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First Exchange Bank Minor Savings

Unaffiliated

in Savings Accounts from First Exchange Bank · Member FDIC

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Highlights
Monthly Fee N/A
APY (Annual Percentage Yield) N/A
APY Minimum Balance $50

First Exchange Bank Minor Savings Review

First Exchange Bank Minor Savings is offered by First Exchange Bank, a bank founded in 1895 and based in White Hall, WV. First Exchange Bank Minor Savings is available in 1 state across the USA.

Key Takeaways
First Exchange Bank Minor Savings 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.
First Exchange Bank Minor Savings FAQ

Are savings accounts from First Exchange Bank federally insured?

Yes, your First Exchange Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #13020). 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 First Exchange Bank offer a signup bonus?

First Exchange Bank Minor Savings doesn't offer a signup bonus.

What is the minimum initial deposit for First Exchange Bank Minor Savings?

The minimum deposit to open a First Exchange Bank Minor Savings is $25.
First Exchange Bank Minor Savings Minimums
Description
APY Minimum Balance $50
Minimum Balance to Avoid Monthly Fee Starting at $25
Minimum Opening Deposit Starting at $25

What APY does First Exchange Bank offer?

First Exchange Bank Minor Savings is not an interest-bearing account.

What fees does First Exchange Bank Minor Savings charge?

First Exchange Bank Minor Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $25.

What features and perks does First Exchange Bank Minor Savings offer?

This savings account includes the following features:

  • Fraud monitoring - First Exchange Bank Minor Savings 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.
  • Mobile Banking Services - First Exchange Bank Minor Savings 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 First Exchange Bank Minor Savings?

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 First Exchange Bank Minor Savings?

The customer support email for First Exchange Bank Minor Savings is depositservices@firstexchangebank.com.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 4:00pm
  • Tuesday 9:00am - 4:00pm
  • Wednesday 9:00am - 4:00pm
  • Thursday 9:00am - 4:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 12:00pm

Other Services by First Exchange Bank

Icon for Savings Accounts
View all savings accounts offered by First Exchange Bank

Availability

  Available in 1 state
West Virginia
Availabile in all of West Virginia

Feature Breakdown

APY Minimum Balance $50
Minimum Balance to Avoid Monthly Fee Starting at $25
Minimum Opening Deposit Starting at $25
Account Features
  • Member FDIC
  • Check Writing
  • Branch Access
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Mobile Check Deposit

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