Personal Checking

Exchange Access Checking

Our simplest and most convenient account

Basics

  • $50 minimum deposit to open
  • No monthly service charge
  • No minimum balance
  • $3 Statement fee/no fee for eStatements

Includes

Available Add-ons

 

Exchange Classic Checking

Everything you need in a checking account

Basics

  • $100 minimum deposit to open
  • No monthly service charge
  • No minimum balance
  • $3 Statement fee/no fee for eStatements

Includes

Available Add-ons

 

Exchange Premier Checking

Enjoy our complete suite of deposit services

Basics

  • $100 minimum deposit to open
  • Monthly service charge
    • $0 if average daily balance remains above $500
    • $5 if average daily balance is $100 – $500
    • $10 if average daily balance is below $100
  • Pays interest on entire balance at Exchange Savings Rate*
  • Paper Statement $3, free for those ages 65+/no fee for eStatements

Includes

  • Exchange Perks Package
  • Debit Card
  • Unlimited Check Writing
  • Digital Wallet – Apple Pay, Samsung Pay, Google Pay, FitBit Pay, Garmin Pay (available Sept. 15th)
  • Online Banking with BillPay and Alerts
  • Telephone Banking
  • Paper checks (One free order of single checks a year**)
  • Cashier’s Checks – Limit 3 with no fee per month
  • Overdraft Privilege (Must meet eligibility criteria)

Available Add-ons

*The Exchange Savings Rate is currently .10%.  Rate subject to change.

 

Prime Account

Our Prime Account is our most popular interest bearing account. Featuring a tiered-rate, your interest rate increases as your average daily balance increases. The account is subject to limited transactions but you will enjoy seeing your balance grow as the interest is compounded monthly.
EFFECTIVE March 16, 2020
Determination of Rate – the interest rate applied to Tier 2 is 20% of United States Prime.
Prime Account Rate Information:
Tier 1- If your average daily balance is $34,999.99 or less, the interest rate paid on the entire balance will be 0.10% with an annual percentage yield of 0.10%.

Tier 2 – An interest rate of  .65%will be paid only for that portion of your average daily balance that is greater than $34,999.99. The annual percentage yield for this tier will range from 0.10% to .65%, depending on the balance in the account. The portion of the balance below $35,000.00 will earn interest at the tier 1 rate.

Prime Interest is compounded monthly and will be paid on the account every month.

Currently United States Prime is 3.25%.

 

 

Regular Office Hours: 256.547.2572 | Exchange Info Line 256.570.0999
Member FDIC Equal Housing Lender SBA Preferred Lender ©2015 Exchange Bank of Alabama™. All rights reserved.