Exchange Bank has 25 branches in California and thousands of surcharge-free ATMs nationwide through its Allpoint network. Its small business offerings include business savings and checking, merchant services and investment solutions. It is rated A+ by the Better Business Bureau and 4.5 stars out of 5.0 on both Facebook and Yelp.
Exchange Bank Business Checking Rates & Fees
| Monthly Fee | $15 per month, waived if balance requirement is met or if enrolled in Cash Manager Plus or Cash Manager Executive Service |
| Minimum Balance Requirement | $5,000 average daily collected balance or $15,000 average daily balance in combined deposit accounts |
| Transaction Fee | 200 free transactions per month; 30 cents per item thereafter |
| Wire Transfer Fee | Incoming: $15 Outgoing - domestic: $30 Outgoing - domestic (repetitive): $20 Outgoing - international: $55 Outgoing - international (repetitive): $50 |
| Cash Deposit Fee | Free $10,000 per month; 15 cents per $100 thereafter |
| Overdraft Fee | $32 per item, maximum of $175 per day |
| ATM Fee | Non-Exchange Bank ATM transactions: $1 per balance inquiry $1.50 per withdrawal |
Exchange Bank Network
Exchange Bank has more than 20 branches in California and thousands of ATM locations nationwide through its Allpoint network. You can use its branch locator to see what locations are closest to you.
Exchange Bank Additional Business Banking Services
Exchange Bank also offers the following business services: business savings and money market accounts, business credit cards, business loans, Small Business Administration loans and commercial real estate financing. It currently doesn’t offer business lines of credit or wealth management services. Find out more about its small business offerings on its website.
| Online & Mobile Banking | ✓ |
| Business Savings | ✓ |
| Money Market Accounts | ✓ |
| Business Loans | ✓ |
| Business Credit Cards | ✓ |
| SBA Loans | ✓ |
| Commercial Real Estate Loans | ✓ |
| Business Line of Credit | x |
| Wealth Management | x |
Best Business Checking Account for Small Businesses
Want to know what bank we named the best business checking account for small businesses? Read our business checking account buyer’s guide comparing the top 10 options.
