Offer at a glance
Offers
- Exchange Bank offers a $150 bonus when you open a new daily checking account with an opening deposit of $100 and meet the following requirements:
- Have at least one monthly direct deposit or ACH transfer credit of $500 or more deposited into the account for 3 consecutive months
- Register and choose to receive eStatements
Fine Press
- To get $150 bonus cash: Open a new Daily Checking account (subject to approval) by 06/01/2026.
- Complete the following three (3) requirements, beginning either in the month of account opening or in the month immediately following: 1.) Open a new Daily Checking account with a minimum opening deposit of $100. Current or previous owners of Daily Checking accounts (including joint owners) within the last 60 days are not eligible. 2.) Have at least one (1) qualifying ACH credit totaling $500 or more per month, in the aggregate, deposited into your Daily Checking account for three consecutive months.
- Qualifying ACH credits include direct deposits or government benefit payments; and 3.) Register and receive electronic statements for your Daily Checking account. Bonus cash will be paid to the account opened, eligible within 150 days of account opening and all promotional requirements have been met.
- The account must have an available balance greater than zero at the time of payment to receive the bonus.
- The bonus will be credited to the qualifying account and will be reported as interest for tax purposes. Any applicable tax related to the bonus is the responsibility of the account holder.
- To the extent required by law, Exchange Bank will report the total value of this bonus to the IRS on Form 1099-INT (or Form 1042-S, if applicable) for the tax year in which the bonus is paid.
- This is not an interest bearing account. Exchange Bank employees and board members are not eligible. A bonus per account.
- Offer may change or be discontinued at any time without prior notice. Terms, conditions, restrictions and fees may apply.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
This account has no monthly fees.
Early account termination fee
I was not able to find a fee schedule so uncertain if there is any EATF.
Our verdict
Feel free to share your experiences with this bank in the comments below.
Hat tip to the reader snail
Useful posts about bank bonuses:
