Exchange Bank offers paper checking accounts, but you'll need to visit a branch in person to open one

Exchange Bank, a regional bank operating primarily in Northern California, does offer traditional paper checking accounts. However, the bank does not allow you to open an account entirely online. You must visit a physical branch location to complete the account opening process, bring required identification documents, and make an initial deposit.

Exchange Bank has branches in Sonoma, Marin, and Napa counties. If you don't live near one of these locations, you won't be able to open an account with them. The bank's service area is limited to Northern California, so out-of-state customers cannot use Exchange Bank for checking accounts.

Key Takeaways

  • Exchange Bank requires you to open a paper checking account in person at a branch location; online-only account opening is not available.
  • You will need a valid government-issued ID, proof of address, and an initial deposit amount (which varies by account type) to open an account.
  • Exchange Bank only serves customers in Sonoma, Marin, and Napa counties in Northern California, so branch access is limited by geography.
  • Paper checks come with your account, but you should confirm the current fee structure and minimum balance requirements when you visit the branch.

What documents you need to bring to the branch

Bring a current government-issued photo ID—a driver's license, passport, or state ID card. Exchange Bank will also ask for proof of your current address, which can be a utility bill, lease agreement, or recent bank statement dated within the last 60 days. Some branches may accept a government document with your address printed on it.

If you're opening an account for a business rather than personal use, bring your Employer Identification Number (EIN) or Social Security Number, business registration documents, and the names and IDs of authorized signers. Call your nearest branch ahead of time to confirm what business documents they need, since requirements can vary slightly by location.

Initial deposit amounts and account types

Exchange Bank offers several checking account options, and the minimum opening deposit varies by account type. Some accounts require $500 to open, while others may have different minimums. The bank also offers interest-bearing checking accounts and accounts designed for specific customer groups, each with its own deposit requirement.

When you visit the branch, ask the representative which account type fits your needs and what the current minimum deposit is for that account. Fees, balance requirements, and features change periodically, so getting this information directly from the branch ensures you have accurate details before you commit.

How paper checks work with your account

When you open a paper checking account at Exchange Bank, the bank will order a box of checks for you. Checks typically arrive within 7 to 10 business days after your account is opened. You can start using your account immediately with a debit card, but you'll need to wait for the physical checks to arrive before you can write checks by mail.

Exchange Bank may charge a fee for your first box of checks, or it may be included with your account type. Reordering checks after your first box runs out usually costs money. Ask about check reorder fees and how to reorder (online, by phone, or in person) when you open your account.

Fees and monthly maintenance costs

Exchange Bank charges a monthly maintenance fee on most checking accounts, though the amount depends on the account type you choose. Some accounts waive the fee if you maintain a minimum balance or set up direct deposit. Others have a flat monthly fee regardless of your balance.

The bank also charges fees for overdrafts, out-of-network ATM withdrawals, and other services. Since fee structures change, ask the branch representative for a current fee schedule before you open the account. This way you'll know exactly what you'll pay each month and what triggers additional charges.

Finding the nearest Exchange Bank branch

Exchange Bank's website has a branch locator tool that shows all open locations, hours, and phone numbers. You can search by city or zip code to find the branch closest to you. If you're near the border of their service area, call ahead to confirm the branch is still open and ask about their current hours, since some branches have limited weekday or weekend availability.

If no Exchange Bank branch is within reasonable distance, you'll need to consider other banks that offer paper checking accounts. Many regional and national banks allow you to open accounts online or by mail, which may be more convenient depending on where you live.

Alternatives if Exchange Bank doesn't work for you

If you can't reach an Exchange Bank branch or prefer not to visit in person, other banks offer paper checking accounts with different opening methods. Some regional banks allow you to open accounts by mail or phone after an initial online application. National banks like Chase, Bank of America, and Wells Fargo have branches in most areas and offer both online and in-person account opening.

Credit unions in your area may also offer paper checking accounts and sometimes have more flexible opening requirements than traditional banks. If you're looking for a bank that lets you open entirely online without visiting a branch, you'll need to look outside Exchange Bank's offerings.

Frequently Asked Questions

Can I open an Exchange Bank checking account online?

No. Exchange Bank requires you to open a checking account in person at a branch location. You cannot complete the entire process online or by mail. You must visit a physical branch with your ID, proof of address, and initial deposit.

What if I live outside Sonoma, Marin, or Napa counties?

Exchange Bank does not serve customers outside its Northern California service area. You will need to open an account with a different bank that operates in your state or region. Many national and regional banks have branches or online services available nationwide.

How long does it take to get my checks after I open the account?

Checks typically arrive within 7 to 10 business days after your account is opened. You can use your debit card and online banking immediately, but you'll need to wait for the physical checks to arrive before you can write checks by mail.

Will I pay a fee for my first box of checks?

It depends on your account type. Some Exchange Bank accounts include the first box of checks at no charge, while others charge a fee. Ask the branch representative about check fees when you open your account so you know what to expect.

What happens if I can't maintain the minimum balance?

If your account balance drops below the minimum required for your account type, Exchange Bank will charge a monthly maintenance fee. Some accounts waive this fee if you set up direct deposit or maintain a specific balance. Ask about these options when you open your account.