[CA] Exchange Bank $150 Checking Bonus

Offer at a glance

The Offer

Direct link to offer

• Exchange Bank is offering a bonus of $150 when you open a new everyday checking account with a $100 opening deposit and complete the following requirements:
  • Have at least one monthly direct deposit or ACH transfer credit totaling $500 or more deposited into the account for 3 consecutive months
  • Enroll in and select to receive eStatements

The Fine Print

• To receive $150 cash bonus: Open a new Everyday Checking account (subject to approval) by 06/01/2026.
• Fulfill the following three (3) requirements, beginning either in the month of account opening or the immediately following month: 1.) Open a new Everyday Checking account with a minimum opening deposit of $100. Current or former Everyday Checking account owners (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 aggregate, deposited into your Everyday Checking account for three consecutive months.
• Qualifying ACH credits include direct deposits or government benefit payments; and 3.) Enroll and receive electronic statements for your Everyday Checking account. Cash bonus will be paid to the open, eligible account within 150 days after account opening and after all promotional requirements have been met.
• The account must have an available balance greater than zero at the time of payout to receive the bonus.
• The bonus will be credited to the qualifying account and reported as interest for tax purposes. Any applicable taxes associated with the bonus are the responsibility of the account owner.
• 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 was paid.
• This is not an interest-bearing account. Exchange Bank employees and board members are ineligible. One 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 have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees. 

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF. 

Our Verdict

Feel free to share your experiences with this bank in the comments below. 

Hat tip to reader snailrock

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