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The State Exchange Bank Reviews


bestfor-icon Short-term certificates of deposit

Written by Andrew Omalley

About The State Exchange Bank | Read More


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  • info@stateexchangebank.com
  • 580 388 4345
  • 107 S Commercial St, Mankato, Kansas, 66956, United States
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The State Exchange Bank Online Banking Review

The State Exchange Bank has plenty of account options, so most people should be able to find one that suits their situation. There is generally a low-fee structure in place, with many of the checking accounts allowing you to earn interest. While The State Exchange Bank is not very transparent when it comes to displaying account APYs, the rates are apparently quite competitive.

The State Exchange Bank Online Banking Highlight


Overdraft Fees


Other Fees

Pros & Cons

  • con-icon TruState Exchange Bank CDs require a low minimum opening balance of $250sted bank
  • con-icon Interest is compounded daily, while many competitors provide interest that’s compounded monthly
  • con-icon Short-term CDs available
  • con-icon CD rates aren’t competitive with some of the highest-paying CDs at competing banks
  • con-icon Must open a CD through the SaveBetter platform, which means that you’ll have to work with the SaveBetter customer support team, available during business hours Monday through Friday.

Account types

  • Checking
  • Savings
  • Certificates of Deposit (CD)


Account 1 Year 3 Years 5 Years
Savings Account 3.6% 3.6% 3.6%
CDs Undisclosed Undisclosed Undisclosed
NOW Checking Undisclosed Undisclosed Undisclosed
Super NOW Checking Undisclosed Undisclosed Undisclosed
Premier Money Market Account Undisclosed Undisclosed Undisclosed

Opening an Account With The State Exchange Bank

If you want to open an account with The State Exchange Bank, you can do so online. You initially select a banker, enter your full name, email address, phone number, and write a message regarding the type of account you wish to open.

Then you will be taken to a secure platform where you can upload your photo ID, Social Security Number, and other important info that needs to be transmitted in a safe manner. The entire process takes just a few minutes to complete.

You can usually get approved instantly for the account you are applying for and you can make your initial deposit straight away. You will need to meet the minimum opening deposit requirements to use a given account.

State Availability

- Available in all states

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.



Does The State Exchange Bank offer checking accounts especially focused on students?

Yes, there is a student checking account in place that is optimized to suit the needs of something who is still in education.

Do The State Exchange Bank accounts carry any fees?

A lot of the account options at The State Exchange Bank will carry certain small maintenance fees relating to debit cards or if your account balance falls below a given level.

Is there a minimum required opening deposits for The State Exchange Bank accounts?

Most of the account options at The State Exchange Bank will carry some minimum required deposit requirements. These will vary depending on the exact account option.

Customer Support

There’s a range of ways in which you can contact the State Exchange Bank support team. While it doesn’t disclose the opening hours, telephone support is an option, as well as email and live chat support.

One great thing about the State Exchange Bank website is that it provides plenty of concise information about the different account options. There is plenty of transparency and it allows you to quickly compare the various accounts.

Privacy & Security

The State Exchange Bank has been in business since 1890, so it clearly knows a thing or two about looking after its customers in the right way. It has survived for that long by always treating its customers with the utmost care.

In terms of security measures it takes with customer data, all communications through the platform are fully encrypted. There is also FDIC insurance on relevant accounts, which gives you extra peace of mind when you are placing money in the hands of a given institution.

In Conclusion

The State Exchange Bank has been around for a long time and it is continually trying to evolve and improve its offering, there aren’t too many online banking providers that have as many account options as what you get with The State Exchange Bank. There should be something for every need, whether you are looking for savings accounts, checking accounts, or certificates of deposit.

Brand Disclaimer

Any communication or material that you transmit to us through this website or through electronic mail may be used only by The State Exchange Bank for the purposes described in our privacy policy. All information submitted to our website shall be considered and shall remain the property of The State Exchange Bank; this information will only be used internally for the purpose intended or as allowed by law.

The State Exchange Bank shall be free to use, for any purpose, any idea, concept, know-how or technique contained in information submitted by a visitor to us through this website and The State Exchange Bank shall not be subject to any obligations of confidentiality regarding submitted information except as agreed by direct customer relationship, or as otherwise specifically agreed or required by law. Nothing contained herein shall be construed as limiting or reducing The State Exchange Bank responsibilities and obligations to customers in accordance with our privacy policy.

If you need to communicate personal or confidential information, please do not use the email feature on this website, it is not a secure email service. Instead contact us by telephone, or you may use the secure mail feature within our Internet Banking Service.