Encryption is utilized with the transmission of data from one party to another. The sender encodes the data by scrambling it and then sends it on. The receiver must decode the data with the correct “decoder” in order to read and use it. The effectiveness (or level of security) for encryption is measured in terms of how long the key is – the longer the key, the longer it would take for someone without the correct “decoder” to break the code.
You’ll need the same information that’s required when opening an individual account – but you’ll need it for both applicants. For details, select “What do I need to open an account with Exchange Bank?” above. Please note that each applicant will need to sign the signature card.
ACH transfers from your existing account at another financial institution to your new account will occur on approximately the third business day. If you currently are an Exchange Bank customer and are transferring money from an existing account with us, the transfer will occur on the next business day.
You have the option to edit your account information prior to submitting the information to Exchange Bank. Simply click on the “Edit” button above the grouping of information you would like to change, and you will be permitted to change your input.
Yes, we will order a debit card for any new Checking, Savings or Money Market account after we are in receipt of all the required account opening documents and your account has been funded. You can expect to receive your debit card within 7–10 days from that date. Follow the instructions that are included to select a (PIN) Personal Identification Number, and to activate it.