Online Account Opening Funding Options

National Exchange Bank & Trust offers a number ways to fund a new account being opened online.

Transfer Money from an Account at a Different Bank

When you choose this method, we will send two test transactions to an existing account that you own before we attempt to debit the account for the initial deposit. Once you confirm the debit and credit (which offset the transaction to $0), your account at the other financial institution is debited to fund your new account with National Exchange Bank & Trust. You will need the routing number of your current financial institution and your account number.

Direct Deposit of your Payroll

If you would like to take your new account number and National Exchange Bank & Trust's routing number to your employer to fund your account with your payroll deposit or Health Savings Account contribution directly from your employer, chose "Make a direct deposit from my account at a different bank." Instructions for completing this will be given to you in the account opening process and emailed to you. When indicating the amount of the initial deposit, you may estimate that amount up to $1000. The account will be funded with the amount received.

Transfer from an Internal Account (for Existing Customers)

Existing National Exchange Bank & Trust customers qualifying for the "Fast Path" option will be presented with an option to transfer funds from an existing National Exchange Bank & Trust account.

Special Note for HSA Applicants

If you are opening an account before your plan effective date, please choose "Set up direct deposit" in order to avoid potential tax consequences. This will allow the account to open, and you may fund it after the effective date in the manner that works best for you.

At this time, we do not accept a check as a funding method.