# First Exchange Bank vs MVB Mobile Banking

The clearest difference is monetization model: MVB Mobile Banking at free against First Exchange Bank's free with in-app purchases. First Exchange Bank's advantage is rating (4.8 vs 4.5) and update cadence (every 3 months vs every 7 months). On price, ratings volume, ads and in-app purchases there is nothing between them.

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

First Exchange Bank holds the better App Store score, 4.8 against 4.5. Both are backed by a comparable volume of ratings — 657 and 247 respectively. Written reviews point the same way: 88% of First Exchange Bank's written reviews are positive against 78% of MVB Mobile Banking's.

First Exchange Bank ships an update every 3 months, MVB Mobile Banking every 7 months. The most recent releases landed on October 26, 2026 and October 24, 2026 respectively.

## The numbers

| Metric | First Exchange Bank | MVB Mobile Banking |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.8 (657 ratings)](https://appshunter.io/ios/app/first-exchange-bank/id891295087/reviews)** | [4.5 (247 ratings)](https://appshunter.io/ios/app/mvb-mobile-banking/id6475497714/reviews) |
| Number of ratings | **657** | 247 |
| Positive reviews | **88.2% of reviews** | 78.0% of reviews |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | **Every 3 months** | Every 7 months |
| Monetization | Free with in-app purchases | **Free** |
| Size | 103 MB | 44 MB |
| Requires iOS | 17.0 | **16.0** |
| Devices | iPhone, iPad | **iPhone, iPad, Apple Watch** |
| Age rating | 4+ | 17+ |
| Developer | [First Exchange Bank](https://appshunter.io/developer/891295090) | [MVB BANK](https://appshunter.io/developer/579404797) |

## What reviewers say

### First Exchange Bank

[App page](https://appshunter.io/ios/app/first-exchange-bank/id891295087)

Manage your bank accounts on the go. Deposit checks, view balances, transfer funds, and pay bills directly from your mobile device. Easily locate nearby branches and ATMs.

**Highlights:** Deposit checks, Check account balances, Search recent transactions, Transfer funds between accounts, Pay bills, Find branches and ATMs

**Features:** Vision Pro support

**In-app purchases:** none

**What reviewers like**

- 👍 Like family, considerate
- 👍 Great service, helpful people
- 🚀 Easy mobile deposits
- 👍 Convenient banking from anywhere
- 👍 Useful and good app

**Requested features**

- Add notation for deposit purposes (business accounts)
- Show payment due/paid status for notes


### MVB Mobile Banking

[App page](https://appshunter.io/ios/app/mvb-mobile-banking/id6475497714)

Safely access your bank accounts on the go. Manage balances, transfer funds, deposit checks, pay bills, and set alerts. Business clients can also create and send payments and manage user permissions.

**Highlights:** Check account balances, Transfer money, Deposit checks, Pay bills, Set alerts, Manage debit cards, Business payment creation

**In-app purchases:** none

**What reviewers like**

- 👍 Easy to use
- 👍 User-friendly
- 🔒 Safe and secure
- 🚀 Convenient
- 👍 Helpful app

**What reviewers complain about**

- 🐛 Glitches and slow updates
- 🐛 Pending transactions for days
- 🐛 Alerts are delayed
- 🐛 Not user friendly
- 🐛 Too many clicks

**Reported bugs**

- Check accounts at night totals can be way off
- Available funds updates can be very slow and concerning
- May not see the deposit of a check for 24 hours
- Setting up permissions and users is tough and complicated
- App is awful since update/change

**Requested features**

- Needs to work with empower personal dashboard
- Can I have 100,000 dollars now?


## Frequently asked questions

### Is First Exchange Bank free?

First Exchange Bank is free to download, with no in-app purchases.

### Is MVB Mobile Banking free?

MVB Mobile Banking is free to download, with no in-app purchases.

### Which has better reviews, First Exchange Bank or MVB Mobile Banking?

First Exchange Bank is rated higher. First Exchange Bank averages 4.8 out of 5 from 657 ratings, while MVB Mobile Banking averages 4.5 from 247 ratings.

### Do First Exchange Bank or MVB Mobile Banking have ads?

Neither First Exchange Bank nor MVB Mobile Banking shows ads.

### Which is updated more often, First Exchange Bank or MVB Mobile Banking?

First Exchange Bank ships an update every 3 months, and MVB Mobile Banking every 7 months. Most recently, First Exchange Bank was updated on October 26, 2026 and MVB Mobile Banking on October 24, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*