Qualified Intermediary

Bank Exchange Services

Exchange Services, LLC · Parent: Utah LLC affiliate of Zions First National Bank, California Bank & Trust, Vectra Bank Colorado, National Bank of Arizona, and Nevada State Bank (footer). Public brand sits under Zions Bancorporation, N.A. · Firm website

FEA membership: FEA unknown
CES® holders: Not published on cited pages
Fidelity bond: Not published on cited pages
E&O / other cover: About/safety page: FDIC-insured qualified trust bank account (up to $250,000 as stated) or a fully collateralized qualified trust account. Zions Bank is the trustee; the taxpayer is the beneficiary. No fidelity-bond or E&O dollar on the pages cited.
How funds are held: Segregated
Dual-signature wires: Wire controls unknown
Reverse / improvement / DST: Reverse Unknown · Improvement Unknown · DST Unknown
Last sourced: 2026-09-10

Published coverage notes

About/safety page: FDIC-insured qualified trust bank account (up to $250,000 as stated) or a fully collateralized qualified trust account. Zions Bank is the trustee; the taxpayer is the beneficiary. No fidelity-bond or E&O dollar on the pages cited.

Fund handling

About/safety page: proceeds held in an FDIC-insured qualified trust bank account — with or without interest — or a fully collateralized qualified trust account. Zions Bank is trustee; you are the beneficiary. Accounts are with Zions Bancorporation affiliates (Zions Bank, California Bank and Trust, Vectra Bank, National Bank of Arizona, Amegy Bank named on that page). FDIC page: qualified-trust safe harbor for every transaction; funds in a separate bank account; you own the account; Exchange Services holds it in trust in your name. Zions Bank 1031 page: disbursements occur only with written approval. The pages do not name the required signers.

Who keeps the float

About/safety page: qualified trust bank account offered with or without interest. Zions Bank Corporate Trust 1031 page: all interest earned on funds is paid to the taxpayer; funds held in a competitive money market account.

Who it is for

Bank-affiliate QI for exchangers who want a Zions Bancorporation qualified trust. Legal name on every cited footer: Exchange Services, LLC, a Utah limited liability company. Brand: Bank Exchange Services. Easy-steps page: proceeds placed in a Zions Bank Qualified Trust Account. Reverse, improvement, and DST menus are not on the pages cited. FEA and CES® unpublished.

Verdict

One of the clearer bank-trust QI files: Utah LLC, named trustee (Zions Bank), taxpayer as beneficiary, account in the taxpayer’s name, separate bank account, FDIC $250k or a fully collateralized alternative. Interest-to-taxpayer is on the Zions Bank page. Written approval is published without naming who must sign, so dual-signature stays unknown. No public fee card, no CES/FEA, no reverse/improvement menu. This is QI custody, not a securities offering. Ask which affiliate bank will hold your file and for the current QTA and approval form.

Notes

This is a QI custody file, not a securities offering. The contracting QI on every cited footer is Exchange Services, LLC, a Utah limited liability company. Bank Exchange Services is the public brand. Confirm that name on the exchange agreement and the qualified-trust paperwork.

Zions Bank’s 1031 page calls Exchange Services, LLC “our subsidiary” and says Day-1 proceeds go into a Zions Bank Qualified Trust Account. Affiliate-bank names on the safety page and in the site footer can change with branding; ask which depository is on your file.

Written approval for disbursements is published on the Zions Bank page without a dual-officer or taxpayer-plus-QI mechanic. Dual-signature stays unknown. FEA membership and CES® staff are unpublished.

Reverse, improvement / build-to-suit, and DST-as-replacement work are not listed as QI products on the pages cited.

Sources

Homepage — Bank Exchange Services2026-09-10
Safety of Your Funds — Exchange Services, LLC2026-09-10
FDIC Coverage for Your 1031 Tax Deferred Exchange Account2026-09-10
About 1031 Exchanges — Bank Exchange Services2026-09-10
3 Easy Steps — Bank Exchange Services2026-09-10
1031 Exchange — Zions Bank Corporate Trust2026-09-10

Share a factual note

Prewritten LinkedIn text. No hype. No affiliate link.

Exchange Services, LLC (Bank Exchange Services) has a custody file on The QI File — published facts only. No star rating. No paid placement.

FEA: FEA unknown. Funds: Segregated. Dual-sign: Wire controls unknown.

Unknown on that file means unpublished, not a grade.

https://www.theqifile.com/firms/exchange-services/

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Corrections and verification

Listings are sourced from public pages. Unknown is omitted, not graded. If a fact is wrong or stale, send the primary URL.