 | 007 Ad Banner Exchange - Offers 200 free impressions on signup. Sites are not verified before joining. [Exchange Ratio: 2:1 Banner Sizes: 468x60]
 | AdBunker - Offers targeting and variable exchange rates depending on banner placement. [Exchange Ratio: 2:1 to 5:4 Banner Sizes: 468x60]
 | Adendum - Can have up to four banners and multiple URLs for each banner(!) 2000 free impressions upon joining, 500 free impressions monthly. [Exchange Ratio: 3:2 Banner Sizes: 468x60]
 | ADQuantum - Basic exchange service. 100 free impressions upon joining. [Exchange Ratio: 4:3 Banner Sizes: 468x60]
 | Ads Space - Offers category and geographic targeting. 1000 free impressions upon joining. [Exchange Ratio: 4:3 Banner Sizes: 468x60]
 | Ads4exchange.com - A free banner exchange with an emphasis on high quality ads. 3 to 2 ratios.
 | AdTactics - Banner exchange with 10:1 ratio, 5 level referrals.
 | All-Australian Banner Exchange Network - Australian only banner exchange [Exchange Ratio: 3:2 Banner Sizes: 468x60]
 | Banner 24 - Allows up to five different banners and supports rich media. 500 free impressions upon joining, 3 bonus impressions for each clickthrough. [Exchange Ratio: 2:1 Banner Sizes: 468x60]
 | Banner Delivery - Offers targeting. 1000 free impressions upon joining. [Exchange Ratio: 2:1 Banner Sizes: 468x60, 125x125, 88x31]
 | #1 Banner Exchange - 3:2 ratio. Banner sizes: 468x60, 88x31. Requires JavaScript to display banners.
 | Banner Exchange - Free banner exchange offering free advertising to web sites. Members get 1000 credits for signing on and have access to free search engine submission and meta tag generator tools.
 | Banner Exchange Program - Banner Exchange Software that supports ad serving as well as banner rotation for banner exchanges, banner exchange programs and link exchanges
 | Banner Push - Supports flash banners. 5000 free impressions upon joining. [Exchange Ratio: 3:2 Banner Sizes: 468x60]
 | The Banner Swamp Network - A free 468x60 two-way targeted banner exchange with a 2:1 ratio and 1,000 credits signup bonus.
 | The Banner Trade - Offers a free exchange with 3:2 ratio and paid services.
 | The Banner Trader - Offers three membership options and 1:2 ratio.
 | Banner Trafficker Banner Exchange - 2:1 ratio plus 200 impressions. Banner size: 468x60.
 | BannerAdvert.com - Features "adstopper" to save up credits for future campaigns. 2000 free impressions upon joining. Ratio changes to 1:1 for 5 days every month. [Exchange Ratio: 2:1 Banner Sizes: 468x60]
 | Banner-Adverts - Banner advertising network and link exchange with 3:2 ratio.
 | Banneralliance.com - Banner exchange with 4:3 ratio.
 | Bannerco-op - 1 for 1 free banner exchange plus cash.
 | BannerCo-Op.com - 2:1 ratio. Banner size: 250 x 72. Optional membership generates $0.10 per click.
 | BannerExchange3000 - Free banner exchange advertising. For a limited time, receive 3,000 free banner impressions with membership.
 | Banner-Exchange.org - Features banner exchange with 3:2 ratio.
 | Banner-Hits - Provides a 1:1 ratio banner exchange program.
 | Bannerhound.com - Free banner exchange network.
 | Banner-Index - For small businesses. [Exchange Ratio: Unspecified. Banner Sizes: 468x60]
 | BannerJammers.com - Banner advertising with 3:2 Ratio.
 | Banner2k Exchange - Banner exchange.
 | Banner-o-Matic - General exchange with little information. Offers 25000 free impressions upin joining. Also offers pop-up exchange. [Exchange Ratio: Claims 1:1 Banner Sizes: 468x60]
 | BannerOverdrive - Information about the program.
 | BannerRage - 1:1 ratio. Banner size: 468x60. Exchange attaches their ad.
 | BannerResource - Offers new members 500 free impressions; pays 500 impressions for each webmaster referred.
 | 123 Banners - Offers 2:1 ratio, for banners 400 x 40 pixels and less than 10k in file size.
 | Bannershack.com - Free banner exchange.
 | Banners-R-Us - Banner exchange network.
 | BannerSwap - Every time someone views a banner on your site, you get 1/2 a credit. With each 1 full credit, your banner is shown on someone else's site.
 | Bannerz Exchange - A 3:2 display ratio banner exchange.
 | The Button Exchange - Free 88x31 button exchange advertising for qualified websites.
 | ButtonExcellence.com - 2:1 ratio, 120 x 60 button, 10,000 free exposures.
 | buttonXchange.com - Free, 88x31, micro button exchange.
 | Christmas Banner Exchange - Targed banner exchange for holiday themed websites, shopping or commercial websites seeking traffic for the holidays, or family pages. [Exchange Ratio: 2:1 Banner Sizes: 468x60, 120x60, 125x125]
 | Click4Click Banner Exchange - Banner exchange with a 2 for 1 ratio. All major banner and button sizes supported.
 | CoolBanners - Eye-catching banner ads that drive traffic to your web site. Guaranteed 24 hours turn around time.
 | CyberLink Exchange - Free startup credits, 4 banners allowed, Muliplr banner clickpoints, Automated HTML insertion, Free online banner creation software, Nightly reports.
 | CyberMontana Banner Exchange - Free banner exchange, will advertise your site on 12,000 link sites for free for joining.
 | Desert Son Printing - Free banner exchange program for Arizona businesses.
 | DIY Webmaster Resources Banner Exchange - Free banner exchange with a 5:4 ratio and 100 free credits for joining.
 | Exchange your Visitors - Why exchange banners when you can exchange visitors instead?
 | Exchange-it - Members of this program can generate free advertising for their own banners. Includes a service mini-tour and overview.
 | EZ Banner Exchange - Offers 2,000 free impressions, a 4:3 impression ratio, and 10 impressions per click-thru.
 | EZ Exchange - Advertising Network - Offering 1,000 free impressions at sign up. A 3:2 exchange ratio: A 468x60 banner and 88x31 button exchange program.
 | Flash Banner Exchange - Flash banner exchange with 1:1 ratio.
 | FlexBanner.com - Banner advertising 2:1 ratio. 8000+ free exposures right now.
 | 10-for-1.com - Requires that banners are displayed in the visible portion of the average monitor.
 | The Free Auction - Provides a 3 to 2 exposure ratio. Automatically tracks your stats.
 | Free Banner Exchange Network - Basic exchange service. [Exchange Ratio: 4:3 Banner Sizes: 468x60]
 | Free Banner Network - Startpage, banner, pop up, swim and text exchange.
 | Free Banner Swap - 1:1 ratio and no additional graphics.
 | 1-2-Free Global Banner Exchange - Free internet banner advertising for web site promotion. Join this free banner exchange program to increase traffic with category targeting feature. This is a free internet marketing tool for all web sites.
 | FreeBannerNetwork.com - Offers targeting, click-based exchanging and detailed statistics. 5000 free impressions upon joining, 1000 free impressions monthly. [Exchange Ratio: 2:1 Banner Sizes: 468x60, 236x60, 125x125, 120x90, 120x60, 88x31]
 | Free-Banners - 2:1 ratio. Banner size: 468x60. Exchange attaches their ad.
 | 12FreeGo - Free banner exchange with a 3:2 ratio.
 | GheosAds 1for1 BannerExchange - 1for1 banner exchange program. Different banner sizes possible
 | Girlza.com - Banner exchange using macromedia flash banners.
 | Glowport - Banner exchange, offering 300 free credits for joining, a 3:2 ratio, detailed reporting, and prompt account approval.
 | GoAdBar - Free program offering 1:5 link exchange ratio.
 | Goblin Banner Exchange - Offers targeting and multiple website management. 300 free impressions upon joining. [Exchange Ratio: 5:4 Banner Sizes: 468x60, 120x60, 100x100]
 | HighExchange.com - A banner exchange site offering targeted advertising and detailed stats.
 | HitExchange - Members trade banner click-thrus at 5:4 ratio or better. Only members' banners show. It supports up to eight banners per account. Banner sizes = 468x60, 400x50, and 400x40 pixels.
 | Hyper Banner - This banner exchange program is like all the rest in that you get 1/2 a credit each time the banner is viewed. Banner Size = 408 x 60 or 468 x 60 pixels. File size must be under 10K.
 | I@Banners - Offers 3:2 exposure ratio along with 3000 credits when joining, 10000 more for referrals, as well as search engine submission services.
 | Impressionz - You get a variety of banner services. There are 3 formats to choose from (including button size). You automatically get 500 credits just by joining.
 | Indian Link - Free Banner network ratio of 1:1.
 | Intlwholesale.com Banner Exchange - Free banner advertising with 3:2 ratio.
 | Kalite 100 - Mouseover controlled banner exchange with 1:2 ratio.
 | Katakombe Banner Exchange - Exchange ratio based on website volume.
 | KatCom AdXchange - Free banner exchange program with 5:4 banner placement, uses 468x60 banners.
 | Keptin.Net - Basic exchange service. 10 bonus impressions for each clickthrough. [Exchange Ratio: 2:1 Banner Sizes: 468x60]
 | Keyflag Free Banner Exchange - Start-up credit for all new members. Provide links for your website on our wide-ranging network of commercial sites and personal homepages.
 | KingsClick - banner account that earns webmaster 50% of revenue, gives a 1-to-1 ration, multiple banners, dual banner sizes.
 | LemNet Banners - Provides a 10:7 exchange with referral bonuses and a monthly draw. 468x60 banners up to 12k.
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