#1 Banner Exchange: Requires javascript to display banners. [Ratio: 3:2 Banner Sizes: 468x60, 88x31]
007 Ad Banner Exchange: Sites are not verified before joining. [Ratio: 2:1 Banner Sizes: 468x60]
1800Banners.com: Targeted banner exchange with search engine submissions. [Ratio: 2:1 Banner Sizes: 468x60]
1x3 Ratio Banner Exchange: Category targeted exchange. [Ratio: 2:1 Banner Sizes: 468x60]
Ad Castle Banner Exchange: Basic banner exchange. [Ratio: 1:1 Banner Sizes: 468x60]
Ad Tactics: Banner exchange with 5 level referrals. [Ratio: 2:1 Banner Sizes: 468x60]
AdBunker: Offers targeting and variable exchange rates depending on banner placement. [Ratio: 2:1 to 5:4 Banner Sizes: 468x60]
Adendum: Can have up to four banners and multiple URLs for each banner. [Ratio: 3:2 Banner Sizes: 468x60]
ADQuantum: Basic exchange service. [Ratio: 4:3 Banner Sizes: 468x60]
Ads 4 Exchange: A free banner exchange with an emphasis on high quality ads. [Ratio: 3:2 Banner Sizes: 468x60]
Banner Alliance: Basic banner exchange. [Ratio: 4:3 Banner Sizes: 468x60]
Banner Co-op: Banner exchange plus CPM rate. [Ratio: 1:1 Banner Sizes: 468x60]
Banner Delivery: Offers targeting. [Ratio: 2:1 Banner Sizes: 468x60, 125x125, 88x31]
Banner Exchange Program: Allows resale of exchange credits. [Ratio: 2:1 Banner Sizes: 468x60]
Banner Jammers: Basic banner exchange. [Ratio: 3:2 Banner Sizes: 468x60]
Banner Push: Supports flash banners. [Ratio: 3:2 Banner Sizes: 468x60]
Banner Rage: Free advertising and banner exchange. [Ratio: 1:1 Banner Sizes: 468x60]
Banner Swap: Basic banner exchange. [Ratio: 2:1 Banner Sizes: 468x60]
Banner Swarm Exchange Network: Basic banner exchange. [Ratio: 3:2 Banner Sizes: 468x60]
Banner-Adverts: Banner advertising network and link exchange. [Ratio: 3:2 Banner Sizes: 468x60]
Banner-Exchange: Basic banner exchange. [Ratio: 3:2 Banner Sizes: 468x60]
Bannerz Exchange: Basic banner exchange. [Ratio: 3:2 Banner Sizes: 468x60]
Click4Click Banner Exchange: Multi banner exchange. [Ratio: 2:1 Banner Sizes: 468x60, 120x60, 88x31]
CyberLink Exchange: Up to 4 banners allowed. [Ratio: 3:2 Banner Sizes: 468x60]
CyberMontana Banner Exchange: Free banner exchange. [Ratio: 2:1 Banner Sizes: 460x68, 90x46 ]
Express Marketing: Free banner exchange and reciprocal links exchange. [Ratio: 2:1 Banner Sizes: 468x60]
Flex Banner: Basic banner exchange. [Ratio: 2:1 Banner Sizes: 468x60]
Free-Banners: Exchange attaches their ad. [Ratio: 2:1 Banner Sizes: 468x60]
FreeBannerNetwork.com: Offers targeting, click-based exchanging and detailed statistics. [Ratio: 2:1 Banner Sizes: 468x60, 236x60, 125x125, 120x90, 120x60, 88x31]
HitExchange: Trade banner click-throughs. Supports up to eight banners per account. [Ratio: 4:5 Banner Sizes: 468x60, 400x50, 400x40]
Home Banner Exchange: Banner exchange advertising program through webtoolbars.
LemNet.com Banner Exchange: Free banner exchange and related services. [Ratio: 10:7 Banner Sizes: 468x60]
Link Buddies: Basic banner exchange. [Ratio: 4:3 Banner Sizes: 468x60]
Link Hut: A link exchange offering targeted banner advertising. [Ratio: 3:2 Banner Sizes: 468x60, 400x40]
LinkLeads Link Exchange: Search engine submission included. [Ratio: 2:1 Banner Sizes: 468x60]
Links eXchange Network: Free web site promotion program. [Ratio: 2:1 Banner Sizes: 468x60]
MS-Links Exchange: Complete targeted banner marketing. [Ratio: 4:3 Banner Sizes: 468x60]
My Banner Taxi: Search engine submission included. [Ratio: 2:1 Banner Sizes: 468x60]
Neo Banners: Free banner exchange also offering search engine submission and meta tag generator tools. [Ratio: 2:1 Banner Sizes: 468x60]
ReaLook Banner Exchange: Basic banner exchange. [Ratio: 2:1 Banner Sizes: 468x60]
Relmax Flash Banner Exchange: Supports several different banner formats and offers site targeting and 2-level referral program. [Ratio: 2:1 Banner Sizes: 468x60]
RotoLink Banner Exchange: Free combined banner and link rotation service featuring new banner surf program. [Ratio: 3:2 Banner Sizes: 468x60]
Sesame Street Rocks: Basic banner exchange. [Ratio: 2:1 Banner Sizes: 468x60]
SmartClicks: Small business and personal website exchange. [Ratio: Claims 1:1 Banner Sizes: 468x60, 88x31]
Thats My Site: Advanced targeting and stats. [Ratio: 3:2 Banner Sizes: 468x60]
The Free Auction: Banner exchange with advanced stats. [Ratio: 3:2 Banner Sizes: 468x60]
The Primary Hits Banner Exchange: Free banner exchange. [Ratio: 3:2 Banner Sizes: 468x60]
Traffic Flame Banner Exchange: Advanced stats. [Ratio: 5:4 Banner Sizes: 468x60]
Traffic Jam Network: Basic banner exchange. [Ratio: 2:1 Banner Sizes: 468x60]
Traffic Plumber: Basic exchange service. Relatively little information on website. [Ratio: Claims 1:1 Banner Sizes: 468x60]
TrainXchange Banner Ad Network: Targeted exchange. [Ratio: 2:1 Banner Sizes: 468x60]
TulipXchange: Targeted banner network. Includes a comprehensive graphical statistics, directory listing. [Ratio: 3:2 Banner Sizes: 468x60]
Wolf Web Australian Banner Exchange: Offers 100 free credits upon joining. [Ratio: 2:1 Banner Sizes: 340x40]
Worldprofit Banner Exchange: Exchange attaches their ad. Optional targeting to children or businesses. [Ratio: 2:1 Banner Sizes: 468x60]
Yes Nexus: Advanced statistics and targeting. [Ratio: 2:1 Banner Sizes: 468x60, 120x600, 125x125]