Business Checking Accounts
Earn up to $1,000 for doing business as usual.¹
Designed to keep your business in check.
Improve your bottom line when you conduct your business banking at Lafayette Federal. Whether you’re an established business owner or just getting started, we’ve got the right solution for you.
Your Business, Your Bonus
Choose the checking account that fits your needs—and enjoy a bonus either way. Both accounts come with a Mastercard® Debit Card, free e‑statements, and competitive rates.
Business Performance Checking
Our Business Performance Checking is designed for business owners who want to earn dividends on their balance and get discounted rates for bundled business services. This account is best if you have…
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- Robust banking needs
- More than $25,000 on deposit.
Earn a $1,000 Cash Bonus1
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- Maintain $25,000 for 60 days
- 1.00% APY2
- Online Banking + 5 debit purchases/month
- Business with Lafayette Private Wealth3
- Choose 2 Bonus Services
- Account open 90 days
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With Business Performance Checking, enjoy the benefits of up to two of the following services:
- Remote Deposit Capture Credit
- ACH Fee Discount
- Free Payroll (3 months)
- $450 Clover POS Rebate
- 0.25% Commercial Loan or Line Rate Discount
- Account open 90 days
Business Basic Checking
Designed for business owners who deposit less than 50 checks per month, our Business Basic Checking is best if you want to…
- Keep your balance below $25,000
- Take advantage of a simple banking experience
Earn a $250 Cash Bonus1
- Keep $5,000 for 60 days
- Online Banking + 5 debit purchases/month
- Account open 90 days
Partner with a credit union that gets you.
Secure your finances, streamline your cash flows, and save time on banking with Lafayette Federal Business Services. Get assistance with everything from payroll solutions to Cash Vault Services.
Take advantage of nation-leading rates & promising returns.
Secure the best rates for your Business Checking Account.
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Business Basic Checking |
N/A |
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1Lafayette Federal Business Basic account holders can waive the $5 monthly fee by meeting just one of the following criteria: (1) Maintain an average monthly checking balance of $500 or greater (2) Open a Lafayette Federal Business Credit Card or Line of Credit (3) Use one or more Lafayette Federal Business Service products (Remote Deposit Capture, ACH SmartPay, Paychex Payroll, or FirstData Merchant Services) |
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Business Basic Checking Minimal Opening Balance |
$100 |
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Business Basic Checking Monthly Maintenance |
$5 or $01 |
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Business Basic Checking Transactions |
First 50 Free |
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Business Basic Checking Dividend Returns |
Dividends on Certificate products |
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Business Basic Checking Per Item Charge |
$0.35 per item after 50 items |
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Business Basic Checking Bill Pay |
$5.00 |
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Business Performance Checking |
N/A |
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For more information on how your business can meet eligibility for Business Performance Checking, please contact Lafayette Federal’s Business Banking team at businessbanking@lfcu.org 2APY=Annual Percentage Yield |
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Business Performance Checking Minimum Opening Balance |
$1,000 |
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Business Performance Checking Monthly Maintenance |
$20 |
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Business Performance Checking Transactions |
Unlimited |
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Business Performance Checking Dividend Returns |
1.00% APY2 on Checking |
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Business Performance Checking Per Item Charge |
None |
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Business Performance Checking Bill Pay |
Free |
Businesses LOVE banking with Lafayette Federal.
Lafayette’s values stood out to us from the beginning. We wanted to work with a financial institution that not only rose to the occasion for our business but also one whose community values align with ours. The quality of their business services and financing capabilities have proved to match the quality of those values since we opened our accounts almost ten years ago. Lafayette is a perfect match for us!
Remodel USA
Meet with a Business Officer to get started.
Contact our Business Development Representatives for assistance opening your account. They’re happy to answer any questions that you may have!
Kevin Corey
Richard Switalski
Opening a Business Checking Account is easy.
Ready to get started? Gather the following documentation to open your account today:
- Certificate of Fictitious Name, Corporate Charter, Partnership Agreement or Articles of Incorporation.
- IRS letter for non-profit status (if applicable).
- Proof of physical address of the business.
- Identification for each owner, officer or authorized signer.
- Business TIN or EIN.
There’s even more to explore.
Business Credit Card
Increase your purchasing power with a Business Credit Card and earns travel rewards with no blackout dates on any airline!
Business Savings Accounts
Grow your business with strong savings. It’s time for a more business-friendly alternative to the high fees you’re used to getting at regular banks.
Ready to open an account?
Back to top Disclosures
1Offer valid through July 31, 2026. Lafayette Federal membership required. Cash bonuses are available for new Business Checking accounts only. Accounts must remain open for at least 90 days. Bonus will be deposited after all requirements are met. Requirements for Basic Business Checking: Open with minimum $1,000, maintain $5,000 balance for 60 days, enroll in Online Banking, and complete at least 5 debit card transactions per month during the qualifying period. Requirements for Business Performance Checking: Open and maintain $25,000 balance for 60 days, enroll in Online Banking, complete a Business Consultation with Lafayette Private Wealth, conduct at least 5 debit card transactions per month during the qualifying period, and select two Bonus Services. Bonus Services include Remote Deposit Capture credit, ACH Services fee discount, three months free Paychex Payroll, $450 rebate on eligible Clover POS devices, or 0.25% discount on qualifying commercial loans of $200,000.00 to $1,000,000.00 not to exceed a 60-month term. Additional terms, eligibility, and account fees may apply.
2Annual Percentage Yield. APY as of 2/11/26. Automatic payments may be required for some services. Offers subject to change without notice. $50 minimum balance required to open and earn 0.10% APY on Lafayette Federal share savings account balances. Federally insured by NCUA.
3Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC, and are not insured by credit union insurance, the NCUA or any other government agency, are not deposits or obligations of the credit union, are not guaranteed by the credit union, and are subject to risks, including the possible loss of principal. Investment Advisory services offered through Raymond James Financial Services Advisors, Inc. Lafayette Federal Credit Union and Lafayette Private Wealth are not registered broker/dealers and are independent of Raymond James Financial Services, Inc.
Lafayette Federal Credit Union and Raymond James have an agreement where LFCU refers potential clients for a referral fee. If you become a client, LFCU receives compensation, creating an incentive to you refer you and a conflict of interest. LFCU is not an advisory client of Raymond James. Detailed disclosures will be provided before any such compensation is paid.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
