Business Checking Accounts
Checking built around how you do business.
Designed to Keep Your Business in Check
Your business deserves an account that grows with your business. From startups to growing businesses, Lafayette Federal has the right account to streamline your everyday banking, so you can focus on what matters most.
Choose the Checking Account That’s Right for You
Whether you’re looking for a straightforward checking account for day-to-day banking or want to earn dividends on higher balances, Lafayette Federal has an account designed to help your business succeed.
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Ideal For
Ideal For
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Earns Dividends
Earns Dividends
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Bill Pay
Bill Pay
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Bundled Service Discounts
Bundled Service Discounts
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No Transaction Fees
No Transaction Fees
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Mastercard® Debit Card
Mastercard® Debit Card
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Access to 30,000+ Surcharge-Free ATMs
Access to 30,000+ Surcharge-Free ATMs
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Free eStatements
Free eStatements
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24/7 Online & Mobile Banking Access
24/7 Online & Mobile Banking Access
Business Performance Checking
Designed for businesses with higher balances and more robust banking needs
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Ideal For
Balances over $25,000
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Earns Dividends
✓
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Bill Pay
✓
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Bundled Service Discounts
✓
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No Transaction Fees
✓
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Mastercard® Debit Card
✓
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Access to 30,000+ Surcharge-Free ATMs
✓
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Free eStatements
✓
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24/7 Online & Mobile Banking Access
✓
Business Basic Checking
A simple, cost-effective checking account for everyday business banking
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Ideal For
Balances under $25,000
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Earns Dividends
Earns on certificate products
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Bill Pay
Available for fee
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Bundled Service Discounts
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No Transaction Fees
First 50 free
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Mastercard® Debit Card
✓
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Access to 30,000+ Surcharge-Free ATMs
✓
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Free eStatements
✓
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24/7 Online & Mobile Banking Access
✓
More Than Just a Checking Account
Your business needs more than a place to manage money. Lafayette Federal offers payment solutions, payroll services, ACH and wire services, and cash management tools that help you save time, improve efficiency, and focus on growing your business.
Business Credit Card
Increase your purchasing power with a Business Credit Card and earns travel rewards with no blackout dates on any airline!
Commercial Loans
Whatever your business goals may be, our flexible business lending solutions can help provide the financing your business needs.
Meet Your Business Banking Team
Having the right partner matters, get personalized support from Business Banking professionals who are committed to helping your business thrive.
Kevin Corey
Ready to Open Your Account?
Trusted by Local Businesses
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
FAQs
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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 |
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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 |
- 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.
If your business maintains higher account balances and wants to earn dividends while enjoying bundled service discounts, Business Performance Checking may be the right choice. If you’re looking for a simple, cost-effective account for everyday banking needs, Business Basic Checking offers an affordable solution with essential banking features.
Our business checking accounts are available to a variety of business structures, including sole proprietorships, partnerships, corporations, limited liability companies (LLCs), nonprofit organizations, and other eligible business entities.
Yes. All business checking accounts include secure 24/7 online and mobile banking access, allowing you to view balances, transfer funds, monitor transactions, and manage your accounts anytime, from virtually anywhere.
Yes. Both Business Performance Checking and Business Basic Checking include a Mastercard® Business Debit Card, giving you convenient access to your funds for everyday business purchases and ATM withdrawals.
Yes. As your business grows and your banking needs evolve, our team can help you transition to the account that best supports your current goals and financial activity.
Yes. Business checking account holders can access ACH and wire transfer services to help streamline payroll, vendor payments, receivables, and other business transactions.
Lafayette Federal combines competitive business banking solutions with personalized service from experienced professionals who understand the needs of local businesses. Whether you’re just getting started or managing a growing company, we’re committed to helping you simplify banking, manage cash flow, and achieve your business goals.
Not finding what you’re looking for? Contact us
Back to top Disclosures
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.
