Business Checking Accounts
Stay focused on your business goals with our easy banking solutions.
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.
Get quality service and banking to support your business finances everyday.
Both checking accounts offer our Mastercard® Debit Card, free e-statements, and highly 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…
- Robust banking needs
- More than $25,000 on deposit
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
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 |
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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 |
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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!
Ashley West
Michelle Michel Ramirez
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?
(301) 929-7990 ext. 3107
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.
