Checking
- No minimum balance
- No monthly fee
- Earn dividends
- Free online banking
- Free mobile deposit
Enjoy additional free services with Relationship Checking.
Full Rate Details
Account DisclosuresOpens in New Window
Order ChecksOpens in New Window
Our checking account offers the conveniences of bank checking, plus these very distinct advantages:
No Minimum Balance Requirements. No Monthly Maintenance Fees. Earn Dividends.
Don't stress about maintaining a certain balance in your checking — there is no minimum balance required for our checking account. Maintenance fees? None here! Ditch the big banks and enjoy our strictly no-fee checking account.
Ready for the best part? Take advantage of our NEW 2.02% APY* High-Yield Checking on checking account balances up to $25,000 with a monthly qualified direct deposit of $500 or more.***
Effective Dec 1, 2022
| Balance | Min to Open | Dividend | APY* |
|---|---|---|---|
| All Balances | $5** | 0.025% | 0.025% |
| $0 - $25,000 | $5** | 2.00% High-Yield*** | 2.02% High-Yield*** |
30,000+ Surcharge-Free ATMs. 5,000+ Shared Branches.
Access an extensive network of surcharge-free ATMs and shared branches across the country and around the world.
With the CO-OP network, you have access to an extensive network of over 30,000 surcharge-free ATMs worldwide including locations at popular retailers such as 7-Eleven, Royal Farms, Wawa, Costco, Dunkin Donuts and Rite-Aid.
Plus, with our shared branch network, you can conduct your Lafayette Federal banking in more than 5,000 shared branches, accessible in every state across the country, and around the world. Learn more about shared branches.
Features For Your Peace of Mind.
Overdraft Protection.
Protect yourself from accidental overdrafts with our overdraft protection. Lafayette Federal offers members a variety of overdraft protection options including Courtesy Pay and REDI-CASH. Learn more about our overdraft protection options.
Account and Card Alerts.
Stay on top of your account, debit card, and credit card activity with Lafayette Federal's account alerts! Register for a range of customizable alerts, and receive a text message or email on your account activity. Learn more and sign up for alerts.
Federally-Insured Funds.
Stress less knowing your money is protected. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government.
Online Account Management.
With our fully-upgraded Online Banking & Mobile App, you've got complete control of your finances, all in one place. Enjoy new and improved features in our up-to-date platform. Learn more about our online banking and mobile app.
Apple PayTM, Google PayTM, and Samsung PayTM
Easy. Private. Secure.
Use Apple Pay, Google Pay, or Samsung Pay with your compatible device to pay in stores without swiping your cards and in apps without entering payment and contact information.
To get started, simply download your respective app, and enter the requested information. You will then be prompted to call the phone number that appears to validate your card and complete the enrollment process. This process will take 5 to 10 minutes to complete, and you will be asked to verify your most recent transaction (so have that handy). After the merchant name and amount is provided, your card will be verified and ready for use.
Award-Winning Service.
A tribute to our members' unwavering support and steadfast loyalty.
Since 1935, Lafayette Federal Credit Union has been dedicated to providing its members with the means to achieve financial security and independence. Each year, we have built upon our accomplishments to remain one of the premier financial institutions in the DC Metro area.
Plus, enjoy our Mastercard® Debit Card and Free Services with Lafayette Federal’s Tiered Checking:
Our debit card allows you to make purchases and get cash anywhere Mastercard®, Cirrus, Credit Union 24 or Member Access cards are accepted. Request one when you open your checking account.
In addition to the ATMs at our branch locations‚ and a number of credit union owned ATMs throughout the D.C. area, our members have access to an extensive network surcharge-free ATMs worldwide.
Enjoy More Free Services with Relationship Checking
Our Relationship Checking program rewards those members who choose to maximize their financial relationship with us. If you have a checking account with direct deposit, you may qualify for a Checking Account that provides an attractive package of rewards. And the more rewards you get, the more money you save and earn.
There are four different levels of relationship checking:
- Presidential
- Premier
- Preferred
- Basic
Relationship Checking
| Benefit | Basic | Preferred | Premier | Presidential |
|---|---|---|---|---|
| Bill Pay with no fee | x | x | x | x |
| Identity Theft Security (ID Restoration FREE for 6 months/ID Protect Plus FREE for Presidential) | x | x | x | |
| Incoming wire (no fee) | x | x | ||
| Cashiers check (no fee) | x | x | ||
| Stop payment order (no fee) | x | x | ||
| Share draft photocopy (no fee) | x | x | ||
| Replacement ATM/debit card (no fee) | x | x | ||
| Replacement ATM/debit PIN (no fee) | x | x | ||
| $5 credit for purchase of checks | x | |||
| Verification of deposit (no fee) | x | |||
| Statement photocopy (no fee) | x | |||
| NEW- Four boxes of checks per year** | x |
ALL LEVELS*:
Lafayette Federal Checking with Qualified Direct Deposit is required
PRESIDENTIAL CHECKING:
Combined average monthly share and loan balance of $500,000+ with at least $20,000 in deposits is required
PREMIER CHECKING:
Combined average monthly share and loan balance of $250,000+ with at least $5,000 in deposits is required
PREFERRED CHECKING:
Combined average monthly share and loan balance of $10,000+ with at least $1,000 in deposits is required
BASIC CHECKING:
Lafayette Federal Checking Account with Qualified Direct Deposit is required
Open Today.
We have eight convenient locations in the D.C. metropolitan areaOpens in New Window where our branch staff will be happy to assist you through the account opening process, and answer any questions that you may have.
Full Rate Details
Account Disclosures
Order ChecksOpens in New Window
Knowledge is power. Be in the know for financial betterment.
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Enjoy our 2.02% APY³ Checking — a premium rate 50 times higher than the national average¹
Simple terms, outstanding rate
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Our members have access to 30,000+ surcharge-free ATMs and 5,000+ shared branches for all basic transaction needs.
Access branches and ATMs nationwide
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Lafayette Federal HomeAdvantage is a free member service that can help you buy, sell and save on your home.
Save $100s to $1,000s in Cash Rewards*
Federally Insured by NCUAOpens in New Window
Equal Opportunity Employer | E-Verify EmployerOpens in New WindowSite by VisionsOpens in New Window