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Serving members worldwide since 1935.

Checking

  • No monthly fee
  • No minimum balance
  • Free online banking
  • Free mobile deposit

Enjoy additional free services with Relationship Checking.

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Our checking account offers the conveniences of bank checking, plus these very distinct advantages:

No Minimum Balance Requirements.

Don't stress about maintaining a certain balance in your checking account — there is no minimum balance required for our checking account.

No Monthly Maintenance Fees.

There are no maintenance fees for this account — it's strictly a no-fee checking account.

Dividends.

Funds in your checking account earn dividends from the date of deposit.

Effective Jan 1, 2021

Balance Min to Open Dividend APY*
All Balances $5** 0.025% 0.025%
$0 - $25,000 $5** 1.00% Bonus*** 1.00% Bonus***
*APY=Annual Percentage Yield. **Plus cost of check style selected. ***The bonus dividend rate of 1.00% APY is for primary checking balances up to $25,000, and is in addition to the base rate of 0.025% APY. Business Checking Accounts are excluded. To earn the 1.00% APY² bonus rate, member must maintain at least one (1) qualified direct deposit of at least $500 per month. Qualified direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking account on a month-to-month basis made by an outside organization or agency. Dividends are compounded and credited quarterly.

Surcharge-Free ATMs.

Access an extensive network of ATMs around the world surcharge-free.

With these networks, you have access to an extensive network of surcharge-free ATMs worldwide including locations at popular retailers such as 7-Eleven, Circle K, Costco, Publix, Dunkin Donuts and Rite-Aid.

Find a Surcharge-Free ATM

Plus, enjoy a number of features you've come to appreciate:


REDI-CASH Overdraft Protection Line of Credit is an open-ended line of credit used in conjunction with a checking account. This protection is activated when you overdraw your account. That means no more bounced checks!

There's no charge to open an Overdraft Protection Line of Credit account. Finance charges accrue only when the account is activated. You must have a checking account and qualify for a minimum line of credit. Maximum line of credit is $30,000.

Learn about other Overdraft Protection Options

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.

Stay on top of your debit card activity with Lafayette Federal's Mastercard® Alerts! Register for a range of customizable alerts for your debit card, and receive a text message or email when your card is used.

Once you complete the secure registration process, you may set notifications for transaction types and dollar amounts regarding:

  • Purchases over a selected amount
  • International purchases
  • Declined transactions
  • Withdrawals and transfers
  • And more!

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:

  1. Presidential
  2. Premier
  3. Preferred
  4. Basic
If you participate in relationship checking, your current level is indicated on your account statement every month. Take a look at the chart to see how you can qualify for each rewards level and its money-savings benefits!

Relationship Checking

BenefitBasicPreferredPremier Presidential
Bill Pay with no fee
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Identity Theft Security
(ID Restoration FREE for 6 months/ID Protect Plus FREE for Presidential)

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eZforex foreign currency purchase discount delivery
(one FREE delivery per year)

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Incoming wire (no fee)


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Cashiers check (no fee)


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Stop payment order (no fee)


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Share draft photocopy (no fee)


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Replacement ATM/debit card (no fee)


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Replacement ATM/debit PIN (no fee)


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$5 credit for purchase of checks


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Verification of deposit (no fee)



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Statement photocopy (no fee)



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NEW- Four boxes of checks per year**


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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

*Eligibility criteria for rewards level re-evaluated on a monthly basis. Rewards subject to change based on eligibility. Qualified Direct Deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking account on a month-to-month basis made by an outside organization or agency. **Basic checks only.
Have Questions? Just ask.

Full Rate Details
Account DisclosuresOpens in New Window
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  • Holiday Loan 2021

    Wrap your holiday expenses into a great-rate Lafayette Federal Holiday Loan!

    Rates as low as 4.74% APR*

  • 1% Checking

    Enjoy our 1.00% APY² Checking Account Bonus — earn an outstanding rate with simple terms.

    Maximize your hard-earned dollars

  • atm-cash-withdrawal

    Our members have access to Co-Op Network Shared Branches & ATMs for all basic transaction needs.

    Access branches and ATMs nationwide