Small Business Checking Account
DESCRIPTION
This checking account is designed for the small business owner with a limited number of transactions and deposits per month. Members have access to e-Banking, 24 Hour Phone Teller, electronic federal tax deposits and multiple branch locations.
GENERAL OPTIONS
- Minimum opening balance - $100
- Merchant services available
- Non-Interest bearing
- No service charges, unless:
- The balance falls below $500 during the month – then a $5 monthly fee applies
- Checks written in excess of 50 are charged $0.10 each and deposited items in excess of 50 are charged $0.12 each
- VISA® Check Card available for purchases and cash withdrawals from ATMs
- ATM (foreign) withdrawals – 5 free per month; $1.00 each thereafter
- Cash back from participating point-of-sale (POS) merchants
- Account access through our 24 Hour Phone Teller and e-Banking account access
- Overdraft protection available
- Monthly statements are generated at the end of each month
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OPEN A NEW ACCOUNT
Who can open a Small Business Checking account with Les Bois FCU?
Businesses within our field of membership and their family members. Employers of current members and member prospects within our field of membership. Any Business that acquires a loan from us.
What are the benefits of a Les Bois FCU Small Business Checking account?
This account has a low minimum monthly balance requirement, and a generous checks written/deposited limit for business accounts with a lower transaction volume.
Won’t it be a hassle to switch my existing business account?
We can make it really easy for you. We can open your accounts with a minimum deposit and get the checks ordered before you close out your accounts at the other financial institution.
Minimum Monthly Balance to avoid monthly service fee $500
or Average Aggregate LBFCU Deposit Balances* $5000
Monthly Service Fee $5.00
Free Written Checks Cleared Monthly 50
Free Items Deposited Monthly 50
Other Checking Account Service Charges
Overdraft Checks Paid or Returned $29.00
Auto-Transfer from Savings (to cover NSF checks) $2.00
Manual Transfer from Savings (to cover NSF checks) (free on-line) $5.00
Items Deposited and Returned
2nd Party $5.00
Yours on another account $29.00
Stop Payment Fee $29.00
Charge for Excess Checks Written (per check cleared) $0.10
Charge for Excess Deposit Items (per check deposited) $0.12
Cash Handled (per 1,000) $0.75
Coin Furnished (per roll) $0.05
Coin Deposited – Rolled (per roll) $0.05
Coin Deposited – Unrolled (percentage of amount handled) 2.00%
Check Printing (depends on style) Check Copy (each) (free on-line) $2.00
Statement Copy (per statement period) (free on-line) $2.00
Account Activity Printout (per statement period) (free on-line) $2.00
Photocopies (per page) $2.00
Visa Check Card Issuance $0.00
Visa Check Card Replacement $5.00
Wire Fees (no charge for incoming wires)
Outgoing – Domestic $15.00
Outgoing – International $25.00
*Average Aggregate LBFCU Deposit Balances = Average daily balance of all savings & Certificate balances under same LBFCU business account number.