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Business Checking Accounts
Lake Trust has everything you need to handle day-to-day finances. Call 517.267.7200 or 888.267.7200 or stop in at a Lake Trust branch to learn more details about our business checking options.
| Account | Basic Business Checking | Premier Business Checking | Business Interest Checking |
| Minimum balance to open | $50.00 | $50.00 | $50.00 |
| Daily Balance to Avoid Maintenance Fee | $500 minimum balance or $3,000 in combined Deposit Accounts** | $1,000 minimum balance or $5,000 in combined Deposit Accounts** | $5,000 minimum balance or $30,000 in combined Deposit Accounts** |
| Monthly Account Maintenance Fee | $7.00 | $10.00 | $25.00 |
| Activity Charge* | First 75 items FREE / $.15 per item thereafter | First 250 items FREE / $.15 per item thereafter | First 500 items FREE / $.15 per item thereafter |
| Monthly Interest Paid | None | None | Yes*** |
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Business Checking account documentation
Contact a Lake Trust business account specialist
Business Checking frequently asked questions
*Items include checks deposited, checks cleared, and ACH debits and credits to Checking Accounts. Internet Banking, Automated Phone Banking, Business Debit Card purchases, and transfers between Lake Trust accounts are not considered items.
**The qualifying Deposit Accounts include all Savings, Checking, Certificates of Deposit, and Money Markets.
***The Average Daily Balance is calculated by adding the balance at the end of each day during your statement cycle and dividing it by the number of days in that cycle.
Business must be located in the United States. Business accounts are not a part of any club program.
NOTICE OF CHANGES IN TEMPORARY NCUA INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA’s general share insurance rules.
The term “noninterest-bearing transaction account” includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal (”NOW”) account, money-market deposit account, and Interest on Lawyers Trust Account (”IOLTA”), even if share drafts may be drawn on the account. For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov.
501 S. Capitol Ave., Lansing, Michigan 48933-2320 | Phone: 888.267.7200 | Routing Number 272078268
NCUA - 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. Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act