Questions members frequently ask about Business Checking Accounts

Why does my company have to pay a per item fee?
The higher transaction volume of business accounts and the associated processing costs necessitate a per item fee. When you compare our per item fee to other financial institutions, you'll find Lake Trust is much lower.

How can I avoid paying a monthly maintenance fee?
There's no monthly maintenance fee when you maintain the minimum balance in your Lake Trust Business Checking Account or Business Deposit Accounts.

What Deposit Accounts qualify for the minimum balance?
You can spread the balance among any of the following Deposit Accounts - Savings, Checking, Certificates of Deposit, Money Markets, and Holiday Savings.

Do I need to enclose a deposit slip with my night deposits?
A deposit slip is not required, but we encourage you to enclose one with night deposits.

How can I access my Business Checking Accounts electronically?
You have 24-hour access to your business accounts through Lake Trust's Internet Banking, Phone Banking, or your Business Debit Card.

Is overdraft protection available for my Business Checking Account?
Yes, when you set up your new account, you can opt for overdraft protection for your Business Checking Account so it's available when you need it. Then, if funds aren't available in your Checking Account to cover check(s) or electronic transaction(s), funds are automatically transferred from your Savings Account. There's a fee of $10 per day, when overdraft protection is used, no matter how many checks or electronic transactions.

Where can I make my business account night depository drop?
Lake Trust has night depository boxes at the following locations: Main Office, West Saginaw, DeWitt, Okemos, South Lansing, Grand Haven, Holland and Jenison.

Mon - Fri • 8:30a - 5:30p