Checking / Money Market
From low-transaction volumes to remote deposit capture, take advantage of Lake National Bank’s checking options that are designed to fit your business needs.
|Basic Business Checking||Tech Savvy Checking||Analyzed Checking||Business NOW Checking|
|Best For:||Low-transaction volumes that do not want to worry about maintaining a minimum balance.ACH origination and remote deposit capture can be added.||Account includes ACH origination & remote deposit capture||ACH origination and remote deposit capture can be added.Pricing is per transaction.
An earnings credit rate, based on balances maintained in the account, can offset fees.
|Nonprofit customers only.Interest is earned on this account.|
|Service Fee:||$0||$75 / $125 monthly||$10 maintenance monthly$0.30 per deposit
$0.20 per debit and deposit item
$0.15 per ACH received debit or credit
|$0$5.25 plus $0.25 for each transaction if $1,000 balance is not maintained|
|Volume of Transaction:(transactions include deposit tickets, checks behind the deposit, checks paid, ACH received debits & credits)||500$0.15 for each transaction in excess of 500||1,000$0.15 for each transaction in excess of 1,000||Unlimited||Unlimited|
|Minimum Balance Required:||None||To obtain the lower price, the minimum balance is $20,000||None||$1,000|
|Opportunity to Offset with Compensating Balances:||No||No||Yes||No|