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checking
PERSONAL
At Lake Elmo Bank, we have taken extra care to make your account change process virtually Effortlesssm! Our bankers will work with you every step of the way to make sure your new account is opened and your automatic transactions are switched over.
All accounts receive monthly statements including printed images of cancelled checks. A minimum of $100 is required to open unless otherwise stated. Lake Elmo Bank offers the following accounts:
INTEGRITY CHECKINGsm
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Must maintain a $25,000 average ledger balance*
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No overdraft fees
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No below balance fee
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Free stop payments
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Free small Safe Deposit Box or equivalent credit
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Free personalized checks (standard design) or $10.00 credit toward design of your choice
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Free ATM transactions at any location
ATM surcharges may be assessed by non-Lake Elmo Bank ATMs
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Reimbursement of ATM surcharges - ISA fee excluded - transaction receipt required for reimbursement
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No Annual Fee LEB Personal Line of credit+
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Free domestic wires
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Free overdraft protection service (upon request)
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Free Online Bill Pay (upon request)
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Free cashiers checks and money orders
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Discount on Visa gift/travel cards |
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Discount on consumer loans+
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.25% rate increase over stated rates on new CDs (minimum of $10,000)
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Tiered interest rate - Earn our highest checking interest rate on balances of $25,000 or more***
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Interest compounded monthly.
*If average balance is not maintained, acccount will be reclassified and you will be notified with appropriate disclosure and effective date.
***Please refer to our Rate Chart for current interest rates.
+Loans and lines of credit are subject to credit approval.
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RELATIONSHIP CHECKINGsm
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Must have $5,000 in combined bank deposits**
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Below balance monthly charge of $12.00
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No Minimum Balance
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Earn a higher rate of interest***
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Unlimited check writing
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Free personalized checks (standard design) or $5.00 credit towards a design of your choice
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Safe Deposit Box discount of $10.00
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Free ATM transactions at any location
ATM surcharges may be assessed by non-Lake Elmo Bank ATMs
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Free Online Bill Pay (upon request)
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Free cashiers checks and money orders
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Discount on Visa gift/travel cards |
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Free overdraft protection service (upon request)
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Interest compounded monthly.
**Maintain a combined balance of $5,000 in your checking account and additional deposit accounts; including Certificates of Deposit, Savings, Money Market Savings and IRAs.
***Please refer to our Rate Chart for current interest rates. |
INTEREST CHECKING
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Minimum balance of $500
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Interest earned***
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Unlimited check writing
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Below balance monthly charge of $8.00 and $.25 per check/debit
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Free ATM transactions at any Lake Elmo Bank ATM location
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8 Free ATM transactions per month at any non-Lake Elmo Bank ATM; additional at $.50 each (ATM surcharges may be assessed by non-Lake Elmo Bank ATMs)
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Interest compounded monthly.
***Please refer to our Rate Chart for current interest rates.
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TRADITIONAL CHECKING
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No minimum balance
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Unlimited check writing
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Free ATM transactions per month at any Lake Elmo Bank ATM location
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4 Free ATM transactions per month at any non-Lake Elmo Bank ATM; additional at $.50 each (ATM surcharges may be assessed by non-Lake Elmo Bank ATMs)
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BENEFITS
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Free Online Banking (upon request)
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Free Check Images with monthly statement
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No Annual Fee Debit Card (upon approval)
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$5.00 credit on first order of checks (for new customers to Lake Elmo Bank)
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Overdraft Protection Service (upon request) |
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Discount on consumer loans with automatic payment deduction+
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+Loans and lines of credit are subject to credit approval.
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