Checking

Everyone’s banking needs are different.  At Lake Elmo Bank we have designed checking accounts to accommodate your lifestyle and financial needs.  Please contact a Personal Banker at 651.777.8365 for more information.

All accounts receive monthly statements. A minimum of $100 is required to open all checking accounts unless otherwise stated.

Integrity Checking

  • Must maintain a $25,000 average ledger balance.*
  • No overdraft fees.
  • No below balance fee.
  • Free stop payments.
  • Free small Safe Deposit Box or equivalent credit.
  • Free personalized checks (standard design) or $10.00 credit toward design of your choice.

ATM Fees

  • Free ATM transactions at Lake Elmo (LEB) ATMs.
  • No LEB fee for ATM transactions at any location.
  • ATM surcharges unrelated to our accounts may be assessed by out of network ATMs.
  • Debit/ATM ISA, International Service Assessment fee may be charged.
  • Reimbursement of ATM surcharges.
    Transaction receipt required for reimbursement of ATM surcharges upon request.

Other Benefits

  • Free domestic wires.
  • Free overdraft sweep/transfer (upon enrollment).
  • Free Online Banking (upon enrollment).
  • Free Online Bill Pay (upon enrollment).
  • Free cashier’s checks.
  • Discount on Visa® gift cards.
  • .25% rate increase over stated rates on new CDs (minimum of $10,000).
  • Tiered interest rate – Earn our highest checking interest rate on balances of $25,000 or more.**
  • Free check images with monthly statements.

Interest compounded monthly.
* If average ledger balance is not maintained, account will be reclassified and you will be notified with appropriate disclosure and effective date.
**Please refer to our Rate Chart for current interest rates.  Fee may reduce earnings.

Relationship Checking

  • Must maintain $5,000 in combined bank deposits.*
  • Below balance monthly charge of $15.00.
  • No Minimum Balance.
  • Interest earned.**
  • Unlimited check writing.
  • Free personalized checks (standard design) or $5.00 credit towards a design of your choice.
  • Safe Deposit Box discount of $10.00.

ATM Fees

  • Free transactions at LEB ATMs.
  • No LEB fee for transactions at any ATM location.
  • ATM surcharges unrelated to our accounts may be assessed by out of network ATMs.
  • Debit/ATM ISA, International Service Assessment fee may be charged.

Other Benefits

  • Free Online Banking (upon enrollment).
  • Free cashiers checks.
  • Discount on Visa® gift cards.
  • Free overdraft sweep/transfer (upon enrollment).
  • Free check images with monthly statements.
  • Free Incoming Domestic Wires

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. HSA balances excluded.
**Please refer to our Rate Chart for current interest rates.  Fees may reduce earnings.

Interest Checking

  • Minimum balance of $500 to avoid below balance monthly charge.
  • Interest earned.*
  • Unlimited check writing.
  • Below balance monthly charge of $10.00.

ATM Fees

  • Free ATM transactions at LEB ATMs.
  • No LEB fee for 8 non-LEB ATM transactions monthly; additional at $2.00 each.
  • ATM surcharges unrelated to our accounts may be assessed by out of network ATMs.
  • Debit/ATM ISA, International Service Assessment fee may be charged.

Other Benefits

  • Free check images with monthly statements.
  • Free Online Banking (upon enrollment).

Interest compounded monthly.
*Please refer to our Rate Chart for current interest rates.  Fees may reduce earnings.

Traditional Checking

  • No minimum balance.
  • Unlimited check writing.
  • E-statement provided free of charge, upon enrollment. Requires online banking.
  • $3.00 monthly fee for paper statement (no images) – standard.
  • $5.00 monthly fee for paper statement (with images) – upon request.

ATM Fees

  • Free transactions at LEB ATMs.
  • No LEB fee for 4 non-LEB ATM transactions monthly; additional at $2.00 each.
  • ATM surcharges unrelated to our accounts may be assessed by out of network ATMs.
  • Debit/ATM ISA, International Service Assessment fee may be charged.

Encore Club

Our Encore Clubsm is designed for people age 60 and above.  We have a variety of accounts designed to meet the individual needs of all customers.  Select any of our checking or saving accounts and you are entitled to Encore Clubsm benefits:

  • One free box of personalized checks (standard design) or $5.00 credit towards a design of your choice per year.
  • Free cashiers checks.
  • Special invitations to outings and seminars.

Interest Checking – when you choose this account and have automatic deposit or payroll or social security we will waive the minimum balance requirement and Lake Elmo Bank ATM fees (Debit/ATM ISA, International Service Assessment fee excluded).  Surcharges unrelated to Lake Elmo Bank may be assessed by non-Lake Elmo Bank ATMs.  Please see Interest Checking for additional details.  Existing account holders must request account type change.


All LEB Checking Accounts Receive:

  • Free Online Banking (upon enrollment).
  • No Annual Fee Debit Card*
  • $5.00 credit on first order of checks (unless otherwise stated).**

*Upon approval.
**For new customers to Lake Elmo Bank.

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