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Personal Checking

Everyone’s banking needs are different

At Lake Elmo Bank (LEB), we have designed four different checking accounts to accommodate your lifestyle and financial needs.  Review options below and please contact a Personal Banker at 651.777.8365 for more information.

All Lake Elmo Bank Checking Accounts Receive:
  • Free Online & Mobile Banking (upon enrollment).
  • No Annual Fee Debit Card (upon approval).
  • $5.00 credit on first order of checks for new LEB customers.
  • A minimum of $100 is required to open all checking accounts unless otherwise stated.
  • 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. Fees may reduce earnings.
  • 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.
  • 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.
  • No minimum balance.
  • Unlimited check writing.
  • eStatement 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.
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.
As an Encore Club member, select Interest Checking and have your payroll or social security automatically deposited and 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.
For more information on miscellaneous fees.
For more information on our checking accounts contact us at 651.777.8365