Our products are structured according to the volume of transactions a business creates. Our products also offer special features like Visa® Debit Cards, E-Deposit and Online Banking.

 

Small Business Checking*

*Lake Central Bank reserves the right to require high activity customers to move into a Business Checking Account.

  • Free Safekeeping of Checks
  • Return item fee / Overdraft fee- $20 per item
  • 100 debits free per statement cycle
  • $.25 per debit in excess of 100
  • 100 credits free per statement cycle
  • $.25 per credit in excess of 100

 

Non Interest Bearing


$500 minimum balance to avoid maintenance fee:

      • $5 per statement cycle, with returned check images
      • $3 per statement cycle, without returned check images

 

Interest Bearing (qualifying businesses only)


$1,000 minimum balance to avoid maintenance fee:

      • $10 per statement cycle, with returned check images
      • $8 per statement cycle, without returned check images

Interest compounded and credited monthly.

Business Checking


This account is designed for our average to large volume businesses.
Activity Charges* (settled monthly):

            • $10 monthly maintenance fee
            • $.10 per Check/Debit
            • $.15 per Deposit/Credit
            • $.04 per deposited local item
            • $.08 per deposited transit item
            • Rolled Coin Fee: $.10 per roll
            • Extra Statement Cycle $7.50

 

*Earnings Credit Allowance will offset activity charges.

Return item / Overdraft fee – $30 per day
Interest bearing account available for qualifying businesses only.

Community Checking


This account is offered on a limited basis to non-profit organizations with small or seasonal volumes of transactions

            • No minimum balance required
            • No maintenance fees
            • Non-interest bearing
            • $2 per statement cycle with returned check images
            • Overdraft – $30 per day

For more information, please Contact Us