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Get $50 When You Open a New Checking Account! 

All Checking Accounts Include The Following Benefits:

  • No per check fees or limits on check writing
  • Free Visa Check card or ATM card
  • Unlimited free use of the Visa Check card or ATM card for purchases
  • Unlimited free use of the ATM located at the Credit Union office
  • Access your account 24 hours a day through Touch Tone Teller or Online Banking (with Free Mobile Banking)
  • Deposit cash and/or checks at Co-Op's Shared Deposit ATM's (ATM's owned by other financial institutions). Funds are credited to your LM Federal account within 3 business days. Click here to search for a Co-Op Shared Deposit ATM near you.
  • Internet Bill Payment - Use our secure bill payment service free of charge! Forget about the hassle of buying stamps and mailing payments.
  • Make up to 4 foreign ATM withdrawals per month without a Credit Union fee (8 per month with Silver Rewards, 12 per month with Gold Rewards)*. See our list of no-surcharge ATM's. You may use the Credit Union's ATM or any one of the Co-op Network's more than 25,000 ATM's nationwide without paying a surcharge (including ATM's located in 7-11 convenience stores).
  • Receive Membership Rewards such as free cashier's checks, discounted money orders, free stop payments, free incoming wires, free Visa or ATM card replacement, and discounted or free check orders with Silver or Gold rewards*
  • Monthly statement listing all accounts
  • Overdraft protection available from: 
              -Share/savings account (limited to 3 transfers monthly) 
              -Rediline overdraft loan (subject to approval)
  • Deposit by direct deposit or payroll deduction (from any organization), the mail or in person

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LM Federal offers three types of checking accounts:

FREE CHECKING:

  • No minimum balance and no monthly service fee
  • Make up to 4 ATM withdrawals monthly without a Credit Union fee
  • The initial order of checks is provided no charge
  • The perfect account for students and those who want to avoid paying a monthly fee!
  • Not eligible for free services offered within Membership Rewards*

Open a Checking Account

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REGULAR CHECKING:

  • No monthly service charge if:
    • You maintain a $500 average monthly balance in checking, OR
    • You maintain $2,500 in average balances in all your accounts, OR
    • You are under age 23 or over age 61
  • Initial order of standard checks is provided no charge
  • We'll pay you up to $10 for your old checks (or $.10 per check)
  • Eligible for free and discounted services within Membership Rewards

Open a Checking Account

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INTEREST CHECKING:

  • Interest paid monthly on the average daily balance
  • No monthly service charge if:
    • You maintain a $1,000 average monthly balance in checking, OR
    • You maintain $25,000 in average balances in all your accounts
  • Initial order of standard checks is provided no charge
  • We'll pay you up to $10 for your old checks (or $.10 per check)
  • Eligible for free and discounted services within Membership Rewards

Open a Checking Account

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CHECKING ACCOUNT COMPARISON TABLE

Account Features

Free Checking

Regular Checking

Interest Checking

ATM or Visa Check Card Access

Yes

Yes

Yes

Access through Online Banking and Touch Tone Teller

Yes

Yes

Yes

Free Access To
Internet Bill Pay

Yes

Yes

Yes

Earn Interest

No

No

Yes

Waiver of Monthly Service Fee

N/A

Fee waived if:

You maintain a $500 average monthly balance in checking,

OR

You maintain $2,500 in average balances in all your accounts,

OR

You are under age 23 or over age 61

Fee waived if:

You maintain a $1,000 average monthly balance in checking

OR

You maintain $25,000 in average balances in all your accounts

Eligible for Membership Rewards Checking Benefits?*

No

Yes

Yes

Initial order of free checks?

Yes

Yes

Yes

Eligible for buyback of old checks?

No

Yes

Yes

Dormant Account Fee

Yes
(See fee schedule)

None

None

* Free services are offered within the Membership Rewards program. Free Checking accounts are not eligible for checking related free or discounted services within Membership Rewards.

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VISA CHECK CARD

  • The Visa Check Card lets you deduct purchases from your Checking account. Forget about the hassle of remembering a personal identification number. Simply swipe your card, choose "Credit", sign and you're good to go!
  • Use your Visa Check Card to pay for goods and services wherever the Visa symbol is displayed. Over 18 million locations worldwide! This includes purchases made by telephone or the Internet. Your liability for unauthorized purchases? $0
  • Use as an ATM card at any Star, Honor, Cirrus or Visa ATM
  • Get a receipt with every purchase and detail of all transactions in your monthly statement
  • The Visa Check Card is more readily accepted by merchants who display the Visa symbol than checks, especially in other parts of the U.S.A. or the world
  • Using your card for travel means you may not have to stock up on travelers checks or cash
  • The Visa Check Card has no monthly or transaction fee
  • Take advantage of periodic Credit Union Visa purchase cash back promotions

If you already have a credit union checking account and would like to apply for a Visa Check Card, click here.

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TRADITIONAL ATM CARD

If you don't want a Visa Check Card, we offer a traditional ATM card to access funds from your savings or checking account. Your ATM card is accepted at any ATM displaying the Star, Honor or Cirrus network logos. You may also use your ATM card to pay for goods or services at any merchant that accepts the Star ATM card. If you would like to apply for an ATM card and you already have a checking account, you can complete the application by clicking here. You may then fax, mail or drop off the form to our office.

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YOUR SATISFACTION IS GUARANTEED!!

If you are unsatisfied with your LM Federal checking account FOR ANY REASON within 90 days of opening and wish to close, we will refund any monthly service fee(s) paid. You're out of pocket cost? $0!

With LM Federal checking you receive a special checkbook. When you write a check you are also making a carbon check duplicate. Your original canceled check is not returned to you: the carbon duplicate is for your records. No longer do you need worry about writing a check and forgetting to enter it in your check register. You may receive two or more legal photocopies of checks paid per year if needed at no charge (free if you are audited). By not returning canceled checks LM Federal can offer lower cost accounts than those available at other financial institutions.

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Note; I/we authorize the Credit Union to obtain a consumer credit report in order to evaluate my request for a checking account and/or access card in connection with this application and for any update, renewal or reconsideration required. You may request the name, address, and phone number of any credit bureau from which the Credit Union received a consumer report.


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NCUALOGO ©2002 Membership Marketing Support Services
& LM Federal Credit Union
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