Business Checking

Comparison Chart

Basic Business Checking

This account is designed for any business with low monthly transaction activity. Make your money work for you by reducing service charges and eliminating minimum balance requirements.

$100 minimum balance to open account
No minimum daily balance
50 transaction limit

Transactions include checks, mobile deposits, telephone transfers, in-branch withdrawals, night depository or in-branch deposits. If you exceed the transaction limits during the statement cycle there will be a service charge of $0.50 for each item in excess of the limit.

Preferred Business Checking

This low balance account accommodates businesses that enjoy the use of debit card transactions, accept debit and credit card processing and have moderate monthly transactions activity.

$1,000.00 minimum daily balance
150 transaction limit

Transactions include checks, mobile deposits, telephone transfers, in-branch withdrawals, night depository or in-branch deposits. Items contained within a deposit, excluding cash, will included in the total transaction count. If you exceed the transaction limit during the statement cycle there will be a service charge of $0.50 for each item in excess of the limit. If the daily balance falls below $1,000.00 during the statement cycle there is a $15.00 monthly service charge.

Business Select Checking

Increase your bottom line by reducing the service charges and manage the minimum balance being maintained in your account.

$100 minimum balance to open account
Service Charge..............$10.00
Checks Deposited.........$ 0.05
Deposits/Credits...........$ 0.10
Check/Debit...................$ 0.10

To help offset the fees listed above you will receive an earnings credit on the average collected balance maintained in your business account on a monthly basis. The calculated earnings credit helps pay off or pay down your monthly calculated service charges.

A detailed account analysis of all of the activity and charges associated with your account is available upon request. Use the account analysis to determine if excess funds can be invested in another account or back into your business.

Business Select Plus Checking

Add value to your account by keeping your money in one place and earn a tiered interest rate on your operating dollars.

$25,000 minimum balance to open account
$25,000 daily balance required to avoid a fee
Service Charge..............$10.00
Checks Deposited.........$ 0.05
Deposits/Credits...........$ 0.10
Check/Debit...................$ 0.10

If the daily balance falls below $25,000.00 during the statement cycle there is a $15.00 monthly service charge.

Municipal Checking

Bank of Luxemburg offers an array of accounts and services for cities, towns, villages and school districts in the area.

$100 minimum balance to open account
No minimum daily balance
No monthly service charge
Tired rate of interest

Non-Profit Checking

Bank of Luxemburg supports the efforts of non-profit organizations to build stronger communities for us all. Open your Non-Profit Checking account today and take advantage of these great benefits.

$100 minimum balance to open account
No minimum daily balance
No monthly service charge
Tired rate of interest
Unlimited check writing
Unlimited electronic transactions

Complement your account with any of the following services:

Debit Card
Online Banking
Mobile Banking
eStatements
24 Hour Telephone Banking

Let us review your current bank accounts and evaluate which account is right for you. Stop by or call a Bank of Luxemburg office nearest you and ask about these and other available services.