Lakestone Bank & Trust has a variety of personal checking accounts to meet your needs. These accounts come with online, mobile and text banking, bill pay, eStatements, Direct Line telephone banking, debit card and Courtesy Overdraft Protection(3).
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Minimum Opening Deposit
Minimum Daily Balance
Monthly Service Charge
Student Benefits Checking
(1) Paper Statements $3
(1) Paper Statements $3
Prestige & Prestige Plus Checking
$500 - Prestige $0 - Prestige Plus
$5 - Prestige (4) $4 - Prestige Plus
Green Rewards Checking
(2) Paper Statements $3
$25 below $3,000 (4) $15 - $3,000 - $9,999.99
2nd Chance Checking
$8 w/ eStatements $11 w/ paper statements
(1) eStatements are required.
(2) eStatements are required. Higher interest rates will be paid for accounts that meet the monthly qualifications. See account details.
(3) Courtesy Overdraft Protection is subject to qualification. If you overdraw your account, and we pay your overdraft, we will charge you $30 for each debit that caused or added to the overdraft. Debits include checks, in person withdrawals, ATM withdrawals or other electronic items. You must pay any overdraft and any applicable fees immediately without demand from us. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically will not pay any overdraft if your account is not in good standing. For overdraft privilege consideration, an account is in“good standing” if you (1) deposit enough money to bring your account to a positive end-of-day balance at least once every 30 calendar days (including the payment of all bank fees and charges); (2) avoid excessive overdrafts suggesting the use of Courtesy Overdraft Service as a continuing line of credit; and (3) have no charged off accounts, legal orders, levies or liens against your account.. Courtesy Overdraft Protection is not available for 2nd Chance Checking.
(4) If minimum daily balance is not met, the monthly service charge will be assessed.
Whether away at school or at home, this account offers you everything you need to access and manage your money.
Monthly reimbursement of up to $10.00 for other institutions' ATM transaction fees.*
Waiver of non-Lakestone Bank & Trust ATM fees for the first five withdrawals monthly.*
First order of 20 checks is included at account opening.
Student Benefits Checking is designed for students ages 17-24 continuing their education. Upon turning 25, your account will automatically be converted to an Lakestone Checking account.
*A withdrawal at an ATM not owned by Lakestone Bank & Trust is subject to a fee from Lakestone Bank & Trust. We will waive this fee for the first five (5) withdrawals per month. In addition, the owner of an ATM may impose an immediate additional access fee. We will reimburse up to $10.00 of these fees in the month after they are charged to your account.
Lakestone Checking offers all the basics you want in a checking account with access to Lakestone's online and mobile Banking products. Check printing costs are not included (prices vary).
This account offers various bank benefits and lifestyle services for one small fee per month.
Bank benefits include: basic checks at no cost or 50% discount on designer checks (excludes category F checks), consumer loan savings, notary service, financial planning consultation and estate planning consultation.
Lifestyle services include: $10,000 travel accidental death insurance, hotel discounts, travel and recreation discounts, as well as local and online shopping discounts.
This account offers a package of services designed for ages 55 and better. Our Prestige members save money on popular banking services and more.
Bank benefits include: basic checks at no cost or 50% discount on designer checks (excludes category F checks), no fee for personal money orders, notary service, special events, travel opportunities, financial planning consultation and estate planning consultation.
Prestige Plus customers receive the above bank benefits plus the following lifestyle services: $25,000 travel accidental death insurance, emergency travel assistance, pharmacy savings program, vision savings program, hearing savings program, hotel discounts, travel and recreation discounts, as well as local and online shopping discounts.
This account lets you save, use or grow your money. Simply meet the monthly qualifications each month. Check printing costs are not included (prices vary).
Rewards Rate Qualifications for each monthly qualification cycle:
Have at least (12) Debit Card purchases post and clear each qualification cycle
Accept online statement delivery (eStatement)
And one of the following: One (1) Direct Deposit or One (1) Automatic Payment or One (1) Bill Pay through Online Banking post and clear your account each cycle.
Annual Percentage Yield (APY) accurate as of 1/1/2015. Rate tiers are as follows: 1.52% APY applies to balances of $0.01-$25,000.00 and 0.10% APY applies to balances above $25,000.00 if qualifications are met each monthly qualification cycle; 0.02% APY applies to all balances if monthly qualifications are not met. Rates may change after the account is opened. Fees may reduce earnings. Qualifying transactions must post and clear the account during the monthly qualification cycle. Transactions may take one or more business days from the transaction date to post and clear to an account from the date the transaction is made. Intra-bank transfers do not count as qualifying ACH transactions. ATM fee reimbursements up to $25.00 provided only if qualifications are met within the monthly qualification cycle.
Designed for individuals who like to maintain a higher balance in their checking account but don't want to miss out on the interest they could be earning in a savings account. Interest is paid on all balances. Check printing costs are not included (prices vary).
"Choice" is an investment account offering more features than a savings account or a money market account. You have the option of allowing your entire investment to remain in the community, or sweep balances in excess of $10,000 into an investment fund. You may add or withdraw from your account at any time.
Select from three different investment options for balances over $10,000:
Daily balances over $10,000 remain on deposit with Lakestone Bank & Trust.
Funds in excess of $10,000 are swept into Federated Funds' Automated Cash Management Trust, a money market mutual fund.
Funds in excess of $10,000 are swept into Federated Funds' Tax-Free Instrument Trust, a money market mutual fund.
The first order of 50 checks is included at account opening. Any funds swept out of the Bank are not FDIC insured.
2nd Chance Checking
This account provides an opportunity to begin to reestablish a normal bank account for those who might otherwise not qualify. After one year of maintaining your 2nd Chance Checking account in good standing* you may request to move to another Lakestone checking product.
To obtain this account, you cannot owe any financial institution money on previous deposit accounts. This account is not eligible for Courtesy Overdraft Service. Daily transaction limits on debit cards are set at $250. Check printing is at an additional charge (prices vary).
*Your account is in “good standing” if you (1) deposit enough money to bring your account to a positive end-of-day balance at least once every 30 calendar days (including the payment of all bank fees and charges); (2) avoid excessive overdrafts suggesting the use of Courtesy Overdraft Service as a continuing line of credit; and (3) have no charged off accounts, legal orders, levies or liens against your account.