Business Debit Card
Purchase office supplies, fill up the gas tank, and pay for business lunches with your Lakestone Business Debit Card. It’s an ideal way to handle purchases and expenses directly from your business checking account. Use it to manage all of your everyday expenses without having to carry a check binder or large amounts of petty cash. Funds are automatically withdrawn from your business checking account, which means you don’t have to worry about keeping track of petty cash.
Credit Card Processing Services
We can provide our merchants with some of the industry’s best products and competitive rates. Through our program, merchants can attract new customers by offering a variety of payment options. Select the products and services that fit your needs and we’ll tailor a program that’s efficient and economical. There is no contract term required – which is great for seasonal merchants! We offer quick merchant account approval and competitive rates and fees. Funds are typically available in 2 business days.
Local Chamber of Commerce members receive a waiver for the set-up costs (a $75 savings)!
If you are interested in switching credit card processing services, call us today for a free cost analysis of your current credit card program.
Direct Deposit of Payroll
Make things easier on yourself and your employees by using Direct Deposit to put paychecks directly into their bank account. Reduce your overhead with fewer checks to write. Save your employees a trip to the bank.
eDeposit Remote Capture Solution
This business solution utilizes a desktop scanner that connects to your computer and the internet. With it, you can scan checks received from your customers and deposit them electronically. It's the fastest way to deposit checks. We provide hands-on implementation and training to guide you through the process, which can be scheduled at your convenience.
Contact a customer service representative for more information at 810.664.2977.
Sign up for eStatements and stop worrying about finding your bank statement in the mail each month. Each month you will receive an email notification letting you know your statement is available to view online. Best of all, we offer eStatements at no charge. You can view, save or print up to 18 months of account history starting from when your Online account was opened.
With an Express Statement CD, you can receive your bank statements, images of your checks, deposit tickets and deposited items on an easy to store CD. No additional software needed – everything required to review statements and images is included on each CD. Receive your statements monthly, quarterly, semi-annually or annually.
Give your customers multiple payment options by setting up your business to accept debit and credit card payments. We have options for seasonal business customers as well.
Make it easy to handle your accounts with Funds Management. Funds management gives you the convenience of controlling which employees have access to the account and individual features. You can use Funds Management to easily sort and search for account information, originate direct deposits for payroll and offer your customers automatic payments. Pricing includes a Quarterly Express Statement CD.
Night Drop Service
Drop off deposits at any Lakestone Bank & Trust branch and have them posted on the next business day with Night Drop Service.
Lakestone Mobile Banking provides a safe and secure way for Online Banking customers to access eligible accounts, even when you’re away from your computer – on vacation, having dinner with friends, in the checkout line – anytime, anywhere, simply using your mobile device. With Lakestone Mobile, you can access your account 24 hours a day, seven days a week to check account balances, view transactions, transfer funds between Lakestone accounts and make deposits.
You can easily activate Mobile Banking by downloading Lakestone Mobile in the appropriate app store. Links can be found on the bottom of our website.
Mobile service provider usage charges may apply.
Mobile Deposit gives you the flexibility to deposit checks 24/7 from anywhere in a snap. This feature of Mobile Banking is accessed through our Lakestone Mobile apps.
Minimum requirements to be eligible for Mobile Deposit:
- Enrolled in both Online and Mobile Banking*
- Have the Lakestone Mobile Banking app version 3.31.0 (iOS) or 3.33.0 (Android) or higher installed on your device. Older app versions need to be uninstalled from you device. Search for Lakestone Mobile in the appropriate app store.
- You may self-enroll for Mobile Deposit through your Mobile Banking App (app version 3.26-Android and 3.23-iOS or higher) or submit the Mobile Deposit Request Form.
Fees and Limits:
There is a limit of 20 deposits per month for personal customers with a daily deposit limit of $2,500 and a monthly deposit limit of $10,000 for all customers. Business customers have a daily deposit limit of $10,000 and a monthly deposit limit of $30,000 with a limit of 60 checks a month. Refer to the Most Common Fee Schedule for Mobile Deposit fees. Wireless carrier data and messaging charges may apply. For more information, contact your mobile service provider.
- Endorse the check with your signature and “Lakestone Mobile Deposit.”
- Checks must be made out to the account holder.
- Be sure to include all four corners of each check. The image needs to be clear.
- Make sure the dollar amount entered when making the deposit matches the written amount on the check.
- Do not deposit the following: foreign checks, savings bonds, traveler’s checks, money orders, federal government checks, checks more than 6 months old, checks dated in the future, second or third party checks (unless properly signed over).
- Keep your checks for 14 days. After 14 days, verify that the correct amount posted to your account and then properly destroy the check.
If your deposit is made on a business day before 7 p.m. EST, then the deposit will be released to your account that night. Deposits made after 7 p.m. EST, on a weekend or Federal Holiday will not be released until the night of the following business day. See our Funds Availability Policy (Regulation CC) for more information.
Your deposit is as secure as depositing checks in Lakestone offices or ATMs. Check images are not stored on your device. Our Lakestone apps have received the ViaForensics appSecure certification. ViaForensics performed several rigorous assessments (Android 4.4 and iOS 7.0 operating systems), including checking for insecure storing of data, appropriate two-factor authentication, secure data transmission, and man-in-the-middle and session hijacking vulnerabilities. The apps were found through empirical testing to avoid significant security vulnerabilities, and do not store or transmit sensitive data insecurely. The appSecure process is performed by qualified forensic and security analysts vs. automated code analysis, an important distinction from other secure app testing providers.
*Mobile service provider usage charges may apply.
Online Banking makes handling your company’s finances convenient, fast and efficient. It puts current balances, account transfers, transaction history and more at your fingertips — in or out of the office. Use a convenient customizable everything-on-one-page dashboard that allows you to make transfers, pay bills, view accounts, view statements, view alerts and more. You can also see up to the minute balances, initiate account transfers, use Bill Pay, view images of checks and deposit tickets that have been posted to your account and see a comprehensive transaction history.
Pay your bills online with Bill Pay, a part of Online Banking. Schedule one-time or recurring payments to anyone you would normally pay by check. It’s more convenient than sending paper checks – plus you can schedule bills to be paid automatically.