Checking Checking Benefits Account Types Account Comparison Debit Cards Overdraft Protection Tired of Paying Fees to Your Bank? Switch Your Checking to LM Federal! Checking Account 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 Online and Mobile Banking Deposit checks directly into your account using Remote Deposit and your Android phone or iPhone Deposit cash and/or checks at Co-Op's Shared Deposit ATMs (ATMs 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. Monthly statement (paper or eStatement) listing all accounts Overdraft protection available from: Share (Savings) Account Rediline Overdraft Loan (subject to approval) Deposit by direct deposit or payroll deduction (from any organization), the mail or in person Account Switch Checklist Account Types Free Checking No minimum balance and no monthly service fee if you perform a transaction every 90 days Make up to 4 foreign ATM withdrawals monthly without a Credit Union fee The perfect account for students and those who want to avoid paying a monthly fee! 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 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 Business Checking All Business Checking accounts are limited to LM Federal’s Regular Checking type. Business accounts are not eligible for Free Checking or Interest Checking. Business Checking accounts must maintain an average balance of $500 in order to avoid a monthly service fee of $5.00 (See fee schedule) Business Checking accounts may use LM Federal’s Internet Bill Pay service for a monthly fee of $4.95 Account Switch Checklist Account Comparison Account Features Free Checking Regular Checking Interest Checking ATM or VISA Check Card Access Yes Yes Yes Online and Mobile Yes Yes Yes Free Access To Internet Bill Pay Yes Yes Yes CardNav Smartphone App - Card Activity Monitoring Tool Yes Yes Yes Overdraft Protection Yes Yes Yes eStatements Yes Yes Yes Mobile Check Deposit Yes Yes Yes Mobile Wallet Apple Pay, Google Wallet, Samsung Pay Yes Yes Yes No-surcharge Foreign ATM Withdrawals through the CO-OP network Yes Yes Yes Direct Deposit to Your Account from any organization Earn Interest No No Yes Monthly Service Fee No $5 $5 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 Initial order of free checks? No No Yes Dormant Account Fee Yes (See fee schedule) None None Account Switch Checklist 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 or insert your card, choose "Credit", sign and you're good to go! Latest EMV chip technology to protect your account from fraud 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, Co-Op, 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 Overdraft Protection LMFCU offers the following real-time overdraft protection options to prevent debit card, ACH and check transactions from being denied for non-sufficient funds. You may always transfer funds from savings to checking, 24 hours a day using Online or Mobile Banking. Transfers are immediately posted to your account. Savings Transfer: Automatically moves money from savings to checking, assuming funds are available. There is no longer a limit on the number of overdraft protection transfers that may be performed each month. The savings transfers are posted in $100 increments. A small convenience fee is applied. Rediline Overdraft Loan: A Rediline Checking Overdraft Loan is an overdraft line of credit that is tied to your LM Federal Checking Account. Funds are advanced in $100.00 increments and are automatically transferred to your Checking Account when an overdraft occurs. Credit lines of $500 to $5,000 are available, depending on your credit and income. The minimum monthly payment is the greater of $25 or 4% of the end-of-month loan balance. Payments are automatically transferred from the checking account on the 25th of the following month. There is no annual maintenance fee. A small convenience fee is charged when automatic overdraft transfers are performed. The Rediline is also an easy and convenient line of credit for quick access without the need for an account overdraft. You can draw from the Rediline using Online or Mobile Banking or by contacting a Member Service Representative. Combined Savings & Rediline: You may elect both options and choose which option has first transfer priority. For example, select savings transfer as the priority and the Rediline loan advance will be your backup overdraft protection method.