Business Checking Accounts
Built for Business, Backed by Local Service
Managing a business takes organization, flexibility, and a checking account that can keep up with daily needs. This page helps local business owners, organizers, and entrepreneurs learn more about checking options designed to support everyday business banking.
A business checking account can help keep business income and expenses separate from personal finances, making it easier to track deposits, manage payments, pay vendors, monitor cash flow, and stay organized throughout the year. Whether you are starting a new business, growing an existing company, running a nonprofit, or supporting a local organization, Ladysmith Federal is here to provide personal service and practical banking support.
At Ladysmith Federal, we understand that every business is different. Some businesses need a simple account for basic deposits and payments, while others may need access to debit cards, online banking, mobile banking, bill pay, direct deposit, merchant payment processing, or other business banking tools. Our local team can help you review available account features and choose a business checking option that fits the way you operate.
This page is designed to provide helpful information about Ladysmith Federal business checking accounts, local business banking services, account support, and money management tools. If you have questions about opening a business checking account, required documentation, account features, or business banking options, contact Ladysmith Federal for friendly, local guidance.
Business Checking
A simple, cost-effective account for everyday business banking. With a low minimum balance, unlimited check writing, free digital banking tools, and access to EFTPS, Business Checking helps keep your daily operations organized and easy to manage.
Features:
- Only a $100 minimum balance. If the balance falls below $100 during the month, a $5 service charge applies
- First 100 checks free
- Unlimited check writing
- No charge for credits or transfers
- Free Internet Banking
- Free Mobile Banking
- 24-Hour Telephone Banking
- ATM/debit card available (see details below)
- Electronic Federal Tax Payment System (EFTPS) online access
Business Checking Plus
All the convenience of Business Checking, plus the opportunity to earn interest on your balance. Business Checking Plus is a great fit for businesses that maintain higher operating funds and want their account to do a little more.
- Must maintain $1,000 minimum balance. If the balance falls below $1,000 during the month, a $10 service charge applies.
Checking Accounts
| Product | Min. Opening Deposit | Interest Rate | APY* |
|---|---|---|---|
| Business Checking Plus | $1,000.00 | 0.20% | 0.20% |
Is Your Checkbook Looking Thin?
ATM/Debit Card
Combine the power of a check with the convenience of a credit card, and you get the Ladysmith Federal debit card.
Use your debit card anywhere you see the Visa logo. Purchases are deducted directly from your business checking account, just like writing a check. It also works at ATMs, allowing you access to your accounts at ATMs worldwide.
UChoose Rewards
Most rewards programs limit your options on where to shop and what to buy, and it takes forever for your points to add up. We’ve decided to change all that.
With UChoose Rewards, you have access to hundreds of retailers where you can earn big rewards, and there are millions of choices for redeeming the points that accumulate every time you use your Ladysmith Federal debit card.
How it works:
- Earn 1 point for every $2 spent when you use your debit card and sign for your purchases.
- Earn additional points by shopping at participating retailers, either in person or online, at www.uchooserewards.com.