Business Checking

Value Plus Checking This Value Plus checking not only pays you interest, it also pays you back for ATM fees, giving you the freedom to use any ATM, anywhere! Value Checking This Value checking can make the most of your money. An interest earning account that is free when other account relationships are maintained. Regular Checking This Regular checking account gives you the FREEdom that you need. No monthly service charge when you sign up for eStatement or maintain minimum balance requirement. Basic Checking This Basic Checking is very popular among senior citizens and students
Opening Balance $100 $100 $100 $50
Minimum Balance $2,500 $1,000

(Combined balance on any account)

$100 None
Interest Earnings Yes

($10,000 minimum balance to earn interest)

Yes

($10,000 minimum balance to earn interest)

No No
Internet Banking FREE FREE FREE FREE
Mobile Banking FREE FREE FREE FREE
Bill Pay FREE FREE FREE FREE
Overdraft Protections Available Available Available Available
Check writing Privileges Unlimited Unlimited Unlimited Unlimited
Transactions Requirements Minimum balance of $2,500, Direct Deposit of > = $500 and eStatements NONE NONE NONE
Monthly Service Charge NO CHARGE NO CHARGE, when you maintain a combined deposit of $1,000 on any account under your name. Otherwise there is a monthly fee of $10.00 NO CHARGE, when you sign up for eStatements or maintain a minimum daily balance of $100.  Otherwise there is a monthly fee of $5.00 $3
Debit / MasterMoney Available Available Available Available
Foreign ATM Fee Rebate $10 per statement cycle, when requirements are met NONE NONE NONE
Other FREE Services CardValet Automatic Loan Payment eStatements CardValet Automatic Loan Payment eStatements CardValet Automatic Loan Payment eStatements CardValet Automatic Loan Payment eStatements
Another difference yet is our personalized and friendly service.

Small Business Checking Products

We understand your business. With that in mind, we have created a series of business checking products that will meet all of your business needs. Our Small Business Checking Products include Preferred Business Checking, Interest Business Checking and Small Business Checking Accounts. Preferred Business Checking and Interest Business Checking (Sole Proprietor/Non-Profit Organizations) – are limited to 50 transactions per month, otherwise the accounts will be converted to a Commercial Checking Account. With so many options, you are sure to find the Small Business Checking Product that is right for your small business. Overdraft protection available*.

Preferred Business Checking

This account is tailored to any business owner that has a mortgage or savings account with a minimum balance of $25,000.

  • Minimum Deposit to Open | $500
  • Transactions (1) | FREE
  • Maintenance fee (2) | FREE
  • Business MasterMoney Debit Card | FREE
  • Online Banking/Mobile Banking | FREE
  • Bill Pay | FREE
  • ATM Surcharge(3) | FREE
(1) 50 free monthly transactions allowed, otherwise account will convert to a Commercial Account.
(2) Monthly service fee of $8.00 is waived with an existing savings account relationship of $25,000 or mortgage loan.
(3) Unlimited surcharge-free ATM transactions when debit card is used at any Lusitania ATM machine.

Interest Business Checking (Sole Proprietors & Non-profit Organizations)

This is the ideal interest (1) bearing account for Sole Proprietors and Non-Profit Organizations.

  • Minimum Deposit to open | $500
  • Transactions (2) | FREE
  • Maintenance fee (3) | FREE
  • Business Master/Money Debit Card | FREE
  • Online Banking/Mobile Banking | FREE
  • Bill Pay | FREE
  • ATM Surcharge (4) | FREE
(1) $5,000. minimum balance to earn interest.
(2) 50 free monthly transactions allowed, otherwise account will convert to a Commercial Account.
(3) Monthly service fee of $10.00 is waived when the daily average balance of $1000 is maintained.
(4) Unlimited surcharge free ATM transactions when debit card is used at any Lusitania’s ATM machine.

Small Business Accounts

We are committed to provide you outstanding customer service and help you achieve economic success and financial security. This business account is specially customized for the start up or existing small business. First six months free of charge.

  • Minimum Deposit to Open | $100.00
  • Transactions (1) | FREE
  • Maintenance fee (2) | FREE
  • Business Master/Money Debit Card | FREE
  • Online Banking/Mobile Banking | FREE
  • Bill Pay | FREE
  • ATM Surcharge (3) | FREE
(1) 500 free transactions per month, .20 each additional transaction (transactions include deposits, withdrawals, checks paid, electronic transactions).
(2) Monthly service fee of $10.00 is waived when the monthly average collected balance of $200 is maintained.
(3) Unlimited surcharge free ATM transactions when debit card is used at any Lusitania’s ATM machine.

Commercial Accounts

The ideal account for any business. This account pays earning credits (1) that are used to offset service fees charged. Overdraft protection is available*.

  • Minimum Deposit to open | $500.00
  • Checks paid | 50 free, thereafter $.20
  • Deposits | FREE
  • Deposited checks | 50 free, thereafter $.10
  • Maintenance fee (2) | FREE
  • Business Master/Money Debit Card | FREE
  • Online Banking/Mobile Banking | FREE
  • Bill Pay | FREE
  • ATM Surcharge (3) | FREE
(1) A predetermined rate will be paid on collected average balances of $15,000 and over.
(2) Monthly service fee of $8.00 is waived when the monthly average balance of $5000 is maintained.
(3) Unlimited surcharge free ATM transactions when debit card is used at any Lusitania’s ATM machine.

Merchant Services

Do you offer credit and debit payment options to your customers? If not, you may be losing business. Lusitania Savings Bank together with First Data Corporation can expedite the processing of your credit card and debit payments through our working relationship. For more information contact one of our offices.

*Overdraft Protection
For peace of mind you may elect to have overdraft protection on your checking account and never worry about bouncing a check again. There are two options available for overdraft protection:

• Savings Account Overdraft Protection where you link your business savings account to your business checking. In case of insufficient or uncollected funds in your checking, funds will be transferred from your savings account to your checking account. Transfer fee will apply.

Overdraft Loan Protection acts as a personal/business line of credit to cover an overdrawn account. Subject to credit approval.
For more information, please contact a customer service representative at any of our locations.


+Annual Percentage Yield (APY)
Lusitania Savings Bank uses the daily balance compounding method to calculate the interest on your account(s). The annual percentage yield (APY) on your account assumes that the funds will be on deposit for a full year at the initial rate and that interest is credited to the principal when paid. Interest will be paid monthly. Except for fixed rate deposits, interest rate and annual percentage yield (APY) may be adjusted at any time without notice. No interest will be paid for the days the account is below the minimum amount required. The minimum amount to obtain APY is $100.00 on Savings Accounts and $500.00 on CDs. The minimum amount to obtain APY on Value Checking and Interest Business Checking is $5,000.00. Fees and/or penalties charged to your account may reduce earnings. Overdraft fees may apply to overdrafts created by check, in-person withdrawal, ATM withdrawal or other electronic means as applicable.

image_pdfimage_print

NOW HIRING!
Loan Processor and Customer Service Representative Positions

Apply in person at 107 Pulaski Street, Newark, NJ or online at

https://www.indeed.com/cmp/Lusitania-Savings-Bank/jobs