Get the Free Business Checking Account You Need with the Perks You Want!

As a business owner, you have a million tasks on your plate. Resolving issues with your financial institution shouldn’t be one of them. With a free business checking account in Lancaster, PA, conducting your business transactions is easy, giving you more time to focus on what’s important—growing your company. Get started today by opening a business checking account today with Lanco FCU!

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Free Checking with No Strings Attached!

One of the first rules of owning and operating a business is to separate business transactions from personal transactions. Not only is this separation necessary for tax purposes, but it prevents you from using too much of your personal finances for business purposes and vice versa. Lanco FCU offers free business checking to all types of companies, including sole proprietors, limited liability companies (LLCs), partnerships, and corporations.

When you open a free business checking account with us in Lancaster, PA, you get so much more than a bank account. You’ll enjoy access to products and services you need, like checking and savings accounts, business debit cards, and loans and lines of credit. Also, when you work with our credit union, you can manage your business checking online or over the phone and get friendly, personalized service from your neighbors right here in Lancaster, PA! As a Lanco FCU business member, you’ll have free access to these additional services:

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No Minimum Balance

If you’re tired of other banks charging you fees for going below a minimum threshold, Lanco FCU has the solution for you! Our business checking accounts feature no minimum balance requirements. Just maintain your $5 membership share to ensure you remain a member of our fantastic credit union!

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No Monthly Fees

Forget monthly service fees! We don’t require a certain number of monthly transactions or cash deposits, so we never apply ridiculous fees to your account for missing those marks. Your business works hard to earn money, and we believe you should keep more of it—not give part to your financial institution.

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No Per-Transaction Charges

If your customers’ money is being deposited directly into your account, you’ll enjoy no fees when you open a business account with Lanco FCU! Some providers can charge between 0.5% and 5% of the transaction plus fixed fees, but when you trust your business accounts with us, you won’t have to worry!

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Free Business Starter Checks

Start your business transactions immediately with a free starter pack of duplicate checks. Want customized checks? Choose to get a $10.00 credit toward your choice of business checks instead of the starter pack. Either way, you’ll be able to use your free business checking account from Lanco FCU with ease!

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Low-Cost Overdraft Protection

A transaction you forgot to subtract from your balance, a deposit that didn’t go through as planned—whatever caused an overdraft on your account, we have services in place to protect you from excessive fees and returned items. Eligible members can enjoy added peace of mind with Overdraft Privilege.

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Use of a Visa Debit Card

Business banking with Lanco FCU is even easier with a Visa® debit card that you can use for purchases anywhere that accepts Visa! You’ll get the card instantly at every Lanco FCU branch, so you don’t have to wait weeks for the card to arrive in the mail. Plus, you can manage your card in the MyLancoCards app!

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Other Convenient Services to Help You Manage Your Account

If you’re a business owner in Lancaster, PA, you need a reliable financial institution that cares about your success as much as you do. So many companies turn to Lanco FCU for this very reason. We do our best to ensure you have all the services you need under one roof!

From purchasing money orders and stamps to having your documents notarized for free, you can count on us to help you when you need it! You can also take advantage of our other account types available, like business savings accounts, Visa cards, lending services, and more. You can also manage your business by checking online or over the phone, whether in Lancaster, PA, or traveling for your business. Other fantastic services from Lanco FCU include:

  • Easily make purchases with your free Lanco FCU Visa debit card
  • Check balances, transfer funds, pay bills, and more with free online banking and bill payer
  • Have convenient, digital access to your monthly statements by enrolling in free E-Statements
  • Easily check balances and transfer funds on the go with the free Lanco FCU mobile app
  • Call anytime to manage your account with Gabby—Lanco FCU’s free automated phone teller
  • Easily send invoices and receive customer payments with Autobooks, available within Lanco FCU’s online and mobile banking

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Who Is Eligible to Open a Business Checking Account with Us?

To take advantage of a free business checking account, your business must be headquartered in Lancaster County, PA. You will also need $5 to start your membership share, which shows ownership in our credit union. As a member-owned, not-for-profit financial institution, we return excess earnings to our members through competitive dividend rates paid on savings accounts, competitive interest rates on lending products, and additional products and services, such as free notary services. Your $5 membership share provides access to all these banking benefits and more!

Beyond the $5 membership share, no minimum deposit or monthly maintenance fees on your business bank account are required. So, you can count on us whether you’re a small business just starting or a larger corporation that wants to enjoy no monthly fees on your business checking accounts!

How Do You Apply to Become a Business Member?

When you want to be able to manage your business checking online in Lancaster, PA, visit one of our branches to open your business banking accounts. All signers on the account must complete the membership application at one of our branches. Signers may come at their convenience and do not necessarily have to come to the office at the same time. Check the list below to learn what you need to bring to open your account.

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Sole Proprietor

  • Photo ID, such as a driver’s license or state identification card, for all signers.
  • The IRS form showing your Tax Identification Number if you’re using this number instead of your Social Security Number for tax purposes.
  • Verification that your DBA/Fictitious name is registered with the State of Pennsylvania if you’re using one. If you don’t have this readily available, a Lanco FCU representative can often obtain the verification online.
  • If your line of work requires you to be licensed by the state, we require a copy of your valid license.
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Limited Liability Company

  • Photo ID for all signers.
  • The IRS form showing your Tax Identification Number.
  • Certificate of Organization
  • Resolution or board minutes showing who has the authority to open and transact on your account.
  • Verification that your DBA/Fictitious name is registered with the State of Pennsylvania if you’re using one. Need help? A Lanco FCU representative can often obtain the verification online.
  • If your line of work requires you to be licensed by the state, we require a copy of your valid license.
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Partnership

  • Photo ID for all signers.
  • The IRS form showing your Tax Identification Number.
  • Partnership Agreement or Partnership Resolution showing who has the authority to open and transact on your account.
  • Verification that your DBA/Fictitious name is registered with the State of Pennsylvania if you’re using one. Need help? A Lanco FCU representative can often obtain the verification online.
  • If your line of work requires you to be licensed by the state, we require a copy of your valid license.
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Corporation

  • Photo ID for all signers.
  • The IRS form showing your Tax Identification Number.
  • Articles of Incorporation.
  • Corporate resolution or Board Minutes showing who has the authority to open and transact on your account.
  • Verification that your DBA/Fictitious name is registered with the State of Pennsylvania if you’re using one. Need help? A Lanco FCU representative can often obtain the verification online.
  • If your line of work requires you to be licensed by the state, we require a copy of your valid license.

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Other Business Banking Accounts for Your Convenience

Owning and operating their own business is a dream for many people in America. But to successfully manage your business transactions, you often need multiple types of accounts. Whether it’s a savings account, business loan, or credit card, these accounts perfectly complement your free business checking account in Lancaster, PA!

Savings

Savings accounts allow you to save for larger upcoming purchases for your business, to pay your business taxes, or as an emergency fund for a rainy day. You can open a basic savings account with no minimum balance requirement and monthly fee. Plus, any savings account with a $25 or more balance will earn dividends. You can also open a money market savings account with a higher balance, which allows you to earn a higher dividend without tying up your funds in a CD.

Loans

Businesses often need to take out loans to fund larger purchases. Whether it’s a commercial mortgage for your storefront or office building, a business vehicle loan, or something else, you are invited to apply for one of our lending products. Because we are a credit union that strives to serve our members, you will enjoy our lending products at competitive interest rates. You’ll need two full years of financial records before applying.

Credit Cards

Business credit cards offer all the convenience and security your business needs, plus plenty of perks. Our Business Visa Platinum Credit Card features low rates, depending on your qualifications, no annual fee, no fee balance transfers, and no fee cash advances. Plus, you can rest easy knowing that you’re backed by Visa’s Zero Liability policy, which means you won’t be responsible for any fraudulent purchases. Get the peace of mind your business deserves!

For a Free Business Checking Account in Lancaster, PA, with All the Benefits You Want, Choose Lanco FCU!

We understand that starting and operating a business comes with an endless to-do list. But crossing off “open a free business checking account” has never been easier than it is in Lancaster, PA, with Lanco FCU! We value our members—so much that we offer incredible benefits you won’t find anywhere else!

From allowing you to keep more of your hard-earned money by eliminating standard fees that other financial institutions charge to managing your business checking online, let Lanco FCU help with the financial aspects of your business. We want to see you succeed, and we’ll help you get there.

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