Business Checking Accounts with the Perks You Want in Lancaster, PA
Whether you need a free business checking account for everyday transactions or a credit union business checking account that offers better rates and personalized service than traditional banks, Lanco has the right solution for your business. Open your account today and take the first step towards smarter, more efficient banking.
Free Checking with No Strings Attached!
When you open a free business checking account with us in Lancaster, PA, you get 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:
No Minimum Balance
- No minimum balance required beyond your $5 membership share
- Avoid penalties and focus on running your business
- Keep flexibility without meeting threshold requirements
No Monthly Fees
- No monthly maintenance fees or hidden charges
- No required transaction minimums to worry about
- Straightforward and transparent business banking
No Per-Transaction
Charges
- No fees on deposits or payments
- Avoid percentage-based charges and fixed costs
- Keep more of your profits with predictable banking
Free Business Starter Checks
- Includes a free pack of duplicate starter checks
- Option for $10 credit toward custom checks
- Get started with a ready-to-use account immediately
Low-Cost Overdraft Protection
- Affordable overdraft coverage available
- Helps prevent costly fees and returned items
- Provides peace of mind with every transaction
Visa® Debit Card Access
- Free Visa® debit card included with your account
- Instantly issued at any branch location
- Manage your card in the MyLancoCards app anytime
How Do You Apply to Become a Business Member?
If you’re ready to manage your business checking account online or in person in Lancaster, PA, simply visit one of our branches to get started. All signers on the account must complete the membership application at a branch location. Each signer may stop in at their own convenience, and they do not have to be present at the same time. Review the list below to see what you’ll need to bring when opening your account.
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.
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.
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.
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.
Other Business Banking Accounts for Your Convenience
For many, owning and operating a business is the fulfillment of a dream. To keep those dreams running smoothly, it often takes more than just a checking account. That’s why Lanco offers complementary options—such as business savings accounts, loans, and credit cards—that pair perfectly with your free business checking account in Lancaster, PA.
Savings
- Use your savings account to prepare for purchases, taxes, or unexpected expenses
- No minimum balance or monthly fee, with dividends on balances of $25 or more
- Money market savings accounts earn higher dividends without CD restrictions
Loans
- Options include commercial mortgages, vehicle financing, and other lending solutions
- Competitive interest rates and fair terms designed to support business growth
- Requires at least two years of financial records to apply for financing
Credit Cards
- Business Visa® Platinum Credit Card with low rates based on qualifications
- No annual fee, no balance transfer fee, and no cash advance fee
- Purchases protected by Visa’s Zero Liability policy against fraud
Ready to Open Your Business Checking Account?
Starting and running a business means keeping track of countless tasks, but opening a free business checking account in Lancaster, PA, doesn’t have to be one of the stressful ones. At Lanco Federal Credit Union, we make the process simple and rewarding.
With a credit union business checking account, you’ll enjoy benefits that set us apart—like lower fees, personalized service, and modern digital banking tools. From eliminating the charges you might face at traditional banks to giving you 24/7 access to your account, we’re here to support your business success every step of the way. Open your account today and experience the difference in banking with a member-focused credit union.
Business Checking Account FAQs
When considering a new business account, it’s natural to have questions. To make the process easier, here are answers to some of the most common questions about Lanco’s business checking accounts:
What is the difference between a business checking account at a credit union vs. a bank?
Credit unions like Lanco are member-owned, meaning profits are returned to members through lower fees, better rates, and more personalized service. Banks, on the other hand, are profit-driven, which can mean higher costs and less focus on your business needs.
What are some features included with every business account?
If you’re a business owner in Lancaster, PA, you deserve a financial partner that offers more than just a place to deposit funds. From free notary service and postage purchases to additional products like business savings accounts, Visa® cards, and lending solutions, everything is designed with your success in mind.
Whether you’re managing accounts in Lancaster or on the road, your credit union business checking account is backed by these powerful features:
- Easily make purchases quickly and securely with your free Lanco FCU Visa® debit card
- Check balances, transfer funds, and pay bills with free online banking and bill pay
- Access monthly statements digitally with free E-Statements
- Manage your account on the go with the free Lanco FCU mobile app
- Call anytime to use Gabby, Lanco FCU’s free automated phone teller
- Simplify invoicing and payment collection with Autobooks, available in online and mobile banking
With all these services included at no extra cost, a free business checking account from Lanco delivers unmatched convenience and value.
Who is eligible to open a business checking account with us?
Your business must be headquartered in Lancaster County, PA, to take advantage of a free business checking account. 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 fee, no minimum deposit or monthly maintenance fees are required for your business bank account. So, you can count on us, whether you’re a small business just starting out or a larger corporation that wants to enjoy no monthly fees on your business checking accounts.
What are the fees associated with the basic business checking account?
Lanco’s Basic Business Checking has no monthly maintenance fees, no minimum balance requirements, and no per-transaction charges, making it a truly free business checking account.
How do I switch my existing business account to Lanco Federal Credit Union?
Switching is simple. Our team will guide you through closing your old account, transferring balances, and updating payments or deposits, ensuring your business continues uninterrupted.
What documents are required to open a business checking account?
You’ll need items such as your EIN (or Social Security Number if a sole proprietor), your business license or registration, and government-issued identification for all signers.