Business Checking

LANB Business Checking is designed for use by corporations and partnerships.

Business Checking benefits:

  • Unlimited check writing
  • No service fee if a $300 minimum balance is maintained
  • Service fee is only $5/month if your account falls below the $300 minimum balance 
  • No "per-transaction fee" regardless of your balance
  • Immediate credit on deposit of your customer's checks, even out-of-state checks

While the account is not interest-bearing, transfers to and from a savings account can be set up on a regular or as-needed basis to maximize yield (limit of six transfers per month). LANB pays one of the highest interest rates in New Mexico on a business savings account.