Checking with a choice
We offer three different free checking accounts, so you can choose the one that’s best for you. Each accounts offers zero monthly fees and unlimited ATM fee reimbursements.*
Sometimes, simple is better. This no-frills account gets the job done.
Cash Back Checking
3% cash back on all debit card purchases up to $250.** See 2021 Qualification Cycle!
Earn interest each month—on your checking! Enjoy 0.50% APY*** on balances up to $15,000. See 2021 Qualification Cycle!
How to receive account benefits
To be eligible for these extra benefits, you’ll need to meet a few monthly requirements:
- Opt in to e-Statements and e-Disclosures
- Sign up for a direct deposit or ACH credit that’s at least $250
For Cash Back and Performance Checking, you’ll also need to make 10 debit card purchases.
Not sure you can meet these requirements every month? No worries. You won’t earn rewards but your account will still remain free, open, and active, and you can always shoot for next month instead.
*Cash reimbursements for domestic ATMs only.
**Three percent (3%) cash back on debit card purchases up to a total cash back of $7.50 per monthly qualification cycle. The following activities do not count toward earning cash back on debit card purchases: ATM-processed transactions and transfers between accounts. If member meets monthly requirements, three percent will be credited to Cash Back Checking Account after monthly end of qualification cycle processing. No minimum balance required, however you must deposit a minimum of $25 to open the account. If you do not meet the requirements per qualification cycle, your account will not earn cash back nor will ATM fees be reimbursed. Qualification cycles will vary from your statement period. One Cash Back Checking Account per member.
***APY = Annual Percentage Yield. LAPFCU may change the dividend rate at any time. Each cycle the minimum requirements are met, 0.50% APY will be paid on balances between one penny and $15,000, as well as 0.05% APY paid on all amounts above $15,000 respectively. Rates as of January 17, 2019. No minimum balance required, however you must deposit a minimum of $25 to open the account. If you do not meet the requirements per qualification cycle, your account will not earn dividends nor will ATM fees be reimbursed. Qualification cycles will vary from your statement period. One Performance Checking Account per member.