Lumbee Guaranty Bank Rewards Customers With Revolutionary LGB Reward Checking
Pembroke, NC — Lumbee Guaranty Bank has teamed up with BancVue to bring free checking with high interest and ATM fee refunds to the Pembroke area.
“We are a community institution with great passion for our clients and their financial needs,” said Thresia Locklear, SVP of Lumbee Guaranty Bank. “With LGB Reward Checking, we can offer customers a cutting-edge account that rewards them for their commitment to Lumbee Guaranty Bank.”
LGB Reward Checking is a checking account with no monthly fees, no minimum balance and the opportunity to earn 4.50% Annual Percentage Yield (APY) and ATM fee refunds when simple criteria are met. LGB Reward Checking was developed by BancVue to support both community banks and account owners. BancVue technologies maximize bank efficiency and reduce operating expenses with a suite of online solutions. Lumbee Guaranty Bank encourages customers to participate in LGB Reward Checking, thus passing along the savings to the customer.
“When customers use free services such as online banking, emailed statements and debit cards instead of checks, this has a huge impact on our bank,” Thresia Locklear continues. “With LGB Reward Checking, we are rewarding the use of these free services and saying thank you to our customers by providing them with a superior product.”
LGB Reward Checking offers customers significant rewards:
- 4.50% APY on account balances between one cent and $25,000. Balances over $25,000 earn 1.00% APY.
- Unlimited refunds on ATM fees.
- No monthly fees and no minimum balance.
- Free online checking and free online bill pay.
LGB Reward Checking requires a few simple actions each cycle:
- Make 10 debit card transactions.
- Receive monthly e-Statements.
- Set up one direct deposit or authorize one automatic payment from your account.
If the LGB Reward Checking account holder does not meet all the criteria during the cycle, he or she will still enjoy a free checking account with free internet banking and free online bill pay, but will not receive the bonus rates of interest or ATM fee refunds for that time period. However, the account holder will still earn 0.10% APY on their free checking balance. There is a $100 minimum balance to open but no minimum to maintain and absolutely no service charge for the LGB Reward Checking account. LGB Reward Checking is for personal checking accounts only.
About Lumbee Guaranty Bank
At Lumbee Guaranty Bank, we’re committed to bring you innovative products and superior customer service. We offer a wide variety of products and services. We have recently partnered with BancVue to develop, promote and improve our product line. We feel that our LGB rewards Checking Account is one of the many ways of reinforcing our commitment to the communities we serve.
BancVue is passionately dedicated to empowering community financial institutions to compete and win in the rapidly changing market. BancVue’s Real Checking™ product suite provides innovative and exciting checking accounts that improve profitability, increase core deposits, and deliver new customers. Each Real Checking product is implemented with BancVue’s Real Results turnkey solution that combines experience driven consultation, technology integration, proven marketing tactics and materials, and launch support and training that ensures each product’s success.
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