Are you using Bill Pay?
Did you know that all account holders with Lakewood Bank can use BillPay free? Unlike other institutions that may put conditions on using the service, Lakewood Bank continues to show why we like our customers better.
If you are already using online banking, BillPay is a free add on to make payments, replacing the need to write a check or allow a company to access your account for payment. It is safer, secure and guaranteed! Give it a try today after logging into online banking. Give us a call if you need more information!
Save a Tree!
Lakewood Bank is proud to announce the availability of eStatements. Now, you can sign up and have your bank statement delivered to your email box instead of your postal mail box. Your statement will be delivered quicker each month, can be saved on your computer for future reference and it also helps our environment by saving paper!
To sign up, simply click on the RED “eStatements - Enroll Now” banner on the top of this page, located directly below the online banking login area. Also, if you do not currently use our online banking system, you are still able to enroll and begin receiving your statements in your email box! Simply click on the RED “eStatements - Enroll Now” banner on the top of the page!
Attention ATM Users
In accordance with regulatory changes concerning ATM Balances, we are informing you of a change regarding your ATM/Debit Card service. Previously, ATM receipts for balance inquiries displayed the total funds available for use with your ATM/Debit Card. This could have included amounts that were available in your Savings Accounts, Overdraft Protection and other attached lines of credit.
Beginning February 1, 2010, ATM receipts now only display your current checking account balance. Your current balance will not include the other available funds that may automatically transfer into your checking account in the event of an overdraft. However, these amounts will continue to remain available for ATM/Debit Card transactions.
Withdrawing more than your current balance may result in an overdraft on your account, which may access any available funds that are attached for this purpose. Accessing these funds may result in finance charges or additional fees.
Please contact your local office of Lakewood Bank with any questions or concerns regarding this change
Switching to a community bank is mainstream
Many people have already made a New Year’s Resolution to assess their personal banking relationship. There is a great resource for you if you are considering a new banking home, and Lakewood Bank is happy to ensure you that switching is not too difficult!
Move your Money is a website dedicated to showing the benefits of moving your banking relationship to a local, community bank. It also is packed with stories, videos and articles about the benefits and real life stories of others who have made the switch. Click here to see how others are making the switch.
Home Mortgage News
Lakewood Bank continues to look for opportunities to make loans!
Home mortgage rates are at or near historical lows!
The home financing market continues to evolve and we can help you navigate the maze! Lakewood Bank continues to find creative ways to help home buyers, those looking to refinance existing home loans, or those needing funds for a remodeling or new home project.
No one in the Brainerd Lakes works harder to get you ready, keep you informed along the way, and find the best home mortgage than the mortgage lenders at Lakewood Bank.
Many current homeowners continue to take advantage of today’s low rates to refinance their current loans, and thereby lowering their housing costs each month! If you have an adjustable rate mortgage or an upcoming balloon mortgage payment, now is the time to act. There is no guarantee that today’s historically low rates and mortgage programs will be available in the future. Click here for more refinancing information.
Lakewood Bank is an approved FHA and VA financing provider, in addition to offering conventional and jumbo mortgages. Not all banks and mortgage companies are able to provide all of these products. You can count on Lakewood Bank to continue to have access to the all available alternatives.
To meet and discuss your specific situation or for current mortgage rates, please call Steve Ennis or Darlene Kersting at 829-8712 or toll free at (888) 829-8712. Click here to send Steve or Darlene an email message.
Archived Statements
To assist you in digging up old transactions, Lakewood Bank is now archiving your statements to be available through your online banking session. You will have access to up to six months of your account statements.
Simply click on “Documents” while logged in to online banking to access your past statements. Your current and prior months statements and item images are still available by clicking “Transaction”, and then selecting the appropriate option.
Extended online hours
Lakewood Bank is proud to inform you that online transactions can be made later in the business day. Internet banking transactions are now processed through 6:00 pm each day, compared to our lobby cut-off of 4:00 pm.
Online bill payments through our BILL PAY product that are created before 3:00 pm are now able to be processed the same day with no extra cost. Click here for information on Bill Pay.
FDIC Transaction Account Guarantee Program
Lakewood Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.
Interest-bearing transaction accounts (NOW Accounts) with a rate of 0.25% and less are also fully guaranteed under the Transaction Account Guarantee Program.
Funds held in interest-bearing savings accounts will continue to be insured for up to $250,000 under the FDIC’s general deposit insurance rules. This level of coverage was made permanent on July 21, 2010.
Your money continues to be Safe and Secure at Lakewood Bank!
If you have any questions regarding your FDIC insurance coverage and options to increase coverage, please contact your favorite Lakewood Bank branch today! Click here for information from the FDIC.
Attention Quicken and Quickbooks Users
As part of our recent data center conversion, it will be necessary for you to refer to one of the attached instruction sheets prior to any transaction download. This will help you avoid duplicate transactions and allow you to continue to use your existing account register. We apologize for any inconvenience and trust that you will appreciate the improved system reliability of our new data center.
Quicken for Windows (2007-2008)
Quicken for Macs (2005-2007)
QuickBooks for Mac (2006-2007)
QuickBooks for Windows (2006-2008)
Quicken for Windows (2006)