Labor Checking

We Bring Labor Banking Services to Your Local - Nationwide

Offering bundled checking services aligned to the size and scale of your organization, customizable to meet your specific needs.

Bank of Labor works alongside Labor organizations every day. That’s why we offer a range of
checking packages that cover Labor’s operational needs – from straightforward checking to a broader
suite of tools – with options to tailor services as needed.

Three Labor Checking Solutions – Tiered to Meet Your Local’s Demands

From essential business banking to fraud protections and cash sweeps to help you earn, we have a checking account designed to meet the needs of your organization:

  • Labor Core Checking – Essential banking for lower-volume account activity.
  • Labor Choice Checking – Bundle includes simple ways to earn more on your funds and help protect them from fraud.
  • Labor Champion Checking – Advanced treasury management for growing organizations with higher transaction volumes. Includes consolidated billing and earnings credits to help reduce service fees.
Included
Additional Fee
–  Not Available
Labor Core Checking Labor Choice Checking Labor Champion Checking
Monthly Maintenance Fee $0 $0 with a minimum of $50,000 balance ($49.95 under $50,000) Analyzed
Included Transactions 75 ($0.35 each additional transaction) 75 ($0.35 each additional transaction) Unlimited

Remote Deposit Capture

  • Bank Scanner Provided

Choice Cash Sweep

  • Mirrors ICS rates
  • FDIC coverage applies (up to $250K per EIN)
  • Requires a minimum of $50,000 account balance
  • Counts towards transaction limits
 – –
Earnings Credit Rate (ECR) to Offset Fees – –
External ACH Transfers
  • 5 complimentary each month*
Check Positive Pay
  • First 15 exceptions complimentary
ACH Positive Pay
  • First 15 exceptions complimentary
Online and Mobile Banking, Plus TeleLink
Labor VISA® Debit Card

Access more than 90,000 surcharge-free ATM locations nationwide through MoneyPass® and Allpoint® networks

Advanced Treasury Management Services – Fees Apply

Insured Cash Sweep

Payroll Solutions
Dues Collection
ACH Block
Zero Balance Account
Vacation Plan Distribution

(also available for member accounts)

 –
Bill Pay
Wires
ACH Origination
Account Reconciliation
Lockbox
Merchant Services
SmartPay
Open Account Open Account Open Account

Labor Core Checking

Essentials for lower-volume business activity.
  • 75 transactions included per month ($0.35 each additional transaction)
  • Business VISA® debit card included
    • Access more than 90,000 surcharge-free ATM locations nationwide through MoneyPass® and Allpoint® networks
  • Online and mobile banking plus TeleLink included
  • Electronic statements included
  • Advanced Treasury Management Services available:
    • Insured Cash Sweep available
    • ACH Block
    • External ACH Transfers/Electronic Payments
    • Zero Balance Account
    • Bill Pay
    • Wires
    • ACH Origination
    • Account Reconciliation
    • Lockbox
    • Merchant Services
    • SmartPay
    • Payroll Solutions
    • Remote Deposit Capture
      • (Bank Scanner Provided)
    • Check Positive Pay
    • ACH Positive Pay

Labor Choice Checking

Bundle includes simple ways to earn more on your funds and help protect them from fraud.
  • 75 transactions included per month ($0.35 each additional transaction)
  • 5 complimentary External Transfers per month*
  • Choice Cash Sweep available: Complimentary cash management solution that automatically moves excess balances while keeping funds accessible and earning interest
  • Check and ACH Positive Pay: First 15 exceptions complimentary
  • Business VISA® debit card included
    • Access more than 90,000 surcharge-free ATM locations nationwide through MoneyPass® and Allpoint® networks
  • Online and mobile banking plus TeleLink included
  • Electronic statements included
  • Advanced Treasury Management Services available:
    • Insured Cash Sweep available
    • ACH Block
    • External ACH Transfers/Electronic Payments
    • Zero Balance Account
    • Bill Pay
    • Wires
    • ACH Origination
    • Account Reconciliation
    • Lockbox
    • Merchant Services
    • SmartPay
    • Payroll Solutions
    • Remote Deposit Capture
      • (Bank Scanner Provided)
    • Check Positive Pay
    • ACH Positive Pay

Labor Champion Checking

Custom bundled solutions for higher volume of transactions and complex cash management needs.
  • Rewarded with an Earnings Credit Rate (ECR) to help offset analyzed service fees
  • Remaining analyzed service fees are deducted from the account balance on the statement
  • Unlimited transactions included
  • Business VISA® debit card included
    • Access more than 90,000 surcharge-free ATM locations nationwide through MoneyPass® and Allpoint® networks
  • Online and mobile banking plus TeleLink included
  • Electronic statements included
  • Advanced Treasury Management Services available
    • Insured Cash Sweep available
    • ACH Block
    • External ACH Transfers/Electronic Payments
    • Zero Balance Account
    • Bill Pay
    • Wires
    • ACH Origination
    • Account Reconciliation
    • Lockbox
    • Merchant Services
    • SmartPay
    • Payroll Solutions
    • Remote Deposit Capture
      • (Bank Scanner Provided)
    • Check Positive Pay
    • ACH Positive Pay

Alert: Check & ACH Fraud Is Increasing

489%
Fraud Increase
from 2014–2024*
  • Fraud related to check, ACH, and wire fraud up 489% from 2014–2024*
  • U.S. check fraud up 385% since the COVID-19 pandemic*
  • Strong new threats created by new technology

It’s not if your organization experiences check or ACH fraud it is WHEN.

The result is chaos, lost time and money.

SOLUTION: Labor Choice
with Positive Pay fraud-fighting features.

Learn About Positive Pay →

*Sources: FederalRegister.gov and Treasury Dept.

Contact Treasury Services

*Complimentary external ACH transfers apply to the first five recipients set-up on the account.

Fees and terms are subject to change. Other restrictions apply. Treasury and fraud tools may require enrollment and service agreements.