Checking and Savings Accounts
Your checking and savings accounts will automatically be transferred to Horizon on September 23, 2017. The terms and maintenance fees of your deposit accounts will remain the same. There will be no need for action on your part, unless of course you find a Horizon account that you believe better serves your needs. If so, let us know and we’ll move you into that account, often without needing to change your existing account number.
Account Numbers: Your account numbers will remain the same.
Checks: The checks and deposit slips you currently have are still valid so keep using them. When it is time to reorder new checks you may order online or contact your local branch to receive new Horizon checks.
Direct Deposits: The direct deposits you have established for your accounts will continue as is with no action needed on your part.
Automatic Transfers: If you have recurring transfers of funds between your Lafayette Community Bank deposit accounts, these will not convert and will need to be reestablished on or after September 25th. If you have automatic payment drafts coming directly from your checking account, these will remain unchanged as your account number will not change and the routing number will automatically transfer to Horizon.
Statements: You will continue to receive your account statements as usual – most of them on the same date as your existing statement date. Your final statement from Lafayette Community Bank, detailing activity through September 22nd, will be mailed to you shortly after that date. If you receive eStatements, your final statement will be sent to you as a paper statement via the mail. After September 25th, new eStatements will be available on Horizon’s Online Banking platform.
Overdraft Protection: If you currently protect your checking account from overdrafts, the way you protect your account now will continue to work. Whether you use automatic transfers from another account or overdraft protection from a line of credit tied to your account, both options will continue to work for you.
CDs and IRAs
The account numbers on your existing Certificates of Deposit and Individual Retirement Accounts will remain the same. In addition, the rates and terms on these accounts will be honored until they mature. Within 30 days prior to the maturity date of your account, you will receive a renewal notice that outlines the date your account is maturing, balance of your account at renewal, terms and conditions, including any penalties for early withdrawal.