Personal
Banking 101
Our services include:
Personal
Banking 101
Learn personal banking basics from the expert Lake Region Bank team. From savings and checking accounts to credit cards, mobile banking, home loans, and avoiding fraud, our team is here to make managing and protecting your money easy.
Our services include:
- Personal Checking
- Personal Savings
- Home Loans
- Personal Digital Banking
- Personal Card Services
- Good Neighbor Club
Get in Touch
Fill out the form below and one of our personal bankers will be in touch with you soon.
Meet Your
Personal Bankers
Lake Region Bank has been a member of the New London, Willmar, and Sunburg communities for more than 100 years. Our success has always been tied to the success of local families and businesses. Get to know your local community Personal Bankers, who are here to help you find the right checking and savings accounts, apply for a credit card, and explore home and personal loan options tailored to your financial goals.
Explore Our
Personal Banking 101 Videos
To see our legacy continue from our humble beginnings in 1915 to where we are today—with three locations, more than 30 dedicated employees, and the third generation of the Vollan family serving our customers—is truly remarkable.
I’m sure our founders would be amazed to see our Personal Banking Team showcasing all we have to offer through videos shared across the World Wide Web! While so much has changed over the years, one thing has remained constant: our unwavering commitment to serving the communities we call home.
Personal Checking Basics
Whether you pay with card, cash, check, or a digital wallet, a personal checking account makes getting paid and making payments easy. We feature three unique checking accounts. From our Simply Checking which offers total checking convenience and requires no minimum balance, Classic Checking that is interest bearing and offers other added benefits, and our GNC Checking which offers exclusive travel opportunities for customers age 50 or better. Whether you are just getting started with a checking account or looking to change banks or account types we’ve got an account for you. Get the details from our personal bankers.
All About Personal Savings
No matter how you choose to save or invest, Lake Region Bank offers a variety of FDIC insured savings accounts and certificates of deposit (CDs) designed to help you achieve your financial goals. You can compare our savings and CD options on our website to find the solution that best fits your needs.
A savings account provides a secure way to set money aside for future goals, whether you’re building an emergency fund, saving for a major purchase, or planning ahead. In this video, our Personal Banking experts explain the different types of savings accounts available and how each can help support your financial future.
Home Loans 101
Make your next big purchase with confidence. Whether you are buying, building, refinancing, or using the equity in your home, Lake Region Bank has a home loan program that will fit your needs. Combine our competitively priced loans and fast and efficient application process with strength, stability, and personal service, and you’ve got the best of all worlds. Learn everything you need to know about the home lending process from our expert home lending team.
Personal Loans 101
Planning to purchase an RV or finance another major purchase? Lake Region Bank offers competitive auto and personal loan options to help you finance the things that make life fun.
Whether you’re buying a new or used vehicle, motorcycle, boat, snowmobile, ATV, camper, or RV, our flexible loan options and competitive rates can help make your purchase more affordable.
Did you know a personal loan can also be used to finance a variety of life’s important purchases? In this video, our lending team explains how personal loans work, what they can be used for, and how they can help you find the financing solution that best fits your needs.
Get to Know the Good Neighbor Club
Aged 50 or better? Then you’ll want to get to know our Good Neighbor Club! Meet your financial goals and enjoy several educational, social, and travel activities with other Good Neighbors. It’s a great way to meet and share experiences with new acquaintances, long-time friends or acquaintances who become friends. Join the club to get banking services designed just for you, including perks at the bank, and exclusive travel opportunities. Ask Betty she will tell you all the reasons to Travel with Lake Region Bank!
Budgeting 101
A good budget can help you make sense of where your money’s going so you can do more with it. It helps you achieve financial goals, prepares for emergencies, reduces financial stress, empowers intentional spending, and promotes accountability. Our bankers share how to save it for the future, spend it wisely, and watch it grow.
What You Need to Know About Bank Fraud
Fraud is on the rise! Learn how to spot the signs of bank fraud and discover how to protect yourself and your money. Some ways to reduce and recognize fraud and scams; check your accounts regularly, be wary of public Wi-Fi, use strong passwords, don’t click on links, protect your PIN, shred sensitive documents, and use secure payment methods just to name a few. Lake Region Bank team members are here to help if you’ve got questions on this important ever-changing issue.
What Is a Digital Wallet?
Discover the convenience of Lake Region Bank’s digital banking products and services. Whether you’re interested in using Apple Pay, Google Wallet, or another digital wallet, our team is here to help you understand how these tools can make everyday banking easier.
Local Bankers. Big City Solutions.
We’re proud of what we’ve built over the last 110 years. Bankers. Neighbors. Minnesotans. We are blessed and proud to be all three. Our Team members live and work in your community, and you’ll see them at many of your neighborhood events. Our success has always been tied to the success of local families and businesses. From personal banking, business banking, insurance and wealth management services, Lake Region Bank is your financial partner and good neighbor. Reach out and get acquainted with your Lake Region Bank family.
Personal Banking Made Easy
Explore our solutions and learn more about our personal banking resources? Here’s a closer look at three of our most popular tools.
Debit Cards
- Use your Lake Region Bank MasterCard debit card for purchases at restaurants, shops, hotels, and more.
- It’s not credit, it’s cash, and your purchase is automatically deducted from your checking account.
- Plus, you can withdraw cash from your account anytime at any ATM anywhere in the world.
- Plus, you can walk out of the bank with your instant issue debit card ready for use today!
Credit Cards
- Choosing the right credit card is easier than ever.
- Whether you want to pay down balances faster, maximize cash back, earn rewards or begin building your credit history, Lake Region Bank has the right card for you.
- Choose from cash back, travel rewards, and more.
- With fraud protection, mobile purchasing capacity, and 24/7 cardmember services, our credit cards are great options.
Mobile App
- Build a budget that works for you.
- Understand how to use your savings and checking accounts.
- Simplify and automate your monthly bills.
- Use your digital wallet and protect yourself from fraud.
- Apply for a home loan or personal loan.
- Download Lake Region Bank’s Mobile App
Frequently Asked Questions
About Personal Banking
What is Personal Banking 101?
Personal Banking 101 is Lake Region Bank’s educational resource center for personal banking. We’ve designed this page to help you understand banking basics, including checking and savings accounts, personal loans, home loans, digital banking, digital wallets, fraud prevention, and more.
How do I choose the right checking account?
The best checking account for you depends on how you manage your money. Lake Region Bank offers options ranging from a no-minimum-balance checking account to interest-bearing accounts and specialized accounts for customers age 50 and better.
Why should I have a savings account?
A savings account is a secure place to set aside money for emergencies, future purchases, and long-term financial goals. It can help you build healthy financial habits while keeping your funds easily accessible.
What can I use a personal loan for?
Personal loans can be used to finance a variety of purchases, including vehicles, campers, RVs, motorcycles, watercraft, and other major expenses. Loan options and terms vary based on your needs and qualifications.
What is a digital wallet?
A digital wallet is an app that securely stores your debit card, credit card, and other payment information so you can make purchases using your smartphone, smartwatch, or other device. Popular options include Apple Pay, Google Pay, and Samsung Wallet. You can add your Lake Region Bank debit card and credit card to your digital wallet.
How can I protect myself from bank fraud?
To reduce your risk of fraud, monitor your accounts regularly, use strong passwords, avoid suspicious links, protect your PIN, and take advantage of secure digital banking tools and alerts.
What digital banking services does Lake Region Bank offer?
Lake Region Bank offers online banking, mobile banking, mobile deposit, eStatements, Bill Pay, and Zelle® so you can manage your finances wherever and whenever it’s convenient for you.
Who can benefit from the Good Neighbor Club?
The Good Neighbor Club is designed for customers age 50 and better. It offers exclusive benefits, including travel opportunities, educational events, special account features, and other member perks.
Get Connected
Download the Lake Region Bank digital banking app and Google Wallet, Samsung Wallet, or Apple Wallet.
Do More with
Your Money
The Lake Region Bank team is here to help you make the most of your money.
