Save 80% on your Letter of Credit Costs

The LCX brings all the safety and security of a traditional letter of credit...without the costs or hassles.

Apply in Minutes

Satisfy your Lease Security 5X Faster

Our application takes just minutes, account setup happens in less than 72 hours and you can meet your lease security needs in a fraction of the time.

Easy Setup

Open your LCX account with Veritex Bank in just a few simple steps.

Secure Process

Your Data is protected every step of the way

How it Works

Trust and Safety

Backed by the Best

Every account is fully-FDIC insured and held with Veritex Bank. Veritex holds a KRBA BBB+ Rating and maintains over $11B in deposits.

Every LCX is fully-remote, bankrupty exempt and UCC Secured. The LCX Account meets and often exceeds every standard of a traditional LC.

Learn More about Veritex Bank

Estimate your Savings

See how much you'll save with an LCX

Start Saving

Opening an Account

Here is what you will need to open an account with Veritex Bank.

Requirements

Issuance and Execution

Sign your docs, upload your executed lease and we will send your lease security agreement to your Landlord. It's that simple.

See a Sample Agreement

Landlord? See why our program is the best lease security solution in market.

Our account covers 100% of the requirements of a traditional letter of credit and is fully-insured and 100% cash-secured...we're just 80% less in cost and 500% faster.

Let's Talk