Business Banking
As a business professional, you know that a strong relationship with your bank can be an important factor in the success of your company. At Grove Bank & Trust, we offer efficient and cost-effective business banking solutions to meet and exceed the needs of your growing organization.
DEPOSIT ACCOUNTS
|
ACCOUNT
TYPE
|
MINIMUM OPENING DEPOSIT | WAYS TO AVOID MAINTENANCE FEE | MAINTENANCE FEE | INTEREST BEARING |
TRANSACTION
FEES
|
|---|---|---|---|---|---|
|
Business Checking |
$100 |
$500 (minimum daily balance) |
$10 (monthly) |
No | $.35 per item in excess of 100 checks and 50 deposits per month |
|
Professional Checking |
$100 |
$2,500 (minimum daily balance) |
$20 (monthly) |
No |
$.35 per item in excess of 250 checks and deposits per month |
|
Non-Profit Checking |
$100 |
$500 (minimum daily balance) |
$10 (monthly) |
Yes | $.35 per item in excess of 100 checks and 50 deposits per month |
|
Commercial Checking* |
$100 |
N/A |
$20 (monthly) |
No |
$.15 per item fee |
|
Interest On Trust Account |
$100 |
N/A |
N/A |
Yes |
N/A |
|
Public Funds Interest Checking |
$500 |
$500 (minimum daily balance) |
$10 (monthly) |
Yes |
$.35 per debit item in excess of 100 or deposits in excess of 50 |
Saving Accounts
| ACCOUNT TYPE |
MINIMUM
OPENING DEPOSIT
|
WAYS TO AVOID MAINTENANCE FEE |
MAINTENANCE
FEE
|
INTEREST
RATE TERMS
|
|---|---|---|---|---|
| Business Savings | $100 |
$300
(minimum daily balance)
|
$5
(quarterly)
|
$300+ |
| Money Market | $100 |
$2,500
(minimum daily balance)
|
$15
(monthly)
|
$2,500 - $99,999
$100,000 - $249,999
$250,000 - $999,999
$1,000,000+
|
|
Certificate of Deposit
Early withdrawals may reduce earnings.
|
$2,500 |
N/A
|
$0
|
31 days - 5 years |
High Tech Solutions
- Free ATM use at all Publix Presto! terminals
- Online banking with electronic bill payment
- Online statements
- Mobile banking
- Visa Credit Cards
- Positive Pay (fraud prevention)
- Secure email notification of wire transfers
- Direct deposit
- Cashier’s checks
- Bank-by-mail
- Night depository
- 24 Hour Telephone banking
*Earnings credit available to help offset fees.
Please refer to the service fee schedule and account agreements for additional fees and restrictions related to these accounts. Rates vary. Meet with a banker for specific information.
Please refer to the service fee schedule and account agreements for additional fees and restrictions related to these accounts. Rates vary. Meet with a banker for specific information.