Business Banking Solutions

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 FEEMAINTENANCE FEEINTEREST BEARINGTRANSACTION 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 FEEMAINTENANCE FEEINTEREST 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.