Business Banking Solutions

 

Business Checking

This basic business checking is a non interest-bearing account for companies and organizations that have a limited number of transactions. Avoid a monthly maintenance fee when you maintain the required minimum balance.

 

  • Minimum opening deposit:  $200.00
  • Minimum daily balance:  $500.00 or $1,500.00 average daily balance
  • Monthly service charge:  $15.00 if the above requirements are not met
  • Up to 150 no-charge transactions per statement cycle; including checks paid, deposits, deposited items, and ACH debits and credits. 
  • Fees: In excess of 150 transactions per monthly statement cycle: $.30 per item
  • Currency & Coins:  No charge for up to $5,000.00 in cash deposits each statement cycle 
  • Currency Deposit: $.10 per $100.00 over $5,000.00 each statement cycle
  • Unlimited Online Banking usage
  • Internet Banking through GrandAccess is available.
  • Bill Pay: Available to businesses at no addtional cost with GrandAccess
  • Imaged checks with monthly bank statement
  • eStatements available

 

Business Checking on Analysis

Business Checking on Analysis is a non interest-bearing account designed for companies with medium to high balances and account activity in which excess funds can be used to offset fees for the account.

 

  • Minimum opening deposit:  $200.00
  • Minimum daily balance:  Earnings Credit 
  • Monthly maintenance fee:  $15.00
  • Deposits and other credits:  $.30 per item
  • Checks paid and other debits:  $.20 per item
  • Deposited item: $.10 per item
  • Currency Deposit:  $.10 per $100.00
  • Unlimited Online Banking usage
  • Internet Banking through GrandAccess is available.
  • Bill Pay: Available to businesses at no addtional cost with GrandAccess
  • Imaged checks with monthly bank statement
  • eStatements available

 

Not-For-Profit Business Checking

 

  • Minimum opening deposit:  $200.00
  • Minimum daily balance:  $500.00 average daily balance
  • Monthly service charge: $15.00 if the above requirements are not met
  • Internet Banking through GrandAccess is available.
  • Imaged checks with monthly bank statement
  • eStatements available

 

 

Interest on Lawyers Trust Account

 

  • Minimum opening deposit:  None
  • Minimum daily balance: None
  • Monthly maintenance fee:  $15.00

 

Remote Deposit Capture

  • Make deposits 24 hours a day, 7 days a week from your office
  • Funds are available faster
  • Improve staff efficiency & reduce transportation costs
  • Consolidation of banking relationships
  • Great for clients who have high check volume or high dollar checks
  • Reduce risk of check fraud

 

 

GrandAccess

  • Ability to view account balances, cash position, maturity, payments & interest
  • Make controlled disbursements, transfers & payments, including unlimited ACH transfers, internal transfers & loan payments
  • Fees:  Three GrandAccess packages are available to accommodate your business needs:
    • Basic: $9.95 per month
    • Silver: $19.99 per month
    • Gold: $29.99 per month

Please refer to our Account Disclosure for more detailed information.

 

Business Banking 


Our experienced team of commerical lenders will work with you to determine which business checking account will meet your specific business needs.  Finding the right checking account for your business is only the beginning.  We will assist you every step of the way to ensure client satisfaction. 

GrandSouth Bank also offers short-tem and long-term financing.  For more information on our financing services, please click Contact Us at the top of the page to contact one of our knowledgeable commercial lenders to discuss your financing needs.