Business Banking Solutions

 

Business Checking

This basic business checking account is a non interest bearing account for companies and organizations with limited monthly transactions.

 

  • Minimum opening deposit:  $200.00
  • No minimum daily balance required
  • Up to 500 no-charge transactions per statement cycle; including checks paid, deposits, deposited items, and ACH debits and credits. 
  • Currency & Coins:  No charge for up to $5,000.00 in cash deposits each statement cycle 
  • Internet Banking through GrandAccess is available.
  • Mobile Banking with Mobile Deposit available
  • Online Bill Pay is available
  • eStatements Required

 

Business Interest Checking

This business interest checking account is an interest-bearing account for companies and organizations with an average minimum balances required.

 

  • Minimum opening deposit:  $200.00
  • $10,000.00 average minimum balance per cycle required
  • Interest Bearing Account
  • $15.00 monthly service charge (waived if minimum balance requirement met)
  • Up to 500 no-charge transactions per statement cycle; including checks paid, deposits, deposited items, and ACH debits and credits. 
  • Currency & Coins:  No charge for up to $5,000.00 in cash deposits each statement cycle 
  • Internet Banking through GrandAccess is available.
  • Mobile Banking with Mobile Deposit available
  • Online Bill Pay is available
  • eStatements Required 

 

Business Checking on Analysis

This is a non-interest bearing account for companies with medium to high balances and high account activity in which excess funds can be used to offset fees for the account

 

  • Minimum opening deposit:  $200.00
  • $15.00 maintenance fee with earnings credits available to reduce or eliminate monthly fee.
  • Instant Issue Debit Card Available
  • Internet Banking through GrandAccess is available
  • Mobile Banking with Mobile Deposit available
  • Online Bill Pay is available

 

Interest on Lawyers Trust Account

 An Interest on Lawyer's Trust Account (IOLTA) is an interest bearing trust account that holds funds or escrow for a third party.  The interest earned on the account helps fund legal assistance programs.

 

  • Minimum opening deposit:  None
  • No minimum daily balance required
  • Interest bearing account
  • $15.00 monthly maintenance fee

 

Business Money Market

The perfect account for those who wish to keep their money secure, have limited financial transactions, and earn interest on your account balance.

 

  • Minimum opening deposit: $200.00
  • $1,000.00 minimum balance requirement
  • Interest bearing account
  • $15.00 monthly service charge (waived if minimum balance requirement met)
  • Internet Banking Available
  • Six withdrawals per statement cycle

 Additional Business Banking Products and Services

Additional charges may apply to all products services listed below:

  • GrandAccess (Business Online Banking)
  • Remote Deposit Capture
  • Positive Pay
  • Event Manager
  • Merchant Services provided by Payscape
  • GrandSouth Bank Corporate Credit Cards

 

 

 

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.