Grand River Bank - Deposits

BUSINESS DEPOSITS

WE HAVE A SOLUTION THAT FITS YOUR NEEDS

FLEXIBLE. RESPONSIVE. INNOVATIVE.

ACCOUNT TYPE	DESCRIPTION	MINIMUM BALANCE	ACCOUNT BENEFITS
FREE BUSINESS	No Monthly Fee 150 free transaction items	None	Monthly fee waived with Direct Deposit Unlimited transactions
FREE BUSINESS	A basic checking account designed for businesses with low transaction volume and modest balances. Includes 150 free transaction items per month, free online banking, and free online bill payment, up to 10 per month.
SMALL BUSINESS	Low transaction volume and balances	$2,500 daily average	300 free transaction items
SMALL BUSINESS	Designed for businesses with limited transaction volume and moderate balances. Includes 300 free transaction items per month, free online banking, and free online bill payment, up to 20 per month.
COMMERCIAL BUSINESS	Medium transaction volume and balances	$10,000 daily average	Earnings Credit 500 free transaction items
COMMERCIAL BUSINESS	Designed for businesses with medium transactions volume and balances. Includes 500 free transaction items per month, free online banking, and free online bill payment, up to 20 per month.
ANALYSIS ACCOUNTS	High transaction volume and balances	None	Earnings Credit Unlimited transactions
ANALYSIS ACCOUNTS	This account is designed for businesses with high transaction volume and higher balances. Service charges and transaction fees can be offset with an earnings credit based on the average collected balances maintained in the account. Any excess earnings credit is carried over each month. Includes free online banking, and free online bill pay, up to 20 per month.
BUSINESS NOW	Sole Proprietors/DBA’s	$2,500 daily average	Interest-bearing 300 free transaction items
BUSINESS NOW	An interest bearing account designed for Sole Proprietors. Includes 300 free transaction items per month, free online banking, and free online bill payment, up to 20 per month.
COMMUNITY NOW	Non-Profits and Municipalities	$5,000 daily average	Interest-bearing 500 free transaction items
COMMUNITY NOW	Designed exclusively for the Non-Profits and Municipalities in our market area, this interest-bearing account pays competitive rates on tiered balances. Includes 500 free transaction items per month, free online banking, and free online bill payment, up to 20 per month.

ACCOUNT TYPE	DESCRIPTION	MINIMUM BALANCE	ACCOUNT BENEFITS
MONEY MARKET	Earn interest on your funds while keeping them accessible	$10,000 daily average	Tiered interest rates 6 pre-authorized debits/month Limited check writing privileges
MONEY MARKET	Designed to improve the earning power of excess funds. Pays a competitive interest rate on tiered balances. Includes limited check writing privileges and unlimited deposits and other credits and in person withdrawals. Preauthorized debits, including checks, are limited by Federal regulation to six (6) per month.
STATEMENT SAVINGS	Low minimum balance	$1,000 daily minimum	Interest-bearing 6 pre-authorized debits/month
STATEMENT SAVINGS	Designed as a traditional interest bearing savings account with a low minimum balance requirement. Make unlimited deposits and in person withdrawals as needed. Preauthorized debits are limited by Federal regulation to six (6) per month.
SWEEP SAVINGS	Automatically sweeps to and from a business checking	$10,000 daily average	Tiered interest rates 6 pre-authorized sweeps/month
SWEEP SAVINGS	Designed to maximize earnings on excess funds, this account pays competitive interest rates on tiered balances, with a moderate balance requirement. Automatic sweeps are limited by Federal regulation to a total of six (6) per month.
CD’S	Improves earning power of excess funds	$1,000 minimum to open	Tiered interest rates based on term up to 60 months
CD’S	CD’s pay competitive interest rates based on the term of the CD. Term availability varies from 3 – 60 months. Penalties may be imposed with withdrawals prior to maturity.

NEED MORE? WE OFFER CUSTOMIZED PLANS TO FIT YOUR BANKING NEEDS.

ADDITIONAL SERVICES AVAILABLE

ONLINE BANKING

24-hour access to your account

BILL PAY & Zelle®

Pay bills or people electronically through online banking or mobile device

MOBILE BANKING

Access your accounts and make deposits from your mobile device

E-STATEMENTS

Online statements with check images

BANK BY MAIL

Use our free, postage-paid, bank-by-mail envelopes to make deposits or payments

NIGHT DEPOSITORY

Use our free night depository for your after-hours deposits

DEPOSIT SERVICES

Checking, Savings & CD’s

AUTOMATIC PAYMENTS

Set up auto payments from your Grand River Bank account or any other bank account

CASH MANAGEMENT FOR BUSINESS

ACH, Remote Deposit Capture, Sweep Accounts, and Wire Transfers

MERCHANT SERVICES FOR BUSINESS

Use our preferred merchant services for your debit and credit card processing

COURIER FOR BUSINESS

Let the Bank come to you

VISA DEBIT / ATM CARD WITH CARDVALET

Convenient access to your funds anytime and instant notification of your activity with CardValet. Turn your card on and off and restrict where it can be used quickly.