Business Checking Products

BUSINESS BANKING

Free Business Checking Account

Designed for Business Professionals
The Grand Bank, N.A. Business checking account meets the
demands of the growing small to medium size business.

  • There is no monthly service charge, maintenance fee, charge per check or items deposited fee.       

Grand Business Checking Account

Interest bearing account for sole proprietorships, nonprofit
organizations and state and local governments

  • Interest is compounded and credited monthly when you
  • maintain daily collected balance of $ 2,500.00 or more
  • If average daily balance falls below $ 2,500.00, monthly service of $ 10.00 applied
  • Checks paid per statement cycle 75 or less at no charge
  • If checks paid exceed 75 the charge is $ 0.10 per item over 75
  • No item deposit fee if 100 items or less in statement cycle
  • If deposit items exceed 100 in the statement cycle, the fee is $ 0.15 per item over 100

Business Money Market Checking Account

Earn market rates on your checking account balance

  • When you maintain daily balance of $ 5,000.00 or more:
  • Interest rate is tiered on balance as it increases
    • Balance under $ 5,000.00    No Interest
    • Balance of $    5,000.00 to $ 19,999.99
    • Balance of $ 20,000.00 to $ 49,999.99
    • Balance of $ 50,000.00 to $ 74,999.99
    • Balance of $ 75,000.00 or more
  • Interest is compounded daily and credited monthly
  • If your daily balance falls below $ 5,000.00 monthly service charge of $ 10.00 applied
  • No items deposited fee if 50 or less in statement cycle
  • If deposit items exceed 50 in the statement cycle, the fee is $0.15 per item over 50
  • Transfers to another account or third parties by pre-authorized, automatic or telephone transfer are limited to six per statement cycle.
  • A fee of $ 10.00 will be charged for each debit that exceeds the transaction limitations.
  • If  transaction limit is exceeded three times in any 12-month cycle, account will convert to a non-interest bearing account in accordance with Federal Regulations

Check-Mate (Business Overdraft Checking)

Protection from overdrafts, plus an automatic line of credit

  • Apply for when you open a Free Business Checking account
  • Line of Credit from $ 5,000 to $ 25,000.00
  • Interest rate Grand Bank, N.A. Prime + 2.5%
  • Line Term 2 years; Clean up required for 30 days
  • Application Fee $ 100.00
  • Renewal Fee at end of 2 year term $ 50.00
  • Advances in increments of $ 250.00
  • Monthly statement will be mailed for each account
  • Monthly payment will be only interest due on the outstanding credit line balance; principal payment may be made at any time.