Business Banking

Checking

Small Business Checking | Business Checking | Business Interest Checking
Wire Transfer Information

Current Rates

Small Business Checking

As the perfect account for businesses with few monthly transactions, this account features:

No minimum balance required
No monthly maintenance fee when fewer than 30 ledger entries per month
$0.20 per ledger item over 30 entries per month
$5 per month for image statement (optional)
Free check safekeeping
Free telephone banking (24-hour banker)

For annual percentage yield and rate information please email or call our Business Bankers at 218.326.9414.

The above accounts are subject to change without written notification. We may change current rates at our discretion.

Business Checking

The benefits of the Business Checking account are tailored to fit the needs of most large businesses. Features include:

No minimum balance required
$5 monthly maintenance fee
$0.10 per ledger entry
$0.07 per out-of-town check deposited
$1.50 credit per $1,000.00 average collected balance*
Free telephone banking (24-hour banker)

For annual percentage yield and rate information please email or call our Business Bankers at 218.326.9414.

The above accounts are subject to change without written notification. We may change current rates at our discretion.

*There will be an uncollected funds charge of Prime plus four percent if your account has a negative average collected balance for a statement cycle.

Business Interest Checking

The Business Interest Checking account is designed for non-profit organizations and eligible businesses. This is an interest bearing account. Account details include:

$2,500 minimum balance
$10 monthly maintenance fee if below minimum required
First 40 ledger items FREE, $0.10 per ledger item after the first 40
Tiered interest rate calculated daily and paid monthly
Corporations and partnerships are not eligible, including husband and wife partnerships
Free telephone banking (24-hour banker)

For annual percentage yield and rate information please email or call our Business Bankers at 218.326.9414.

The above accounts are subject to change without written notification. We may change current rates at our discretion.

Wire Transfer Information

Grand Rapids State Bank welcomes your wire transfers! We are online with the Federal Reserve Bank, and here to serve your needs. You will need our ABA/Routing number:

ROUTING#: 091211170

We will need the following information: Customer name, beneficiary and beneficiary address and the customer depository account number or specific instructions as to the purchase of a CD, a loan payment etc.

Domestic Wires

$30.00 Wire Origination Fee
$6.00 Inbound Wire Fee
$15.00 Fee if wire is not deposited

International Wires

$50.00 Wire Origination Fee
$6.00 Inbound Wire Fee
$15.00 Fee if wire is not deposited