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Checking

Small Business Checking

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

  • No minimum balance
  • 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 statements (optional)
  • Free check safekeeping
  • Free telephone banking (24-hour banker)

For annual percentage yield and rate information please e-mail or ask for one of 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 average collected balance*
  • Free telephone banking (24-hour banker)

 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.

Click here to order check supplies for your business from Deluxe. 

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
  • Free telephone banking (24-hour banker)

 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: 091211170

We will need the following information:

  • Customer name
  • Beneficiary and beneficiary address
  • Customer depository account number, or specific instructions as to the purchase of a CD, a loan payment etc.

Domestic wires

  • $30 wire origination fee
  • $6 inbound wire fee
  • $15 fee if wire is not deposited

International wires

  • $50 wire origination fee
  • $6 inbound wire fee
  • $15 fee if wire is not deposited