Business Accounts

Account Options

Our accounts are designed to accommodate businesses and professional offices with varying financial needs.

All GSB Business Checking accounts include a minimum opening deposit amount of $100. Statements are issued monthly. For additional information, contact info@gsb.com or call 847-729-1900.

Checking
Checking Account Transactions Minimum Balance Requirement / Fee Interest
Business Life

300 combined checks / debits / ACH and deposited items

Excess items $0.40

$7,500 average balance or combined personal or business accounts

$10 if below

 No
Low Volume Business

150 combined checks / debits / ACH and deposited items

Excess items $0.30

None

$4 monthly fee

 No
Interest Bearing Business
(not-for-profit and sole proprietorship businesses only)

1st ten transactions free (includes ACH transactions)

Additional transactions $0.30 each

$2,000 average balance

$12 if below

 Yes, on collected balances
Business Analysis A no-minimum balance account that receives an earning allowance on the funds available to offset services used each month.

Account maintenance

Deposits
ACH items posted
GSB checks deposited
Non-GSB checks dep.

Checks
Checks inclearing
Coin purchase / roll

Stop payment
(check or ACH)

 

Other fees may apply

 

 

$15.00


.50
.20
.17
.17

.20
.20
.10

30.00

 

 

 

 

 
Savings
Savings Account Transactions Minimum Balance Requirement / Fee Interest Statements
Business Money Market

Six withdrawals / cycle of which no more than three can be by check (minimum check amount is $500)

Excess withdrawals $25.00 each

$2,500 to open and maintain

$25 monthly fee if below

 Yes, based on daily collected balance method, accrued daily, compounded and credited monthly Monthly

Business Life Savings

Eighteen withdrawals / quarter. Excess withdrawals are $1.50 each.

45 deposited items / quarter. Excess items $0.30 each

$250 to open and maintain

$9 quarterly fee if below

 Yes, based on daily collected balance method, accrued daily, compounded and credited quarterly Quarterly