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

$5,000 average balance

$15 if below

No
Low Volume Business

150 combined checks / debits / ACH and deposited items

Excess items $0.30

None

$6 monthly fee

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

$0.30 charge per check/debit/ACH/
deposited item

$7,500 average balance

$15 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.

Monthly maintenance

Statement fee

 

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

$5.00
(waived with eStatement)

.50
.20
.17
.17

.20
.20
.10

30.00

 

 

 

 

 

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

No more than six preauthorized
withdrawals, automatic or telephone
transfers, checks, drafts and debit card
or other similar transactions per month.
Minimum check amount is $500
Excess withdrawals are $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

No more than six preauthorized withdrawals,
automatic or telephone transfers, drafts and
debit card or other similar transactions
per month. (add’l restrictions may apply)
45 deposited items per quarter
($0.25 excess fee per item)

 

$250 to open and maintain

$9 quarterly fee if below

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