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Business Services
Business Savings Accounts | Money Market Business Savings Elite
Direct Teller | Safe Guard
Business Checking
- Monthly maintenance fee: $ 5.00
- Check clearing charge, per item: $ 0.12
- Check deposit charge, per item within deposit: $ 0.12
- Cash order fee ($5,000 & over): $ 10.00
- Food stamps within deposit: $ 1.00
Money Market Business Checking
- Monthly maintenance fee: $ 5.00
- Check clearing charge, per item: $ 0.12
- Check deposit charge, per item within deposit: $ 0.12
- Cash order fee ($5,000 & over): $ 10.00
- Food stamps within deposit: $ 1.00
Corporations, partnerships, associations, or other organizations organized or operated to make a profit are not eligible for this account.
There are two differences between this account and a Business Checking.
- This account will pay interest each month instead of an earnings credit.
- All the charges will be direct charges and not eligible to be waived by balances.
Business Savings Accounts
|
$100 and over Below $100 |
- 0 - $ 3.00 |
Money Market Business Savings Elite
Interest Rate / Annual Percentage Yield Tiers
| $ 0 - 4,999.99 5,000 - 19,999.99 20,000+ |
for current Interest Rates or click here |
- No fee for Travelers Checks for One
- The interest rate earned will be according to your average daily balance.
NOTE: The above savings plans are statement accounts. A monthly statement will be produced; a quarterly statement will be produced if no account activity occurs during the month.
Teller Direct
Greenville Federal's Teller Direct uses state of the art technology to provide you a 24-hour information service that is close as the nearest touch tone telephone.
You may obtain:
- Account balances
- Savings and Checking account history
- Year-to-date interest received / paid
- Savings account history
- Previous year-to-date interest received / paid
- Fax of your 30-day checking history (1 free per statement cycle; additional faxed statement: $ 5.00)
You may transfer funds between your Greenville Federal Checking and Savings Accounts and Home Equity Line-of-Credit.
Note: Due to regulatory requirements, only six electronic transfers from/to savings accounts are allowed per statement cycle.
Safe Guard
Safe Guard offers you an alternative to surprise overdrafts on your checking account. With your Safe Guard on duty, funds are automatically transferred from your Greenville Federal:
- Savings Account
- Alternative Checking Account
- Previously established Line-of-Credit Account
Safe Guard helps protect valued customers from the embarrassment of returned checks.
- A $10.00 per day transaction fee will be assessed for one or more transactions that take place on that day.
Fees assessed when applicable
| Non-sufficient funds, per item |
$24.00 |
| Overdrafts/unavailable funds, per item |
$24.00 |
| Per-check fee for third party check returned to Greenville Federal |
$6.00 |
| Per-check fee when a customer's check is returned for non-sufficient funds |
$24.00 |
| Stop-payments |
$24.00 |
| Photo copy of canceled checks |
$1.00 |
| Copy of statements |
$1.00 |
| Certified check |
$5.00 |
| Cashiers check |
$5.00 |
| Teller check |
$1.00 |
| Outgoing wire transfer |
$20.00 |
| Incoming wire transfer |
$10.00 |
| Account balancing assistance (per hour) |
$11.00 |
| Printed check order varies according to style and quantity | |
| Account research, (per hour, 1 hour minimum) |
$11.00 |
| Research copies (per page) |
$0.25 |
| Court ordered withdrawals, garnishment, or similar items, one time only |
$11.00 |
| Court ordered withdrawals, etc., weekly |
$5.00 |
GF Online Banking Service Fees
| Online Banking Usage for Checking Customers |
Free! |
| Online Banking Usage for Savings Only Customers |
$2.00 per month |
| Bill-Pay for Generations Gold Checking Customers |
Free on One Account |
| Bill-Pay for Free Checking Customers |
Free if paying 3 bills per month, otherwise $4.95 per month |
| Online Bill-Pay Stop Payment |
$25.00 |
| Online Bill-Pay Non-sufficient Funds |
$49.00 |
| Multiple access IDs for same account |
$2.00 per ID per month |
INTEREST PAYMENT AND BALANCE COMPUTATION METHODS
Your interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your Business Account. We may change the interest rate on your Money Market Business Checking and savings plans weekly.
Interest on all interest-bearing Checking and Savings Accounts referenced in this brochure is compounded daily. Interest is credited monthly on Checking Accounts and quarterly to Savings Accounts.
To obtain the annual percentage yield you must maintain a minimum balance of $1.00 in the account each day. Interest begins to accrue on the business day you deposit non-cash items. If you close the account before interest is credited, you will receive the accrued interest.
We use the average daily balance method to compute interest. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use for Money Market Business Checking is monthly. The period we use for Savings Accounts is quarterly.
