Business Checking

We are committed to meeting the financial needs of your business — and to helping it grow.

Greylock offers four different business checking accounts, so there’s an option that works best for your business. Do you have questions about Business Checking? Give us a call, visit, or contact us online. We’d love to hear about your business!

Compare Business Checking Accounts

For more account details and disclosures, see below or contact us.

Business Checking Accounts

Basic Checking

This interest-bearing account is designed for the business that does not need checks returned to them.

  • Monthly Maintenance Fee: $10.00
  • Checks allowed monthly at no charge: 100
  • Deposited Items allowed monthly at no charge: 100
  • Fee Per Each check in excess of 100 per month: $0.15
  • Fee Per Each item in excess of 100 each month: $0.15

Checks will not be returned, but held by the credit union. A statement will be sent to you shortly after month's end. Night deposit disposable bags are available at $20.00 per hundred.

Free Checking

This account is designed for a business with limited account activity.

  • Monthly Maintenance Fee: None
  • Checks allowed monthly at no charge: 50
  • Deposited Items allowed monthly at no charge: 100
  • Fee Per Each check in excess of 50 per month: $0.35
  • Fee Per Each deposited item in excess of 100 each month: $0.35

Your statement will be sent to you shortly after month's end. Paid Checks are not returned to you with this account. Night deposit disposable bags are available at $20.00 per hundred.

Checking Plus

The checking product preferred by most businesses.

  • Monthly Maintenance Fee: $5.00
  • Transaction Charges Per Check: $0.15
  • Transaction Charges Per item in a deposit: $0.08
  • Deposits: None
  • Night deposit disposable bags: None
  • Earnings Credit*: Subject to change

There are no charges for deposits made at any of our locations. A statement and check images will be sent to you shortly after month's end.

*Earnings Credit - A market rate as determined by Greylock. This credit will be applied to transaction charges during the month and will help to reduce or offset fees. The earnings credit percentage will apply to your average balance for the month. Excess earnings credit will not be applied to the account.

A reserve factor may be applied to the average balance.

High Yield

This exciting account offers the flexibility of a business checking account and still earns interest.

  • Monthly Maintenance Fee: $50.00
  • Transaction Charges: None
  • Interest Rate: Subject to change

A statement and paid check images will be sent to you shortly after month’s end.

Business Checking Account Rates

Minimum Balance to Earn APY Dividend Rate APY1Go to footnote 1 Alert Me
Business Checking Plus None Pays Earnings Credit2Go to footnote 2 Receive a notification when this rate changes
Free Business Checking None 0.00% 0.00% Receive a notification when this rate changes
Basic Business Checking $15.00 0.05% 0.05% Receive a notification when this rate changes
High Yield Business Checking $0 to $49,999 0.10% 0.10% Receive a notification when this rate changes
$50,000 to $99,999 0.20% 0.20% Receive a notification when this rate changes
$100,000 or more 0.30% 0.30% Receive a notification when this rate changes
IOLTA Checking None 1.00% 1.00% Receive a notification when this rate changes
Receive a notification when this rate changes
Earnings Credit Rate 0.000502Go to footnote 2 Receive a notification when this rate changes
  • 1APY = Annual Percentage Yield. Rates subject to change. Rate effective date as-of date listed. Minimum balance to open account and earn stated APY.
  • 2Earnings Credit Formula: Avg Bal $____x .90 x Earnings Credit Rate____/365x31=$____. This credit will be applied to transaction charges during the month and will help to reduce or offset fees on the Business Checking Plus account only. The earnings credit percentage is applied to 90% of the average collected balance for the month. Excess earnings credit will not be applied to the account. There is no fee for this feature of all Business Checking Plus accounts.