Personal Banking
Grand Valley Bank offers a wide selection of personal checking accounts to suit any need or lifestyle. Monthly service fees for most of our accounts can be waived if you maintain a minimum balance or average daily balance. All Grand Valley Bank Personal Checking account customers benefit from the following basic account features, and more features are available to fit your needs and goals.
Available Accounts
Features & Benefits:
Free:
- Debit Card
- NetTeller (online banking)
- Bill Pay (requires NetTeller)
- Mobile Banking
- E-Statements (all statements include images)
- How to Avoid the Monthly Maintenance Fee:
- No minimum balance required. 10 paid debit card transactions (note: pending items are not considered paid) during each monthly statement cycle with the e-statement election will waive the fee. ACH encouraged.
- Per Item Charges:
- 5 Free checks per month, then $.25 each additional.
| Amount Needed To Open: | $100.00 |
| Monthly Maintenance Fee: | $7.50 |
Features & Benefits:
Free:
- Debit Card
- NetTeller (online banking)
- Bill Pay (requires NetTeller)
- Mobile Banking
- E-Statements (all statements include images)
No minimum balance required.
- Per Item Charges:
- 10 Free debits per month, then $.75 each additional.
| Amount Needed To Open: | $100.00 |
| Monthly Maintenance Fee: | No monthly fee. |
Features & Benefits:
Free:
- Debit Card
- NetTeller (online banking)
- Bill Pay (requires NetTeller)
- Mobile Banking
- E-Statements (all statements include images)
- How to Avoid the Monthly Maintenance Fee:
- Keep either a minimum balance of $200 or an average daily balance of $500 to waive the fee.
- Per Item Charges:
- Unlimited free debits each month if average daily balance is $500 or more.
40 Free debits per month, then $.15 each additional if average daily balance is less than $500.
| Amount Needed To Open: | $100.00 |
| Monthly Maintenance Fee: | $7.00 |
Features & Benefits:
Free:
- Debit Card
- NetTeller (online banking)
- Bill Pay (requires NetTeller)
- Mobile Banking
- E-Statements (all statements include images)
- How to Avoid the Monthly Maintenance Fee:
- Keep either a minimum balance of $1,000 or an average daily balance of $3,500 to waive the fee.
- Per Item Charges:
-
Unlimited free debits each month if average daily balance is $3,500 or more.
40 free debits per month, then $.25 each additional if average daily balance is less than $3,500.
| Amount Needed To Open: | $100.00 |
| Monthly Maintenance Fee: | $12.00 |
Features & Benefits:
Free:
- Debit Card
- NetTeller (online banking)
- Bill Pay (requires NetTeller)
- Mobile Banking
- E-Statements (all statements include images)
- GVB logo or safety paper checks; pay only shipping.
- Official Checks, Travel Cards & Telephone Transfers
- Other Benefits:
-
½% discount on consumer loan rate (W.A.C.)
¼% higher CD rate
$20 annual credit toward safe deposit box rental.
- Per Item Charges:
- Unlimited debits – no fee.
- How to Avoid the Monthly Maintenance Fee:
- If your combined minimum checking, savings & CD balances are greater than $5,000, the fee is waived.
| Amount Needed To Open: | $100.00 |
| Monthly Maintenance Fee: | $10.00 |
Features & Benefits:
Free:
- Includes all the Free items & Other benefits from the Star Account listed above, plus:
- 1/8% discount on Mortgage loans (W.A.C.)
- 3% discount on OverDraft Protection Line of Credit (W.A.C.)
This account pays interest.
- Per Item Charges:
- Unlimited debits – no fee.
- How to Avoid the Monthly Maintenance Fee:
- If your combined minimum checking savings & CD balances are greater than $10,000, the fee is waived.
| Amount Needed To Open: | $100.00 |
| Monthly Maintenance Fee: | $15.00 |
- Features & Benefits:
- Available to those 55 & up
Free:
- Debit Card
- NetTeller (online banking)
- Bill Pay (requires NetTeller)
- Mobile Banking
- First (safety paper) check order; pay only shipping.
- E-statements (all statements include images)
- Per Item Charges:
- Unlimited debits – no fee.
- How to Avoid the Monthly Maintenance Fee:
- No minimum balance required..
| Amount Needed To Open: | $100.00 |
| Monthly Maintenance Fee: | No monthly fee |
- Features & Benefits:
- Available to those 55 & up
Free:
- Debit Card
- NetTeller (online banking)
- Bill Pay (requires NetTeller)
- Mobile Banking
- GVB logo or safety paper checks; pay only shipping.
- E-statements (all statements include images)
- Official Checks & Travel Cards
- Per Item Charges:
-
Unlimited free debits each month if average daily balance is $1,200 or more.
40 Free debits per month, then $.25 each additional if average daily balance is less than $1,200.
- How to Avoid the Monthly Maintenance Fee:
- Keep either a minimum balance of $500 or an average daily balance of $1,200 to waive the fee.
| Amount Needed To Open: | $100.00 |
| Monthly Maintenance Fee: | $10.00 |
- Features & Benefits:
- Available to those 55 & up
Free:
- Includes all the items listed for Summit Checking, plus: This account pays interest.
- Per Item Charges:
- Unlimited free debits each month if average daily balance is $2,500 or more.
- How to Avoid the Monthly Maintenance Fee:
- Keep either a minimum balance of $750 or an average daily balance of $2,500 to waive the fee.
| Amount Needed To Open: | $100.00 |
| Monthly Maintenance Fee: | $12.00 |
Important Information:
- Interest bearing accounts at Grand Valley Bank pay interest at the current rate, subject to change at our discretion. You will earn the corresponding annual percentage yield. Interest begins to accrue on the first banking day after your deposit and will be compounded and credited to your account monthly. We calculate interest on the current daily balance in your account. If you close your account before the interest is credited, accrued interest is not paid.
- We calculate the average daily balance in accounts by adding the balance in the account for each day of the month and then dividing by the number of days in the month.
- Money Market Accounts pay interest at the current tiered rate, subject to change at our discretion. The tiers begin at $500, $10,000, $25,000, $50,000 and $100,000. Balances at these tiers will earn the corresponding annual percentage yield.
- Regular Savings Accounts pay interest at the current tiered rate, subject to change at our discretion. The tiers begin at $.01, and $250,000. Balances at these tiers will earn the corresponding annual percentage yield.
- HSAs pay interest at the current tiered rate, subject to change at our discretion. The tiers begin at $.01, $3,000, $6,000, $20,000. Balances at these tiers will earn the corresponding annual percentage yield.
- Regular Savings and Money Market accounts will receive quarterly statements and monthly statements when there is electronic fund transfer (EFT) activity on the account. EFT activity includes ACH transactions, ATM withdrawals and Debit Card transactions.
- We do not authorize transactions requests for ATM withdrawals or daily Debit Card transactions unless there are available funds in the account at the time of the request.
- Overdrafts may be created by check, in-person withdrawal, ATM withdrawal, or other electronic means. See the Common Fees schedule for other fees that may apply to deposit accounts. You are not charged fees for overdrafts created by one-time debit card transactions or ATM withdrawals.