Business Services

Grand River Bank recognizes that your busy schedule necessitates an easy approach to routine banking. Whether you choose to bank in person, by mail, online, or with remote deposit capture, our products and services combine the benefits of efficiency, convenience and flexibility to ensure you have the right solution for your business. At Grand River Bank we do more than open accounts, we add value and build lasting relationships.

To get started in any of the business services listed below, please contact us at 616.929.1600 and let us know how we can help.

Grand River Bank was built to serve the needs of emerging and successful small businesses in West Michigan. We offer a variety of products and services designed to help manage cash flow and grow your business.

Free Business Checking: Designed for businesses with low transaction volumes and modest balances. This basic checking account includes 150 free transaction items per month, free online banking and free online bill payment,(up to 10 per month).

Small Business Checking: Designed for businesses with limited transaction volumes and moderate balances. Includes 300 free transaction items per month, free online banking and free online bill payment, (up to 20 per month).

Regular Business Checking: Designed for businesses with medium transaction volumes and balances. Includes 500 free transaction items per month, free online banking and free online bill payment, (up to 20 per month).

Analysis Checking: Designed for businesses with high transaction volumes and higher balances. Service charges and transaction fees can be offset with an earnings credit based upon the average collected balances maintained in the account. Any excess earnings credit is carried over each month.

Business NOW Checking: An interest bearing account designed for sole proprietors. Includes 300 free transaction items per month, free online banking and free online bill payment, (up to 20 per month).

Community NOW Checking: Designed exclusively for the non-profits and municipalities in West Michigan, this interest bearing account pays competitive rates on tiered balances. Includes 500 free transaction items per month, free online banking and free online bill payment, (up to 20 per month).

While you grow your business we help grow your money. Our business savings plans allow you to earn interest on your funds in reserve.

Business Money Market Savings: Designed to improve the earning power of excess funds by paying a competitive interest rate on all balances, with a daily average minimum balance requirement of $10,000. Includes check writing privileges, unlimited deposits and other credits and in person withdrawals. Preauthorized debits are limited by Federal regulation to six (6) per month.

Business Statement Savings: Designed as a traditional interest bearing savings account requiring a low minimum balance of $1,000. Preauthorized debits are limited by Federal regulation to six (6) per month.

Business Sweep Savings : Designed to maximize earnings on excess funds, this account pays competitive interest rates on tiered balances, with a moderate balance requirement. Includes unlimited deposits and other credits and in person withdrawals. Automatic sweeps and other preauthorized debits are limited by Federal regulation to a total of six (6) per month.

CD’s: Designed to improve earning power of excess funds. These CD’s pay competitive tiered interest rates based on the term and the amount of the CD purchased. Term availability vary from 3 – 60 months.

Designed to finance the purchase, construction, renovation of commercial, retail, industrial or multi-family real estate. Fixed and floating rates are structured to meet your business needs.
Designed to finance the purchase of long term asses such as equipment and, machinery. Grand River Bank offers a flexible repayment plan based on the item financed and business cash flow.
Designed to finance short term business needs or for extra liquidity to meet seasonal cash flow needs. We offer a flexible repayment plan based on your cash flow.
If you’re planning to start a business or expand an existing business, you might need financing help. We offer a variety of commercial lending options through Small Business Administration programs.
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Our Business Online Banking uses the highest level of security to guard the privacy of your account information and transactions. With Online Banking, you can review account balances and transaction history, make transfers between accounts, pay bills and export transaction history to Quickbooks™ .

Online bill payment, through CheckFree™, makes paying bills easy. No more checks to write, no more stamps and envelopes, no more forgetting to mail your bills on time. Whether you make a one time payment or set up recurring payments, online bill payment is safe, simple and efficient. Let us help you take the hassle out of paying bills.
eStatements are a safe, secure way of maintaining your account activity. eStatements are housed within our secure online banking environment, are archived and available for 12 months, and can only be accessed via Online Banking, using your personal login ID and Password. No need to worry about your statement getting lost in the mail, or misplaced in your office.

Click here for more information regarding your rights and responsibilities regarding any errors on your Deposit Statement.

Click here for more information regarding your rights and responsibilities regarding any errors on your Loan Statement.

ACH Manager is an electronic payment delivery system that allows you to securely and accurately make payments or collect funds electronically through the automated clearing house network.

Benefits of ACH

• Browser based ACH transfer processing

• Streamlined, flexible and automated processing of originating transactions.

• Decreased processing costs by using electronic processing system

• Better payment predictability and improve cash control

• Direct deposit of payroll

• Decreased time devoted to processing and managing invoices

• Quicker collections and improved cash flow

With Remote Deposit Capture (RDC), scan checks for deposit into your accounts without leaving your office, saving both time and money. Multiple locations, large checks for deposit or difficulty getting to the bank during the day? No problem. RDC makes funds available faster, reduces trips to the bank, enhances security and improves efficiency. Installation is simple, we provide the equipment, software and training.

Benefits of RDC

• Make check deposits anytime

• Save time preparing deposits

• Consolidate funds from remote locations to one bank

• Fewer trips to the bank

• Reduce risk of check fraud

• Improved safety and security

With our Courier Service, you can pre-arrange convenient pick-up days and times for your business banking deposits, or you can call us as needed. Our bonded and insured couriers will pick up your deposits at your door and deliver them to the Bank in sealed, tamper-evident bags for immediate processing. We’re also happy to transport other Bank-related items to and from your business.

Courier Service offers a safe, convenient and affordable alternative to making trips to the Bank. There’s no long-term commitment, so you can try it risk-free.

Designed to maximize earnings on excess funds, this account pays competitive interest rates on tiered balances. Funds above and below a target checking account balance are automatically transferred to and from an interest bearing account. Automatic sweeps and other preauthorized debits are limited by Federal regulation to a total of six (6) per month.
In Partnership with Payvana, Grand River Bank offers a balanced approach to payment processing. Payvana provides a flexible platform that allows you to tailor payment processing solutions for your business.

We can help you get in contact with the right people or call Payvana directly at 1.888.924.4248 extension 6.

A Grand River Bank VISA® ATM/Debit card offers convenient ,free of charge access to your funds anytime and virtually anywhere. The card can be used to make purchases from a business checking account at any VISA® merchant worldwide and can be used to make cash withdrawals at any ATM machine on the Pulse®, VISA Plus®, and Accel Exchange® networks.

If your card is lost or stolen, call us immediately at 616.929.1600 during our regular business hours. Outside of business hours call: 1.800.554.8969.

Grand River Bank offers a variety of Business Cards to fit your needs. A Grand River Bank Visa Card is provided to qualified business owners.

Click the link to learn more about Grand River Bank Visa® Credit Card or to submit an application.

Access account information on your current Grand River Bank Visa® Card.

If your card is lost or stolen, call Cardmember Services at: 1.866.234.4691. Outside the US call collect: 701.461.1772 .

Free Night Depository for after-hours deposits and payments.
Designed to finance the purchase, construction, renovation of commercial, retail, industrial or multi-family real estate. Fixed and floating rates are structured to meet your business needs.
Designed to finance the purchase of long term asses such as equipment and, machinery. Grand River Bank offers a flexible repayment plan based on the item financed and business cash flow.
Designed to finance short term business needs or for extra liquidity to meet seasonal cash flow needs. We offer a flexible repayment plan based on your cash flow.
If you’re planning to start a business or expand an existing business, you might need financing help. We offer a variety of commercial lending options through Small Business Administration programs.
Technology Related FAQ
Other FAQ