Business Checking

Close-up Of African Businesswoman Filling Online Survey On Mobile Phone

Direct Deposit and Payment

Great North Bank can help simplify your business by allowing you to move money electronically to pay your bills, collect payments from your customers and to directly deposit payroll checks to your employees’ accounts. The Automated Clearing House (ACH) system is dependable, flexible, convenient, and easy.

Direct Deposit of Payroll

Offer this benefit to your employees and your business will realize the convenience of:

No processing and printing expensive paper checks

ONE debit to your payroll account for the TOTAL payroll amount.

Instant reconcilement of your payroll account; no waiting for employees to “cash” their checks

Better cash management

No lost or replacement checks

Your employees will realize the convenience of:

Payroll deposited into their account at ANY financial institution on pay day

Not having to wait for the mail or go to the bank to deposit their paycheck

Direct deposit of payroll EVERY pay period, even if they are on vacation or sick

hand clicking on an enter key saying"Direct deposit"
small business donut shop

Direct Payment

When your customers sign up for Direct Payment, both your business and your customers will benefit. The electronic payment option helps in several ways:

Your scheduled payments are PAID ON TIME and automatically deposited into your account in one lump sum

You can better manage your cash and expenses

You eliminate the need to “shuffle” paper checks

Your customers save check printing costs, postage, and late charges

Statements cannot get lost or payments missed

Ask any one of our Universal Bankers for more information about how Direct Deposit and Direct Payment can help your business.

SMALL
BUSINESS
CHECKING
BUSINESS
CHECKING
NON-PROFIT
CHECKING
RELATIONSHIP
BUSINESS
MONEY MARKET
BUSINESS SAVINGS ACCOUNT
Minimum To openNONENONENONE$5,000NONE
Minimum Balance RequirementNONENONENONE$5,000 DAILY
($10 MAINTENANCE FEE)
$100
InterestNONENONENONE*TIERED INTEREST
(PAID/CREDITED MONTHLY)
*YES
(PAID/CREDITED QUARTERLY)
Service FeeNONE$0.07 PER CHECK/DEBIT
$1.00/ MONTH
MAINTENANCE FEE
NONE$10 MONTHLY MAINTENANCE
FEE (WAIVED WITH MIN.
DAILY BALANCE
REQUIREMENT)***
$5 QUARTERLY
MAINTENANCE FEE (WAIVED
WITH MIN. DAILY BALANCE REQUIREMENT)***
Additional BenefitsNONE0.50% EARNINGS CREDIT
GIVEN TO OFFSET ANY
ACTIVITY CHARGES. CREDIT
EARNED ON COLLECTED
BALANCES. EXCESS CREDIT
DOES NOT CARRY
FORWARD. ACCESS TO
ADDITIONAL TREASURY
MANAGEMENT PRODUCTS.
NONENONENONE
Additional restrictions & FeesNONENONENONE** REQUIRES PRIMARY
CHECKING ACCOUNT HELD
AT GNB
NONE

Additional Services Offered:
Debit/ATM Cards • Night Depository Services • Check Ordering • Auto Transfer • Wire Transfers • Notary Services • E-Statements • Online Banking • Mobile Check Deposits • Online Bill Pay • Overdraft Protection • Payroll Origination • Individual Retirement Accounts

*Limitations apply. Additional services may be subject to approval/subject to agreement of terms and conditions.

**Primary checking includes: Small Business Checking, Business Checking, or Non-Profit Checking accounts.

***Waived with minimum balance requirement of $5,000 or $25,000 aggregate deposit balance with Great North Bank.

Additional services may require additional charges. MUST BE 18+. $25 fee may be charged if account is closed within the first 90 days.

See account disclosures for further information.