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Business Banking

Businesses usually have higher banking demands than personal bank customers. We want you focused on your business, not your banking. That’s why we can customize your business banking accounts to best fit your needs. Call our business specialists and they will be happy to review our standard business accounts or develop a banking program that fits your business like a glove.

Checking Accounts

Savings Accounts

Investment Accounts

Other Bank Services

Click here to fill out and submit an account interest form to The Guernsey Bank. We’ll call you back within 24 hours to discuss your options.

Business Checking Accounts

Free Small Business Checking
Business Deposit Account Disclosure Information. An economical account designed for business customers with less than 100 transactions a month.

  • First 100 transactions per month are free, and additional items will be processed at a fee of $0.40 per transaction.
  • No charge for unlimited debit card point of sale transactions, bill payments using Guernsey Bank Bill Pay, overdraft protection and transfers between Guernsey Bank accounts.
  • $50.00 minimum opening balance.
  • No minimum balance requirement.
  • This is a non-interest bearing account.
  • NSF, overdraft, stop payment fees will be assessed according to the bank’s current fee schedule.
  • Up to three (3) small business checking accounts per business.
  • Check images returned with monthly statement.

Business Checking
Business Deposit Account Disclosure Information. Previous disclosures can be requested by contacting us.

  • Low fees make this an economical choice for most businesses.
  • No minimum balance requirement.
  • No per check charges.
  • Check Images returned with the monthly statement
  • This is a non-interest bearing account.
  • $7.50/month maintenance fee.
  • $15.00 fee for any dishonored cashed item.

Analysis Business Checking

Business Deposit Account Disclosure Information. Analysis Business Checking is designed for business customers that have greater Cash Management product needs. 

  • Analysis Business Checking rewards higher balances by earning credits to offset monthly service fees.
  • Account will earn credit on the average collected balance to offset monthly service fees.
  • If account earns credits that exceed the monthly service fee, no monthly fees are assessed.
  • No minimum balance requirement.
  • Opening balance requirement $50.00.
  • Monthly maintenance fee of $10.00.
  • Per item transaction fee $0.10.
  • Online banking and bill pay services $5.95.
  • This is a non-interest bearing account.
  • Check images returned with monthly statement.
Remote Check Deposit, Payroll by Direct Deposit, and Sweep Services are available for this product.  Please ask one of our friendly bankers for details.

Sole Proprietor Checking
Business Deposit Account Disclosure Information. Previous disclosures can be requested by contacting us.

  • $7.50/month maintenance fee
  • No per check charges.
  • Check Images returned with the monthly statement
This account earns interest:
  • You will earn interest on a balance greater than $500.00. See the Current Rates/Specials page for our most current rates.
  • You must maintain a minimum balance of $500.00 each day to obtain the disclosed APY.
  • Interest will be compounded and credited to your account on the last day of each month.
  • Interest begins to accrue on the business day you deposit non-cash items (i.e. checks).
  • Your interest rate and annual percentage yield are determined by the Bank at our discretion and may change at any time.

Non-Profit Checking
No minimum balance requirement. There are no per check charges, no monthly fees, and check images are returned with your monthly statement. Interest is earned on balances over $500.00. Business Deposit Account Disclosure Information. Previous disclosures can be requested by contacting us.

Business Savings Accounts

Direct Plu$ Savings
With Direct Plu$ you have no passbook to worry about. Instead, you will receive a quarterly statement. Maintain a minimum balance of $100 and you avoid any fees. Interest is earned on balances of $100 or more and is compounded and credited monthly. You will enjoy unlimited access to your account for deposits and withdrawals. An ATM Card is available upon request and will provide you 24-hour access to your Direct Plu$ Account via the ATM. Business Deposit Account Disclosure Information. Previous disclosures can be requested by contacting us.

  • Minimum deposit to open this account is $100.00.
  • It’s easy to get this account with no monthly fees! Simply maintain a daily minimum balance of $100.00.
  • Monthly minimum balance fee is $2.00.
  • Interest will be compounded monthly and credited to your account on the last day of each month.
  • You will earn interest on a balance greater than $100.00.
  • You must maintain a minimum balance of $100.00 each day to obtain the disclosed annual percentage yield.
  • Interest begins to accrue on the business day you deposit non-cash items (i.e. checks).

Money Market Account
A great way to combine the power of a savings account with some of the access features of a checking account. Tiered interest rates mean the higher the balance, the higher the interest rate. Business Deposit Account Disclosure Information. Previous disclosures can be requested by contacting us.

  • Minimum deposit to open this account is $1,000.00.
  • It’s easy to get this account for with no monthly fees! Maintain a minimum daily balance of $1,000.00.
  • Monthly minimum balance fee is $5.00.
  • You may make six (6) withdrawals, automatic or telephone transfers, checks, drafts, and similar transactions from your account per month.
  • The minimum amount you may write a check for is $250.00.
  • Interest will be compounded and credited to your account on the last day of each month.
  • Interest begins to accrue on the business day you deposit non-cash items (i.e. checks).

BUSINESS Investment Accounts

Certificates of Deposit
We have terms to meet your needs – anywhere from 91 days to 5 years. We offer competitive interest rates that are compounded and credited to the CD quarterly. For your convenience, interest earnings may be automatically deposited into another Guernsey Bank account. Monthly interest checks are available on balances of $5,000.00 or more. There is no monthly fee for certain Guernsey Bank checking accounts with qualifying CD balances. Penalty for early withdrawal.

  • The minimum balance to open a standard Certificate of Deposit is $500.00, although there may be CD specials that have higher minimum balance requirements.
  • Your account will mature on the date disclosed on the certificate provided you.
    The account will automatically renew at maturity.
  • You will have seven (7) calendar days after maturity to withdraw funds without penalty.
  • We use the average daily balance method to calculate the interest in your account. This method applies a periodic rate to the principal in the account each day.
  • Interest will be credited to your account according to the terms and dates stated on your Certificate of Deposit.

SEP or SIMPLE IRA Accounts
IRAs are a great way to prepare for your retirement. For the small business owner (100 employees or less), we provide SIMPLE and SEP IRAs which allow you to offer affordable retirement plan options to your employees. All IRAs invested via Certificate of Deposit. Call us to today to determine which IRA best fits your needs.

Other Bank Services

Remote Capture

Simplify the process of making deposits into your business accounts with Remote Check Deposit!

Remote Check Deposit allows you to make deposits electronically by utilizing a desktop scanner connected to your PC and the Internet.  Users scan checks at their business location and then transmit data and check images electronically to The Guernsey Bank for deposit.

This new service reduces or eliminates the need to deliver deposits in person at your financial institution.  Remote Check Deposit allows you to make deposits from any of your business locations.Remote Capture

How it works – 3 simple steps
1.  Scan
2.  Balance
3.  Transmit

To learn how you can speed deposits and increase payment processing efficiencies, please click here for a demo.

Overdraft Protection
Sign up for this convenient service which electronically links your Passbook Savings Account with your checking account. If funds are not available for withdrawal in your checking account, funds will automatically transfer from savings to checking and cover the outstanding check. There is a small $3.00 fee per transfer.

Auto Pay
Automatically pay monthly bills such as car and mortgage payments. Have funds withdrawn from your checking account to make your loan payments. It is so easy!


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