Basic Checking Account FAQs

You will soon be transitioned to a Basic Checking Account. What do you need to know?

 

Is there a monthly service charge?

The account has a $10 monthly service charge, but the charge is automatically waived when the account has a direct deposit or an ACH debit.

 

What is an ACH debit?

An ACH debit is an electronic payment withdrawn from your account, such as an automatically scheduled payment. Ask a GSB representative whether a particular transaction will meet the account requirement.

 

Is there a minimum balance requirement?

No. Basic Checking does not have a monthly minimum balance requirement. There is a $1 requirement to open.

 

Are e-statements included?

Yes. Free e-statements with online check images are included.

 

Can I receive my paycheck early?

You may receive your paycheck up to two days early on eligible deposits with any of our newest checking and savings accounts. Ask GSB for eligibility and timing details.

 

Can this account help me save money?

Yes. You may choose to enroll in the Round-Up Savings Program, which rounds up eligible debit card purchases and transfers the difference to your savings account.

 

Do I receive free checks with this account?

No. Free checks are not included with Basic Checking. Ask GSB for alternative eligibility details.

 

What if I want an account that’s not the basic?

You can self-select any account you’d prefer at any time. Please contact us via 888.324.3191  or visit a local branch to discuss which account is best for you.