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Greylock Mall


Business Banking Services
Over 60,000 members presently use Greylock for their personal financial needs.

Business Banking extends our services by providing for our members' commercial needs while stimulating Berkshire County's economy.

Greylock's Business Banking offers competitive products and what our members have always known - great value. Click here to submit an Information Request form or call us at (413)236-4155 for details on any of the product or service listings below.

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Business Checking Plus Free Business Checking Basic Business Checking
High Yield Business Checking
Business Share Preferred Account Business (Money Market) Account Business Loans
Business Term Share CertificateOther Business Banking ServicesGreylock Mall

"Business Checking Plus"

The checking product preferred by most businesses. It offers all the flexibility and money management options to operate your business.

Monthly Maintenance Fee - $5.00

Transaction Charges

Per Check:.15˘
Per Item in a deposit:.08˘
Deposits:No Charge
Night deposit disposable bags:No Charge

*There are no charges for deposits made at any of our locations.

Your statement and check images will be sent to you shortly after month's end.

Earnings Credit

A market rate as determined by Greylock.

This credit will be applied to transaction charges during the month and will help to reduce or offset fees. The earnings credit percentage will apply to your average balance for the month. Excess earnings credit will not be applied to the account.

A reserve factor may be applied to the average balance.

"High Yield Business Checking"

Here are the features of the new “High Yield Business Checking”:

Unlimited Checks and Deposits
Three available deposit tiers to maximize your funds.
A low monthly fee of $50.00

"Free Business Checking"

This account is designed for a business with limited activity. Business checking at its simplest with the benefit of reduced to no cost.

Monthly Maintenance Fee - None

Transactions allowed monthly at no charge:

Checks:50
Deposited Items:100

Fees to be imposed if activity exceeds the free item allowance.
Each check in excess of 50 per month: .35˘
Each deposited item in excess of 100 each month: .35˘

Your statement will be sent to you shortly after month's end. Paid Checks are not returned to you with this account.

Night deposit disposable bags are available at $20.00 per hundred.

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"Basic Business Checking"

This interest-bearing account is designed for the business that does not need checks returned to them. The transaction charges are considerably lower and a minimum balance is not required.

Monthly Maintenance Fee - $10.00

Transactions allowed monthly at no charge:

Checks:100
Deposited Items:100

There are no charges for deposits made at any of our locations.

Fees to be imposed if activity exceeds the free allowance.
Each check in excess of 100 per month: .15˘
Each item in excess of 100 per month:.15˘
Checks will not be returned, but held by the Credit Union.

A statement will be sent to you shortly after month's end.

Night deposit disposable bags are available at $20.00 per hundred.

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"Business Share Preferred Account"

This business savings account pays a competitive interest rate on balances over $2,500. Check writing privileges are not allowed on this account. Interest earned is at a rate determined by Greylock.

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"Business Advantage (Money Market) Account"

Greylock offers a Money Market type account that allows you limited check writing privileges while earning a competitive interest rate.

Activity is limited to no more than six withdrawals or transfers per month with no more than three of the possible six transfers by check or similar order to a third party.

A minimum balance of $1000.00 must be maintained in order for you to receive the money market interest rate. Balances that fall below this amount will not earn interest. Activities that exceed six withdrawals per month will subject the account to a charge of $5.00 per item and may require Greylock to reclassify your account as a regular business account with the conditions and fees that would then apply (previously outlined).

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"Business Term Share Certificate"

Put your business' dollars to work for you. Take advantage of Greylock's Certificates of Deposit. Earn competitive rates for terms as short as one month or as long as five years on deposits as little as $1,000. Jumbo certificates are also available.

For more information, contact our Business Loan Department or your local branch manager.

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"Business Loans"

Largest SBA Lender in Berkshire County

Greylock extends credit to eligible members for many business purposes complementing a variety of commercial and personal services offered to our members.

Greylock's business loans help our members with their commercial needs and assist the business economy of Berkshire County.

Loans are competitively priced and available on a fixed and variable rate basis.

Greylock offer a full range of commercial loan products to meet your business needs:

  • Term loans for equipment and vehicles
  • Lines of credit for short term working capital and seasonal needs
  • Mortgage loans for acquisition, refinance or expansion of commercial property

    Let Greylock's experienced staff help in putting together a loan package that fits your business requirements.

    For more information, contact our Business Loan Department or your local branch manager.

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    "Other Business Banking Services"

    Business Insurance - Through Greylock Insurance Agency Greylock Ins. Agency, Greylock's business clientele will find favorable insurance pricing available on basic liability needs like fire, theft, workers compensation and on both fleet and non-fleet commercial automobiles.

    As a business member, your employees can benefit from discounted rates on auto, home and long term care insurance that Greylock offers through area agents.

    Overdraft Line of Credit - Available on all qualifying business checking accounts. Enjoy the convenience of not having to manually transfer funds from your line of credit into your business checking. Avoid overdrafts while at the same time efficiently manage your interest expense. (Ask your account officer about the fees associated with this cash management service.)

    Night Depository Service - Seven of our offices have night deposit receptacles (Pittsfield at West Street, Merrill Road, Adams, North Adams, Willimastown, Great Barrington at Stockbridge Road, and Lee) and can accept your after hours deposits. The deposit bag and its contents will be processed the next business day and a credit will be made to your business checking account. These deposits are subject to the same terms and conditions applicable to "in person" deposits at any of our offices.

    Credit Union @ Work - CU @ Work allows your employees an easy and convenient way to do their banking. Their paychecks can automatically be deposited on payday into their own accounts - saving you time and saving them a trip to a financial institution. Deposits can also be split among several accounts, such as checking, savings, retirement funds and IRAs. This program also allows you, the employer, to offer to each of your employees all of the services our credit union provides including reduced rates on several loan types, auto/homeowners insurance discounts and other conveniences.

    And remember, none of this costs you any money. Ask for our CU @ Work representative to contact you in regard to complete program details.

    Payroll Services - Greylock offers payroll services in cooperation with Adirondack Payroll.

    Our payroll representative and/or a representative from Adirondack Payroll will be pleased to discuss this service with you further. Please contact Greylock at (413) 236-4155 or Adirondack directly at (413)236-0950 and tell them Greylock sent you.

    Business Credit Cards - Looking for a silent partner who picks up the tab at a lunch meeting, holds travel and lodging reservations, orders office supplies, and organizes your monthly expenses with no annual fee?

    Introducing Visa Business. Greylock offers this card to qualified sole proprietors, partnerships and corporations.

    For more information, contact our Business Loan Department or your local branch manager.

    Merchant Credit Card Service - Through ROCK Business Solutions. Please call for details, (413) 236-4155.

    Visa Check Cards - Take advantage of paperless checking wherever you see the VISA symbol. No carrying a checkbook. No approval needed. Funds are deducted immediately from your checking account. A descriptive monthly statement. It even acts as an ATM card accessing CIRRUS, TX, PLUS, EXCHANGE and NYCE locations.

    IOLTA (Interest on Lawyers Trust Accounts) - Provides an account for attorneys to deposit clients funds with the earnings remitted to a designated Trust by Greylock.

    • No minimum balance is required
    • No monthly activity or maintenance fee charges
    • Your statement of activity and paid checks will be sent to you shortly after month's end.

    Greylock's Online Branch: www.greylock.org - Business Online Banking (B.O.B), Greylock's new cyber branch, is open for business 24 hours / 7 days a week / 365 days a year. Besides information on products, services and rates, you'll be able to check balances, review account histories, transfer funds between accounts, apply for (and make payments on) loans and utilize financial calculators.

    Also offered:

  • Notary Services
  • Signature Guarantees - Medallion Program
  • Treasurer's Checks
  • Money Orders
  • Traveler's Checques
  • TDD for Hearing Impaired - (413)443-0095
  • 24 Hour Rate Phone
  • Electronic Transactions (ACH and Wire Transfers)
  • Collection of Foreign and Domestic Checks
  • Business Tax Payments Accepted

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    Greylock Mall - The Greylock Mall, created and maintained by Greylock Federal Credit Union, is an Internet, E-Commerce web site featuring Berkshire County merchants, service providers and restaurateurs. The web site is available to Greylock members and non-members alike allowing them to review merchant information, purchase a gift certificate and take advantage of the wide variety of discounted products and services available locally. Click here to request more information today!

    Click Here to submit a Business Banking Information Request form

    Personal or confidential information should not be sent via email as this information is not transmitted through a secure link.


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