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Business Banking
At Coconut Grove Bank we understand that every business is different. From your business plan to your industry, no two companies operate the same way or require the same set of business banking services. Your local Business Banking Officer is committed to developing a strategy to meet your financial goals. Local Management. Swift Decisions. Experience the difference at Coconut Grove Bank.

Business Banking Accounts
ProductMinimum Opening DepositMaintenance Fees *Minimum Balance to Avoid Maintenance FeeInterest Bearing
Small Business Checking
Simple and Convenient designed to meet your basic checking needs.
$100$20 Monthly
$0.30 per check in excess of 100 per month; $0.30 per deposit in excess of 20 per month
$2,500 Monthly Average Collected BalanceNo

Business Analysis Checking
A complete suite of checking services designed with your business in mind giving you the flexibility to manage your money online.

$100$20 Monthly
$0.15 per item fee**
Additional fees will apply for premium services.
N/A ***No
Business Money Market
Low Minimum Balance Requirement, competitive tiered interest rates. Federal Regulations limit the number of pre-authorized or telephone transfers in any statement cycle, of which only six may be made by check or draft to third parties.
$100$15 Monthly$2,500 DailyYes
Interest on Trust Accounts (IOTA)
Short term trust checking account available only to attorneys.
Business Savings Account$100$5 Quarterly$300 DailyYes
Certificates of Deposit
Take advantage of an FDIC secure investment up to $250,000. You can select from a broad range of terms including 1, 3, 6, 12, 18, 30 and 60 months.

$2,500 (12,18,30,60 months)
(1,3,6 months)

A penalty for early withdrawal may apply.N/AYes

* For additional fees related to these accounts, please refer to schedule of fees.

** Items are defined as all checks, debits, credits, and items included in a deposit.

*** Charges may be reduced based on earnings credit calculated by using the previous month's 91day Treasury Bill average rate applied to the average ledger balance for the month.

Features & Benefits

  • Online Banking with Bill Pay
  • Check orders - Click here to order checks
  • Finance Works
  • Mobile Banking
  • ATM Debit Card
  • Free ATM Use At All Publix Presto! ATMs
  • Direct Deposit
FDIC Equal Housing Lender
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