Greenville Savings Bank Homepage

Greenville, PA
724.588.5420

Hermitage, PA
724.983.1466

Neshannock Twp, PA
724.652.5820

Business Login

Enroll info Forgot Password?

Personal Login

Enroll now   Forgot Password?

Main Branch 724.588.5420

Glossary of Terms

Auto Loans – A loan to purchase a motor vehicle. They are structured as an installment loan and are secured by the value of the vehicle being purchased.

AutoPay – AutoPay occurs when money is automatically transferred on a scheduled date to pay a recurring bill. Individuals must set this up through their online checking account.

APY (Annual Percentage Yield) – The amount of interest you gain from keeping money in an account in a year, including compound interest.

APR  (Annual Percentage Rate) – The amount of interest you gain from keeping money in an account in a year, not including compound interest.

Automated Teller Machines (ATM) – Machines that will dispense cash or perform other banking services when an account holder inserts a bank card.

Business Checking – An account that helps business owners keep track of business transactions. These usually have a small monthly fee.

Business Loan – A loan that is intended for financing long-term capital purchases. This could include equipment, land, and or buildings, or another business.

CardValet – A debit card management and fraud tool that enables cardholders to control when, where, and how their debit cards are used.

Certificates of Deposit (CDs) – Time deposits with a guaranteed rate of return on an insured investment. CDs have a specific, fixed term, and interest rate. 

CheckFree Bill Pay – Lets the customer receive and pay bills online in one convenient location and to pay for purchases at online sites. You can make payments from a bank account. 

Check Orders – A process of purchasing new checks either through your bank or a third-party check distributor.

Collateral – A tangible asset used to secure a bank loan.

Debit card – A debit card is a payment card that deducts money directly from a consumer’s checking account to pay for a purchase. Debit cards eliminate the need to carry cash or physical checks to make purchases.

Direct Deposit – A deposit of money directly into a bank account rather than through a physical, paper check.

eBanking – The use of computers and telecommunications to allow banking transactions to be completed by telephone or computer.

eStatements – An electronic version of your monthly account statement.

Home Equity Loan – A loan that the borrower uses the equity of his or her home as collateral; loan amount is determined by the value of the property.

Individual Retirement Accounts (IRAs) – Allows you to save money for retirement in a tax-advantaged way.

MasterCard 3D Secure – An authenticated payment system to improve online transaction security.

MasterCard Automatic Billing Updater (ABU) – A system that helps card-not-present merchants maintain the continuity of card-on-file and recurring payments.

Mortgage Calculator – A tool that helps calculate your monthly mortgage payments.

Mortgages – Loans that are used to buy a home or to borrow money against the value of a home you already own.

Overdraft – Occurs when money is withdrawn from a bank account and the available balance goes below zero.

Personal Checking – An account that allows you to easily deposit and withdraw money for daily transactions.

Personal Loans – A form of credit that can help make a big purchase or consolidate high-interest debts.

Returned Item Fee – A bounced-check fee charged to the person trying to deposit the check.

Routing Number – The nine-digit number that identifies your financial institution.

Safe Deposit Box – An individually secured container that is held within a larger safe. They will help protect customers’ valuables and important documents protected.

Statement Savings – A savings account where your deposited money is saved and transactions are confirmed periodically by a bank statement.

Telephone Banking – A method of banking where the customer handles transactions over the phone by a computerized system the uses either touch-tone dialing or voice-recognition.

Uchoose Rewards – A rewards program allowing card users to earn points when they make purchases using their GSB Debit Card. The points can be redeemed for cash back rewards and more.

Wire Transfer – A method of electronic funds transferred from one person to another. It can be made from one bank account to another or through a transfer of cash at a cash office.

Zelle – A banking service that allows you to send money from one person’s bank account to another within minutes.

Important Notice: Termination of Loan Payment Coupon Books and Passbooks. Click "Learn more" for additional information.
This is default text for notification bar