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Attention Business Online Banking Customers: Please be advised that our Cash Management Agreement has been updated as of 5/15/2024 to a more concise and streamlined version. Upon logging into your account, you will be asked to accept the terms and conditions of this new agreement.

Browse our Security Center for tools and resources to protect your privacy and personal financial information. Find online banking security tips along with information on common scams. If you are ever in doubt, call us directly at (207) 839-4796.

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Round It Up FAQ

Q. What do I need to enroll in Round It Up?

A.  To enroll in Round It Up, you will need a Gorham Savings Bank checking account and savings account, as well as a Gorham Savings Bank debit card. If you have all three, you can enroll now   and start saving today.

Q. How often are my round-ups transferred to my savings account?

A.  The round-ups from your debit card purchases are accumulated daily and transferred the next business day from your checking account to your savings account. The total transfer will be displayed as a single transaction on your savings statement. However, if you do not have sufficient available funds in your checking account or if any transaction has overdrawn your checking account, we do not round up purchases posted on that business day and cancel the Round It Up transfer for that day.

Q. How can I keep track of my Round It Up transfers?

A.  You can view your Round It Up transfers in Online Banking or your periodic statements.

Round It Up Example:

Item
Purchased
Price Round It Up Amount Transferred to Savings
Coffee $3.50 $4.00 $0.50
Lunch $10.25 $11.00 $0.75
Groceries $55.49 $56.00 $0.51

Total Transferred to Savings: $1.76