In addition to our traditional business banking products and services, we also offer a comprehensive array of cash management solutions, specifically designed to help businesses manage and use funds effectively and efficiently.
To learn more about how these services can lead to increased revenue and cost savings for your business, contact our Cash Management Department by clicking here.
Zero Balance Account
A zero balance accounts (ZBA) allows balances from multiple sub-accounts to be automatically concentrated into a single master account. Funds are transferred electronically by the Bank each business night from the sub-account to the master account for automatic concentration. ZBAs eliminate the need to transfer funds manually, thereby reducing account balance requirements and increasing the amount of usable cash in your company’s operating account.
ZBAs are also popular for disbursement accounts, such as company payroll accounts linked to an operating account. ZBAs automatically link multiple Valley Bank checking accounts together, thereby eliminating the need to make manual transfers between the accounts.
(NOT FDIC INSURED)
Credit sweep links your operating account directly to a revolving line of credit for maximum use of funds (subject to credit approval). The credit sweep automatically transfers money from the line of credit to your operating accounts as checks are presented. Likewise, idle funds in your checking account are transferred, when appropriate, to pay down your line of credit.
With an overnight investment sweep, Valley Bank acts as your cash manager by optimizing the use of funds when you maintain excess balances in your operating account. As checks are presented, funds are automatically transferred from an investment account (repurchase agreement account) to cover the transaction. Likewise, as deposits are made, money is transferred automatically to an overnight investment account until future checks are presented. Typically, business clients maintain a “target balance” in their checking account to offset activity charges.
With direct deposit, you can electronically deposit your employees’ net pay directly into their accounts at the institution of their choice. This service reduces your expenses and also provides a valuable and convenient benefit for your employees.
Are you looking for LOCAL Lockbox Services? Valley Bank is proud to offer a simple and efficient way to assist your company with collecting receivables. Valley Bank's Lockbox processing is accomplished by setting up a Downtown Roanoke Post Office Box right across from our Headquarters on Church Avenue. Our Operations personnel monitor the P.O. Box daily which will save you processing time, reduce the mail that you receive and check clearing and posting times are reduced. The Lockbox gives your company the ability to access funds and cash management data sooner. The Lockbox deposits can be seen the same day on ECorp Internet Banking.
Valley Advantage Checking
Valley Advantage Checking is an account designed especially for businesses whose employees have their payroll direct-deposited.
- Free Checking with no minimum balance (Normal account opening policies and procedures apply)
- Free personalized club checks
- Free OnLine access and Free Bill Pay
- No annual fee check card
- No annual fee Visa
- .25% Discount on our Consumer loan rates
- Plus, free GENERATIONS GOLD membership (normally $5 per month)
Generations Gold is a value-added benefit package offers discounts and savings on numerous products and services. Some of the benefits include the following:
- Over 800 local discounts to restaurants and merchants in the Roanoke Valley
- Travel services, condominium vacations and theme park discounts
- Long-distance telephone and pre-paid phone card discounts
- Credit card registration, extended warranty and purchase protection services
- Movie Discounts
- 10% discount on gift certificates to places like Red Lobster, Olive Garden, Applebee’s, Old Navy, Gap, etc.
- Discounts on mail order food and gifts from places like Omaha Steaks, FTD Gourmet Food Basket, Vermont Teddy Bear, PajamaGram, TastyGram, Mrs. Fields, etc.