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Cash Management

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 Susan Larkin in 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.

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Sweep Account


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.

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.

Direct Deposit & Electronic Transactions

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.  This service is part of our Online Banking Cash Management service.  Other types of electronic transactions are available, such as collecting payments via ACH (automated clearing house) as well as paying vendors through ACH.

Lockbox Services

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 saving you processing time, reducing the mail that you receive and shrinking check clearing and posting times.  The Lockbox gives your company the ability to access funds and cash management data sooner.  The Lockbox deposits can be seen the same day through Online Banking Cash Management.

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