Making bank deposits may be a routine part of your business, but VHB gives you flexibility and service that are anything but routine.  We have alternatives that give you better ways to use your time while improving your cash flow.

 

business people

Cash Management Services

VHB's Commercial Analysis Account is the best choice for businesses with high transaction volume who want to offset this activity by maintaining non-interest bearing deposits. Our account analysis system calculates and summarizes the commercial activity charges along with your account balance information, providing a detailed report on your account. As a result, your earnings credit may offset services used to avoid monthly fees.


Online Banking

High performance online banking is a must have for a business to be successful. One can easily manage nearly all of their financial activity online. Navigation is simple and information is real time. Regardless of what you need to perform; balance inquiry, place a stop payment, transfer funds, or export transactions to a accounting software, we can accommodate. View our demo and see for yourself. Go to Business Online Banking.

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Wire Transfers

Wire transfers provide a quick and highly secure method for moving funds. We know your time is valuable and recognize the need for speed and convenience. Eliminate trips to the banking center by enrolling in our online wire service. Rest assured your transactions are safe as we provide security tokens to our online wire users as an added security protection. Your money is our money and we’ll protect it.

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ACH Origination

We’ve all heard talk about going green and if we could just take one step, it can make a huge difference in reducing our carbon footprint. We’d like to help you take a step in going green with our ACH Origination Services. You can convert your payroll from paper checks to electronic deposits, set up employee reimbursements and make payments to your vendors. ACH Origination will save you time and money. We have the tools you need to Go Green! Call our Cash Management area @ 703.766.6422 or email eseifert@virginiaheritagebank.com to get started. What are you waiting for?

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Positive Pay

Stay ahead and WIN in the game of fraud. Positive Pay assists in early detection of certain types of fraud. Through a daily matching process from files sent to VHB from your business, check numbers, dollar amounts, dates and payee information are verified against items presented for payment. You are in control of making the decision on items not matching the captured data. Positive Pay is an added layer of security protection for your account.

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Remote Deposit

Enables you to deposit customer checks any time of day, any day of the week - without ever leaving your desk. VHB provides a scanner, installation and training. Making deposits has never been easier.

Remote Deposit provides detailed reports and itemized lists of all deposited checks. Record keeping is easier too as you can export directly to your accounting software.

Access to images to each deposited check is also available with remote deposit.

For our current Remote Deposit customers, you can log in directly to your account using your Customer Number and User Name.

REMOTE DEPOSIT LOG IN

*Customer provided Internet connection required. Check with your VHB Banker for compatibility.

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LockBox Services

Fast, Hassle-free Payment Processing

LockBox banking is used by businesses that receive payments from numerous customers. Using LockBox banking is a cash flow improvement technique in which you have your customers' payments delivered to a special post office box instead of your business address. The bank picks up the payments several times a day, deposits them into your company's account, and notifies you of the deposit. LockBox Service lets you put the money to work as soon as it's received and accelerates the payment and deposit portion of your cash conversion period.

*Customer provided Internet connection required. check with your VHB Banker for compatibility.

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Merchant Services

Are you missing a piece of the pie? We hope not!

VHB merchant services enables your business to accept multiple types of credit cards, debit cards and other payment types. Statistics show an increase in revenue when a business accepts credit cards.

VHB is proud to partner with BaSys Processing. We'll be happy to perform a cost comparison to your existing card processor. If you're new to card processing, we'll go through the options available based on your business and provide a proposal. You'll see VHB is the change you'll keep!

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Repurchase Agreement

Repurchase Agreements AKA Repos, sweep your funds at the end of the day to a pre-determined investment instrument. No longer will you have funds sitting idle. You work hard for your money, now make it work for you. Funds will then sweep back to the operating account as items are presented for payment. Please note this account is NOT FDIC insured.

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Zero Balance Account

Zero Balance Account AKA ZBA. A sweep account that allows a checking account to remain at a zero balance while moving funds from another checking account only when funds are needed. Payroll accounts are generally maintained as a ZBA sweeping funds from an operating account. A ZBA will assist in cash streamlining and avoid funds remaining idle.

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Overdraft Protection*

Because Virginia Heritage Bank understands the demands of managing a business, we also understand that the unexpected happens even with the best of plans in place. That’s why we designed VHB Overdraft Protection Line of Credit for our business clients. It activates automatically when checks exceeding your account balance are presented and eliminates worry, stress and embarrassment.

Apply today and be confident that your business checks will be covered by Overdraft Protection!

* Subject to credit approval

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