Small business owner in shop

Financial Products & Services for All of Your Business Needs

Business Services

We offer financial products and services to help support all the local businesses that make our community great. From non-profits to large businesses, we have financial products created with you in mind. Look through the many options below and find one that fits your needs. Or get in touch with us and a friendly member of our business banking team will help you find the right fit.

To get started opening a business banking account, give us a call at (434) 793-6411 or stop in at one of our convenient locations.

Business Checking & Savings Accounts

Find the right type of account for your business with our range of checking and savings options. Our products are designed to support different types and sizes of business. If you aren’t sure what the best choice is for you, feel free to get in touch with us today!

Non-Profit Checking Account

Designed for non-profit organizations, community organizations and charitable organizations. There is no monthly service charge or daily minimum balance requirement.

Business Checking Account

Designed for the small business or professional customer with a low volume of activity. There is no monthly service charge when you maintain a daily current balance of $1,500.00.

Business Analysis Checking Account

Designed for commercial customers with a high volume of activity. This account provides a detailed itemized monthly statement reflecting incurred fees for the statement cycle.

Business Interest Checking Account

Designed for business customers that wish to earn interest on their checking account. There is no monthly service charge when you maintain a daily current balance of $5,000.00.

Business Money Market Checking

Designed for business customers that wish to earn interest on their checking account. Interest is earned at different rates based on the balance of the account. There is no monthly service charge when you maintain a daily current balance of $5,000.00.

Cash Manager Checking (Small Business)

The Cash Manager Checking Account is designed for business customers with less than 25 employees that are interested in banking services beyond a typical checking account. Cash Manager allows the small business owner to:

  • Deposit an employee’s pay directly into a checking or savings account at any financial institution
  • Pay vendors directly without writing a check
  • Perform wire transfers
  • Manage the cash position of the business
  • Interface with Quicken and Quicken Web Connect for account reconciliation

This account provides a detailed itemized monthly statement reflecting incurred fees for the statement cycle.

Cash Manager Checking (Medium-Large Business)

The Cash Manager Checking Account is designed for business customers with more than 25 employees that are interested in banking services beyond a typical checking account. Cash Manager allows the medium/large business owner to:

  • Deposit an employee’s pay directly into a checking or savings account at any financial institution
  • Pay vendors directly without writing a check
  • Perform wire transfers
  • Manage the cash position of the business
  • Interface with Quicken and Quicken Web Connect for account reconciliation

This account provides a detailed itemized monthly statement reflecting incurred fees for the statement cycle.

Business Statement Savings Account

Our Business Statement Savings Account features a competitive interest rate and a low minimum deposit to open. There is no monthly service charge when you maintain a daily current balance of $100.00.

Certificates of Deposit (CDs)

Benefit from a fixed rate of interest for the term you choose. Highly competitive rates on terms from 91 day to 5-year maturity. A minimum deposit of $1,000 is required to open a certificate of deposit.

Benefits of Business Banking with Virginia Bank & Trust

eStatements
We make it easy to keep track of your account activity! Sign up for eStatements as part of our Online Banking Services and have your monthly bank statements delivered right to your inbox. Your eStatements can be downloaded and printed or you can save the file as a .pdf for future reference. Click here to enroll in Online Banking.

Online Banking
Check balances, transfer funds, research checks and print images, request statements, order checks and pay installment loans, credit lines and mortgage loans all from the convenience of your home or office 24 hours a day, 7 days a week.

If you have a question concerning your account, ask us online using secure email. You can also set account alerts to provide you with a reminder email when your balance falls below a predetermined level or a reminder for due dates on loan payments. Online Banking is free to all Virginia Bank & Trust customers.

Online Bill Pay
Pay all of your monthly bills from the convenience of your home or office. Schedule reoccurring monthly payments or make one-time payments. Save time, money and postage. Please refer to the Online Banking & Bill Pay Disclosure for additional information. There is a monthly fee for the Bill Pay Service.

Night Depositories
Avoid waiting in lines to make your daily deposits. Available at all locations except for the Chatham Office. A Night Drop bag must be purchased for this service.

Merchant Card Services
Virginia Bank & Trust provides merchant card services to small and large businesses interested in accepting major credit cards or debit cards at their retail locations. To discuss your needs, please contact any of our branch offices.

Deposit Pick Up Service (Danville Locations Only)
Save time. Avoid long bank lines. With Virginia Bank & Trust’s Deposit Pick Up Service, the bank will come to you. Virginia Bank & Trust will arrange to pick up your business deposits at no cost to you. For more information regarding this business service, please contact any of our branch offices.

VISA Business Check Cards
Enjoy the convenience of having your purchases automatically deducted from your business checking account without having to write a check. Use your check card for travel, gas, purchasing business supplies, equipment or for everyday business needs. Access funds wherever you are, at any ATM, using your Virginia Bank & Trust Check Card. (Additional fees may apply at non-Virginia Bank & Trust ATMs).