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VNB offers a
number of automated processes to help you manage and control
your daily cash position, starting with providing you the information
you need and finally moving funds where best utilized.
Business Online
VNB's online service is tailored to the needs of our customers,
allowing you access to balances in multiple related businesses
and also personal accounts, depending on how you've chosen to
activate the service. Likewise, you can authorize key staff
limited access to use specific parts of the service.
Credit Line Sweep
If you actively use a business credit line and would like the
convenience and savings of repaying the borrowed funds whenever
you have checking account balances in excess of your target,
VNB can simplify and automate this process by setting up a Credit
Line Sweep account. The sweep can be used in conjunction with
the Reserve Sweep account as well, if your business checking
balances regularly swing from a borrowing to a net investing
position.
Zero Balance Accounts
Zero balance accounts can be used for a single, stand alone
account or as a master account with multiple zero balance accounts
attached. The master account can also be linked to VNB's Reserve
Sweep account for investment purposes or to the Credit Line
Sweep to reduce short term borrowings. All daily transfers to
and from zero balance accounts are handled through the Bank's
automated systems with no steps by the customer necessary. Based
on customer preference, zero balance accounts can offer the
same features but be set to maintain a target balance at any
level above zero.
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