Retail banks of Virginia are as versatile as your business. Virginia offers dozens of local run banks and most nationwide banks have branches in Virginia. Capital city Richmond has a long history of banking in the area. Highly populated cities including Virginia Beach and Norfolk provide banks across the area. Thankfully, for your business, smaller towns feature some of the best Virginia retail banks.

Virginia banks recognize that online services provide the freedom to take care of your financial matters as they occur, which enhances operation of your business affairs. Choose a local retail bank in Virginia using criteria beyond going with the bank closest to your office or home. It's vital to select a bank that has a range of services that offer solutions and products to run your business and handle your finances.

Make smart choices when banking for retailers in Virginia by keeping these factors in mind:

1. Number of branches offered by local retail banks of Virginia

2. Check the availability of Virginia retail banking services across state lines

3. Save time with online access to Virginia bank accounts

Action Steps
The best contacts and resources to help you get it done

Access local branches of Virginia banks anywhere in the state

Local retail bank branches offer multiple locations throughout the state. Each bank offers individualized support and can provide live help with account problems.

I recommend: Try out the newest technologies from Burke and Herbert Bank and Trust Company, Virginia's oldest bank. Alternatively, Monarch Bank has branch offices in Chesapeake, Virginia Beach and Norfolk with 24 hour telephone banking.

Look for national bank chains for consistent service for domestic travel

When banking for retailers in Virginia enjoy the convenience of large chains operating banks in state. Large chains offer online and mobile banking options such money transfers, invoicing, issuing payments and access to ATMs and branches across the nation.

I recommend: Bank of America provides online business suite products including payments, invoicing and payroll. Business customers can locate one of the thousands of CitiBank ATMs worldwide.

Seek out retail banks of Virginia that specialize in online services and business products

Retail Banks in Virginia combine business services with online and remote access to save time. Make notes of the tasks you normally have to do for your business, such as payroll and bill pay, and ask potential banks if they offer packages addressing these services.

I recommend: Virginia banks such as Bank of The Commonwealth provide resources including business contacts, startup guidance and business checking accounts. TowneBank provides small town personality with professional support and several business plans.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Most business accounts at local retail banks in Virginia have a minimum balance requirement. Find out the minimum balance and any penalties you could incur.