Protein storage vacuoles (PSVs) within barley (Hordeum vulgare) aleurone cells contain abundant K, Ca, Mg and P reserves. These minerals are transported from the PSV and are used to support growth of the embryo. In this study, the regulation of transport through slow‐vacuolar (SV) ion channels in the tonoplast of barley aleurone PSVs was examined using the patch—clamp technique. Okadaic acid (OA), an inhibitor of protein phosphatase types 1 and 2A, reduced whole‐vacuole SV currents by 60%. This inhibition by OA was overcome by exogenous calcineurin. Adding ATP (200 µM) to the bath solution as a substrate for kinase activity decreased SV channel activity by 70%. This reduction in activity was prevented by the kinase inhibitor H‐7. From these data, it is concluded that protein phosphorylation can inhibit SV channel activity, and that both the protein kinase and protein phosphatase involved in this regulation are present at the PSV tonoplast. Whole‐vacuolar SV currents were significantly higher when 2 mM ATP was used to bathe PSVs than with 200 µM ATP. Calmodulin‐like domain protein kinase (CDPK) at either ATP concentration increased SV channel activity by ∼ 150%, implying that protein phosphorylation can also stimulate SV channel activity. When PSVs were treated with the ATP analog AMP‐PNP, SV channel activity was not reduced. Hence, ATP hydrolysis is not essential for sustained SV channel activity. A model in which SV channel activity is regulated by protein phosphorylation at two sites is presented.