Cash Recycling in the Branch

Tags: Bank Automation, Cash Dispenser / Recycler / Acceptor, Vault Cash / Cash Management
Type: White Paper
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For most financial institutions, very little has changed in the past 100 years in terms of how cash is physically handled in the branch. There is typically a secure vault where bulk cash is stored and this is distributed, after counting twice through dual control, to tellers so that they can perform necessary cash transactions with customers. When cash is received from or distributed to customers it is counted multiple times to ensure accuracy. The cash is counted again, often more than once, when tellers balance and return their cash to the vault. It is not uncommon for a note to be counted by hand at least 6 times on its journey through the branch.

However, cash recycling technology allows financial institutions to handle cash in an entirely new way. With a cash recycler, all cash deposited by customers can be automatically counted, verified for authenticity, and stored in a secure safe right at the location where the transaction occurs. The same cash can later be dispensed for other customers requiring cash withdrawals.

Download now to read more about the cash recycling process and its advantages...