The holiday is a period when many of us carry around an excessive amount of money to be able to pay different bills and spoil our loved ones.
This also the time when criminals also want to score and target those who are alert.
Here are some of the tips to avoid being a victim of cash robberies.
If you need to pay accounts, consider options that are lower risk instead of withdrawing large sums of cash.
Apply the following TIPS to avoid being a victim:
Carry as little cash as possible
Consider the convenience of paying your accounts electronically (consult your bank to find out about other available options)
Consider making use of cell phone banking or internet transfers or ATMs to do your banking
Tips to avoid being a victim of cash robberies for business
A small business which is cash based and needs to deposit money on a regular basis at the bank should apply the following TIPS which will minimize the chances of you being a victim of robberies:
Alternate the days and times on which you deposit cash Never make your bank visits public, even to people close to you
Do not openly display the money you are depositing while you are standing in the bank queue.
Avoid carrying money bags, briefcases or openly displaying your deposit receipt book.
It’s advisable to identify another branch nearby that you can visit to ensure that your banking pattern is not easily recognisable or detected.
If the amount of cash you are regularly depositing is increasing as your business grows, consider using the services of a cash management company.
Refrain from giving wages to your contract or casual labourers in full view of the public rather make use of wage accounts that can be provided by your bank.
Refrain from driving to the bank in your company branded vehicle on a typical ‘pay day’.
Consider arranging for electronic transfers of wages to your contract or casual labourers’ personal bank accounts.
