Safety tips for carrying large amounts of cash safely

Follow-home robberies from banks are a reality and it happens more often than you think.

Boksburg North SAPS communications officer Capt Juanita Coetzer shared some tips on carrying cash safely.

Tips to avoid being a victim of cash robberies

• If you need to pay accounts, consider options that are a lower risk instead of withdrawing large sums of cash.

• 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, internet transfers or ATMs to do your banking.

Tips to avoid being a victim of cash robberies (for businesses)

A small business which is cash based and needs to deposit money on a regular basis, should apply the following tips which will minimise the chances of being a victim of robbery:

• Alternate the days and times of when you deposit cash.

• Never make your bank visits public – not 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.

• Refrain from driving to the bank in your company branded vehicle on a typical ‘pay day’.

• Consider arranging electronic transfers of wages to your contract or casual labourers’ personal bank accounts.

At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
You can read the full story on our App. Download it here.
Exit mobile version