In the wake of recent incidents in which people have been robbed of their cash or even killed, the public is warned not to carry around large amounts of cash.
People should consider other options that are lower risk, such as making use of cell-phone banking and Internet transfers to pay accounts, or using ATMs to do banking.
Below are some tips to help prevent incidents of this nature in the future and to avoid being the victim of a cash robbery:
- Alternate the days and times on which you deposit cash
- Refrain from making cash deposits
- 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 is 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
DID YOU KNOW?
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