Tips to avoid being a victim of cash robberies
Gauteng is where most of these associated robberies occur, with 53% of the incidents being reported.
– If you need to pay accounts, consider options that are 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 or internet transfers or ATMS to do your banking.
Tips to avoid being a victim of cash robberies for businesses
– 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 recognizable 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 or wages to your contract or casual labourers’ personal bank accounts.
Tips to avoid being a victim of cash robberies for savings clubs and stokvels
– Refrain from making cash deposits of club members’ contributions on high risk days (e.g Monday after month end).
– Ensure persons depositing club cash contributions or making withdrawals are accompanied by another club member.
– A stokvel, savings club burial society can arrange for members to deposit cash directly into the club’s account instead of collecting cash contributions
– Arrange for the club’s pay-out to be electronically transferred into each club member’s persona account or accounts of their choice. – SAnews.gov.za
