Cash In Transit Safety Procedures For Startups

Cash In Transit sending money overseas investments

Every business deposits their cash in banks to ensure its safety. However, delivering it to the bank is risky especially if you, as the business owner, personally does it. You can become an easy target for organized criminals or unwanted robberies. Therefore, as a startup, depositing your daily cash in the bank is vital, but how you do it is even more crucial.

To avoid being victims of robberies, you need to use a cash in transit company to transfer your money to the bank. However, here are the safety procedures that you need to know:

  1. Do Regular Trips of Transporting Cash

A lot of business startups think that the fewer trips of transporting their cash to the bank can mean a lesser chance of a robbery heist. However, safety procedures dictate that bringing a large amount of money to the bank has a higher percentage of being robbed. Therefore, it’s a good idea of making regular trips to the bank when transporting money instead of having few trips with large amounts of cash.

The more trips you make, the least amount of money you’ll carry in transit. Moreover, if a cash heist happens, only a minimum amount of loss will occur. To lessen the risk of being robbed, it’s best to hire cash in transit agencies such as Cash Security Services.

  1. Use Vehicles

When transporting cash, it’s best to use vehicles rather than on foot. It’s to secure and lessen the risks that may arise during a cash heist. Moreover, vehicles can provide protection or shield personnel transporting the money as compared to staff on foot without any guard to protect themselves.

Here are some safety guidelines when using vehicles for cash in transit:

  • Vehicles should be identifiable as belonging to a security provider.
  • Armored vehicles must be operated by uniformed personnel with firearms.
  • Vehicles must be ballistic-rated protection to ensure safety from possible armed attack.
  • Vehicle must have a partitioning system that doesn’t expose the cargo and other persons when crews are entering and exiting the vehicle.
  • Vehicle must include a drop safe or container that ensures the cash safety.
  1. Install Communication Systems

Communication systems are essential to provide a timely report of the whereabouts of personnel transporting your cash. Moreover, it’s a must when personnel is isolated from asking for help from other people. But this situation must always be minimized by not allowing a single person to do the job.

An effective communication system includes personal duress alarms, back-to-base communication equipment, and arrangements for emergency communication. To avoid failure when implementing such a system, have a drill using the installed communication system. Moreover, all personnel involved must be familiarized on how and when to use the communication system to avoid miscommunication.

  1. Establish Route, Day, and Time Variations

Establishing a regular route on the same day or time can increase the vulnerability of your money to be robbed. Organized criminals are keen in observing businesses when transporting their cash so they can plan their attack. If you’re always transporting your money at the same time of the day and your cash in transit service agents are on the same route daily, you’re giving a lot of opportunities for an attack to occur.

Therefore, delivery routes and times should always vary to avoid the risk. When it’s seen as a risk factor, you need to implement a risk management strategy. For instance, you can change the day to deliver your cash. Or use another route that poses less risk which is unknown to your previous routes.

When you do have a various route and pick-dates, the harder it’s for criminals to establish a plan to target your cash.

  1. Hire Professionally Trained Personnel

When hiring an agency to transport your business’ cash, it’s also important to know if their personnel are highly trained. Ask for identifications and training certificates to verify their claims. It’s vital that their staff are trained so that they know how to manage the risks that will be encountered.

Moreover, the staffing level must be by how high the risk is in your area. There should be more security personnel when your business location has high robbery or heist rates.

When there’s a well-trained staff member handling your cash transports, there’s fewer hazards as they know what safety procedures are needed when transporting cash to the bank.

Conclusion:

Your cash is very critical to make your business thrive. Without cash flow, you can end up bankrupt especially for startups. Therefore, to secure your business’ cash, you should deposit into banks. But depositing it needs well-trained money in transit personnel or an agency to transport your money to the bank. To ensure a safe cash transport, learn the safety procedures for cash in transit.