Cash collection and processing
by an NBS licensed cash-in-transit
agency
A cash-in-transit agency provides a secure method
for handling sales proceeds by collecting, handling
and crediting of cash to the client’s bank account:
- secure collection and handling of cash
- rapid crediting of deposits to the bank account
- outsourcing to professional counterparties
(banks and security agencies)
Advantages of secure cash collection and handling by an NBS licensed cash-in-transit agency
- secure collection and handling of cash,
- rapid crediting of deposits to the specified bank account,
- outsourcing of activities to professional counterparties (banks and security agencies),
- service provides collection, handling and removal of cash through a contracted licensed security agency,
- cooperation with the National Bank of Slovakia,
- cash is picked up from the client's location and handled overnight at a handling centre,
- status of accounts are sent on an pre-agreed basis, showing the actual status of cash and its attribution to the bank account.
Conditions for cash collection and handling by an NBS licensed cash-in-transit agency
- In this method of cash handling, the client signs a contract with both the bank and the cash-in-transit agency,
- The service is intended for businesses that handle cash on a daily basis.