Cash collection services are the safest services nowadays. You might want to skip the traveling time from your office to the bank or you are out of town and cannot complete the transaction – cash collection firms will give you the best deals in such cases. They handle your cash with care and full security, So instead of sending your office boy to complete the transaction, why not opt for cash collection services.
What is cash collection?
Cash collection simply means that professional firms will come to collect your cash and submit it to the bank on your behalf. From collecting cash we mean hard cash, cheques, drafts, etc. Sometimes, people call cash collection services ‘Armed Cash services’ or ‘cash escorts’. However, they mean the same.
There are legal firms who take your cash from the office to your bank and get the work done on your behalf. Whether you’re in a meeting or out of town traveling, they will come according to your convenience and submit the cash to the bank on time. Now when we know what exactly is cash collection, let’s know how the entire procedure work.
Procedure of cash collection
Step 1 – If you have called up for a cash collection service, a person will come to your office in plain clothes. He will ask for the designated person.
Step 2 – The Behaviour of the person would be as casual as it can be.
Step 3 – They will take the money and will leave the office without drawing anyone’s attention.
Step 4 – Once collected, the car would move towards the bank. There will be two to three-person in the car including the driver who is generally not allowed to leave the car until they reach back to the garage.
Step 5 – Once the cash is deposited in the bank. You’ll receive a message from the bank and from the cash collection organization.
Step 6 – You will also receive a slip clarifying that your money is safe in the bank for opted for.
These cash collection services allow you to get the change as well. For Example, you want hard cash from your account on a specific date. The company will collect the money from the bank on the same day, take care of the denominations you have asked for and reach you as soon as possible.
Sometimes cash collection services cannot be fulfilled due to gazetted holidays or some natural calamity, in such cases, you can opt for other services as well. Every company have their rules and regulations, you have to follow and enjoy uninterrupted services for the rest of the year.
Interested users can always search for companies near you. They normally call you for meetings and get a contract signed which needs to be obeyed at any cost. We have provided you all the required information regarding cash collection services, for any other query, please feel free to write your comments below. We’ll definitely reply as early as possible. Thank you!