Cash in transit (CIT) or Business Banking refers to the secure movement of cash, valuables, or financial instruments from one location to another, typically involving the transfer between banks, retail stores, Automated Teller Machines (ATMs), or other entities handling large amounts of money. This service is usually provided by the use of specialised covert vehicles, trained personnel, and advanced security measures to ensure the safe and confidential transportation of monetary assets.
The primary purpose of cash in transit services is to prevent theft, robbery, or loss during the movement of money and valuables. These services involve strict protocols, including the use of covert vehicles designed to withstand attacks, covert operations, GPS tracking, secure containers, and armed security personnel to provide a high level of safety and security throughout the transfer process.
Cash in transit is a critical component of the financial and retail sectors, helping to facilitate banking operations, retail cash management, and the secure handling of high-value assets. It requires a high degree of professionalism, risk management, and compliance with legal and safety standards to ensure the integrity of the transfer process and protect all parties involved.
In summary, cash in transit services are specialized logistical operations focused on the safe, reliable, and confidential transportation of cash and valuables from one location to another, playing a vital role in the security infrastructure of financial and commercial industries.
The benefits of CIT services include;
- Staff are not tied up standing in bank queues while the office work piles up. Some businesses organise mail collection to be done at the same time as the bank deposits.
- Reduction in staff risk. The thief doesn't know how much cash you are carrying. $5 or $500,000 the risk to staff is the same. What are your staff worth?
- Your money is insured from pickup to delivery.
- Guards are covert. The public do not need to know when your money is being picked up.
- Overnight insured storage. A big event and no banks open? We can pickup, store and bank the next day the bank opens.
- All CIT guards are trained and comply with NSW Security Industry and Police standards.
