With our unique and comprehensive suite of quality, cost-effective Absa cash solutions, we guarantee you the convenience of your cash being handled efficiently, safely and securely. Our end-to-end cash accepting device solutions help you manage the risks associated with processing and handling cash on your premises.

Improve your cash flow

Optimises cash flow by either reducing debit interest or earning credit interest as the value of your cash is transferred into the client’s account as soon as the Cash-in-transit company removes the canisters/bags from the device.

Less cash handling risks

Any risks associated with carrying cash are outsourced from the point that the canisters/bags are removed from your on-site cash accepting device.

Less insurance costs

Your insurance costs could be less because your on-site risk is reduced through the cash being deposited into the secure device.

Your cash is safe

Your cash is stored within a secure vault making it a real deterrent to robbers - even your staff don’t have access to it.

Here’s how it works

Features
  • Counts all South African notes
  • Rejects counterfeit notes
  • Allows for as many deposits as you need, depending on the capacity of the device you are using
  • Role allocation to users through user cards/PIN codes
  • Provides a printed receipt every time a deposit is made
  • Provides a supervisor receipt showing all previous deposits
  • Provides a cash-in-transit receipt when the cash-in-transit company collects the money, showing the value of the removed canisters
  • Same-day credit to your business account through integration into Absa, after the canisters or bags are removed by the cash-in-transit company
  • The devices use SIM card technology to facilitate communication and payment processing
  • Includes a web-based management information system for viewing your transaction status
  • Software updates can be done remotely when required e.g. when the South African Reserve Bank releases new or updated note denominations 
Qualifying criteria
  • Installation of a cash accepting device is subject to site suitability
  • An Absa current account 
contact

Need more help?

Let one of our consultants assist you.

E-mail us at:

cashhandling@absa.co.za