Banks nowadays prefer to transport cash above a specific limit to a vault outside their premises for safekeeping and preventing theft. The amount they require for daily transactions and customer requests is around $20,000 to $50,000. Most banks have safe deposit boxes inside their vaults, and the banknotes are stored there too. Vendors' armored car services are available on-demand or they can be assigned specific days for cash vault deposit.

Banking trends have changed

With the advent of digital banking and smartphones' popularity, very few transactions or exchanges are with banknotes. It's not like some decades ago when people carried briefcases filled with cash! Now it's credit cards and online banking. Keeping large volumes of money at a known location can attract thieves. Not only does this mean financial losses in the case of a robbery, but the possibility of injury to employees or customers. Setting a limit to the cash at a single location reduces pressure for armed guards around the clock. Many customers insist that the cash logistics team's visits for delivery or pick-up are as discreet as possible.

Some of the top vendors for armored car services own vaults that they offer for the safekeeping of money to their customers. If the vendor also offers cash replenishment services for ATMs, these banknotes are very handy. For those that provide smart safes to customers, the cash they collect is stored safely and securely in their vaults. Most banks and financial institutes prefer working with a single vendor for multiple services. Cash vault deposit services, ATM services, and smart safes offered by the same vendor work well together.

By keeping a limited amount of cash on their premises, most banks can focus on safe deposit box services, which is a lucrative business. These are highly confidential miniature vaults for customers' valuables and also require high security. Fees are charged from account holders by the bank for renting their safe deposit boxes. These boxes' contents are unknown to the bank and can be anything from diamonds to important documents.

Cash logistics and vault deposit solutions

One of the top vendors in California for cash logistics has been in business since the early eighties and built several long-lasting business relationships with their customers. Having trusted the company to transport large volumes of banknotes across California, the customers were confident they would be reliable and efficient for cash vault deposit services. They were also considered ideal for ATM management at different levels. The cash logistics vendor offers several services that require armored transport of cash in their operations, thereby keeping minimum people in the loop about where and when money is being transported. It also ensures better internal coordination for logistics and minimal risk.

Armored transport continues to be the primary source of income for vendors offering cash logistics and other related services. Some have more than a couple of vaults in the state, ensuring the cash stored is always under the radar and protected by professionals. Banks aren't their only customers, and armored trucks are used to pick-up or deliver valuables like art and jewelry. Cash vault deposit services are a sure shot way of building a relationship based on trust which opens other business avenues with customers.