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Cash and cheque deposits
Alternative deposit solutions to the branch network
Our nationwide network of branches means it's possible to deposit cash and cheques wherever suits your business best.
However, if your business has large volumes to deposit, you should consider our specialist services. These are designed to reduce costs, improve staff safety and ease cash management. You will benefit from a single point of service, whichever solution is right for your business.
Our Cheques Direct service enables businesses that handle more than 20,000 cheques a year to bypass the branch network and send their deposits to a Voucher Processing Centre (VPC). As such, your business will benefit from centralised processing while retaining control of the courier collection service.
Key benefits
- Cost savings - as the service bypasses our branch network and cash centres, we should be able to pass on the reduced processing costs as lower charges
- Efficiency savings - your business engages the courier service, so you can be sure of a simple one-stop collection solution that reflects your business's timetable
- Timeframes - your deposits will be processed in three working days
A secure and convenient collection service for customers who deposit large amounts of cash on a regular basis. Direct Cash delivers funds direct to a cash centre for processing. The minimum deposit is £1,500 in notes, with up to £150 in coin.
Direct Cash benefits
- Cost-savings - our advanced processing technology could reduce your transmission costs and other charges.
- Added security - a recognised security carrier will deposit your funds at our cash centre.
- Time and efficiency savings - gain the convenience of a secure collection from your premises, avoiding the need for your staff to queue at the branch.
- Staff safety - by using a professional security firm, you will reduce the risks to your own people.
- Timely crediting of funds - funds will register in your account on the day of receipt if our cash centres receive the deposit before 1 pm.
- Inclusive service - our service takes lower denominations.
A secure collection service for customers with smaller amounts to deposit, Consolidated Cash delivers funds direct to a Cash Centre for processing. Your business will need to deposit amounts of less than £1,500 in notes and/or more than £150 in coin to benefit.
Consolidated Cash benefits
- Cost-savings - by combining small deposits into bulk volumes you will benefit from advanced processing technology and potentially lower charges
- Convenient collections - the security carrier will collect direct from your premises at a pre-arranged time
- Improved staff security - by using a professional security carrier you won't be exposing your staff to risk
- Time and efficiency savings - gain the convenience of a secure collection from your premises, plus the benefits of faster processing
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