Cash Vault Services
If cash is king for how your customers make payments to you, security in how you manage that cash is king as well. First Commonwealth’s Cash Vault services provide an efficient method to collect your cash and provide the daily operating cash for businesses that handle large quantities of cash. Our Cash Vault services can help you track, monitor and report all your cash activities to reduce risk with cash handling, access your funds more quickly and save time. Our flexible cash vault solution is built with the growth of your business in mind.
Importance To Business Owners
If you have concerns about employees handling deposits or the security of those activities, cash vault services provide a secure and efficient way to make deposits.
With cash vault services, your coin or currency requests can be made via phone or by setting up standard order deliveries. This is a service that is ideal for cash centric businesses who handle larger volumes of cash transactions in industries like retail/shopping, food industry, fast food chains, coffee shops, laundromats and more.
Coin and currency delivery services mean less trips to the bank so that you can focus more on growing your business and less on the day-to-day operations.
Benefits of Cash Vault Services
Reduce risk – Reduce the risk of employees carrying cash to and from the vaults at our local office by having armored couriers pick up your cash from your locations at designated times that fit the needs of your business
Access your funds more quickly – get same day credit for checks and cash received by the published deadline, streamlining your reconciliation and reporting
Easily place orders – place your coin and currency order with us via phone or by a standing order process that we can establish
Flexible Deposit Preparation – Our flexible deposit requirements allow for acceptance of both check and cash deposits
Comprehensive Reporting – Obtain daily reporting of your cash activities to manage your cash activities more efficiently
Cash vault services are one of the many Treasury Management solutions available to our customers. Our Treasury Management team would love to connect with you and determine the best cash vault process for your business. Contact us today.
More Resources for Your Business
Cash Concentration - cash concentration is a banking solution that allows you to centralize multiple accounts. Read more to see if your business could benefit.
Lockbox Services - By centralizing your payment collection with lockbox services, you can reduce mail float, speed collections and improve your days sales outstanding while reducing your check processing costs. Learn more.
Cellar Works Brewing Co.
John and Laura Lasher and Tim Bauer knew they could turn their passion into a profit. They just needed the right partner.
In 2018, Doug Carr, CEO and Nancy Jager, CFO, were looking for a solution to change their debt structure.