If you work in a large franchise, bank, or a regional council office or government institution, then the chances are that you’ve seen cash in transit services at work.
A cash in transit service transfers large sums of money from one location to another via the use of armoured vehicles. In fact, many well-known security companies offer cash transit services as part of their daily work, and employ professional security guards and drivers that are armed.
The intent of a cash in transit service is to safely transport cash valuables in a defensive manner. What this means is that the armoured fleets are heavily armoured, but are not designed for an offensive purpose should they run into trouble. They are designed to drive away from a scene as quickly as possible to a safe location.
If you’re a large banking chain in Sydney, for example, it makes sense to outsource cash services so that you don’t have to handle money in-house. It’s more efficient and more secure, reduces the risk of crime, and allows individual service centres to focus on their customers. Services that specialise in cash in transit in Sydney are readily available and offer reliable credentials and reputable core values.
In Australia, for example, cash in transit services work with the following banks:
- National Australia Bank
- Commonwealth Bank
- CBA, ANZ, Westpac
Cash in transit services also work with other businesses, including large private businesses, schools, hotels, hospitals, and car parks. Though their primary function is the safe transport of money, many reputable companies offer cash counting, bank deposits, and the delivery of change from the bank to organisations and businesses that require till floats.
Some Interesting Things You Didn’t Know About Armoured Trucks
It’s likely that you don’t think too often about armoured trucks, but when you do see one, do you know much about them? Here are some interesting facts about the vehicles themselves.
- Armoured trucks like this are heavy vehicles. When they are fully loaded with valuables, they can top out at over 27 tonnes! That’s entering military vehicle territory.
- Because their primary function is the safe transport of valuables, they are built for defence. This also means that the trucks can still drive on tires that are flat or blown out until they reach a safe destination.
- The history of armoured cash in transit services actually started in Chicago in the 1920s, during the height of Mafia crime. The first trucks were actually school buses that had been converted and heavily armoured to try to defend against Mob attackers who had their own custom made armoured cars! These early vehicles even featured travelling guards with machine guns!
- Today, armoured trucks are heavily steel plated and feature sloped bullet proof glass to deflect projectiles.
A Reputable Cash in Transit Company
This is a highly specialised area. The most reputable security companies offer a commitment to cash in transit services that includes the use of the latest security technology, highly trained guards, and the high level of discretion required for the routine transport of valuables.
About author: Mauneel Desai is a financial expert and is currently working as Chief Financial Advisor. He has achieved a good position with his hard work.
