TIPS to Avoid Being a Victim of Cash Robberies
- Alternate the days and times on which you deposit cash.
- Never make your bank visits public, even to people close to you or employees. Do not openly display the money you are depositing while you are standing in the bank queue.
- Avoid carrying money bags, briefcases or openly displaying your deposit receipt book.
- It’s advisable to identify another bank branch nearby that you can visit to ensure that your banking pattern is not easily figured out.
- If the amount of cash you are regularly depositing is increasing as your business grow, consider the possibility of using a cash management company.
- Refrain from giving wages to your contract or casual labourers in full view of the public.
- Refrain from driving to bank branches in your marked business car full of labourers on a typical ‘pay day’ Arrange an alternative ‘pay day’ with your contract or casual labourers instead of sticking to the standard last day of the week or fortnight.
- Arrange for transfer of the wages of your contract or casual labourers into their personal accounts.
- Refrain from making cash deposits of club members’ contributions on high crime risk days (eg., first Monday after the end of the month).
- Arrange for a person making club contributions to be accompanied by another club member.
- A stokvel, savings club or burial society can arrange for members to deposit cash directly into the club’s account instead of collecting cash contributions.
- Arrange for the club to make payments to beneficiaries through electronic transfers.
- Consider the convenience of paying your retail accounts electronically (either directly with your bank card or through a stop order that you can arrange with your bank).
- You can arrange for the payment of your creditors by direct deposits into their bank accounts instead of carrying too much cash.
- As a company, school, non-profit organisation, club, gym or any other small business arrange with a debit order collection service to collect fees, donations etc. via a debit order, thus reducing risk of having excess cash on premises, lowering your risk and even your insurance premium.
For more on SABRIC visit www.sabric.co.za
SABRIC is a Section 21 company formed by South African banks to support the banking industry in the combating of crime. SABRIC’s clients are South African banks and major CIT companies. Its principle business is to detect, prevent and reduce organised crime in the banking industry through effective public private partnerships. SABRIC co-ordinates inter-bank activities aimed at addressing organised bank related commercial and violent crime and acts as a nodal point between the banking industry and others, in respect of issues relating to crime. The creation of public awareness of various bank related crimes and educating the public on how to protect themselves is one of SABRIC’s key focus areas.