Vault Cash Management

Vault Cash Management, How Does It Work?

If you recently started a new ATM business, one of the most important terms to become familiar with is vault cash management. 

This term is important because it refers to the liquid reserves that are on premise and able to handle all day-to-day transactions at your ATM. 

Having enough vault cash is important because, if your ATM runs out of cash, it’s easy to lose repeat business because customers will start choosing others ATM’s that are nearby if they know that your ATM has been known to be out of cash at times. 

Don’t Let Customers Deplete your Vault Cash Supply 

Keeping your ATM stocked with enough vault cash is essential to its success, but the reality is that in today’s world it’s not always possible to keep your ATM stocked safely and efficiently. 

One simple way to find the ideal amount of vault cash that you should keep stocked in your ATM is to track about 3-6 months of your customer transactions then once you have a daily withdrawal amount, you should divide that number by nine because, this will give you a sum of nine days’ worth of cash. 

Keeping your ATM stocked with nine days’ worth of cash is ideal because this will ensure that your ATM has enough cash to handle withdrawal spikes and you won’t face any unnecessary expenses.  

Outsourcing Vault Cash Management Makes Sense 

Now that you know the basics of vault cash management, the most important take away that you should get from this article is the importance of outsourcing vault cash management. 

Outsourcing vault cash management is essential because it’s a seamless service, frees up your cashflow, lowers your operation costs, and most importantly, outsourcing your vault cash management ensures your personal safety as well because a trained vault cash specializes in expertly ensuring that your ATM’s are always stocked with cash. 

AtmMachines.com, LLC can assist you with all your vault cash management needs, to learn more about the services that they can offer you, visit their website at https://atmmachines.com or call (888) 474-3125

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