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Why banks should invest in cash counters

There's no place more useful for a cash counter than a bank.

With dozens of transactions completed a day, it's critical that bank tellers have a way to quickly and accurately keep track of the money going in and out of their establishment. That's where money counters come in.

Human error is possible in any activity, but when it comes to money handling, any uncertainty can lead to time-consuming recounts and added stress for bank employees. To minimize the likelihood a of mistakes, bank managers should invest in cash counters that will keep every shift running smoothly to keep employees and customers happy. These machines are capable of processing thousands of bills per minute, which will free up employees to complete other duties instead of onerously counting money.

"But besides processing deposits, the staff has other work to do," said Joel Serna, teller manager for Rio Bank. "They need to help with reports, check general ledgers and other tasks throughout the day. And the more we can free them up to help in other areas, the more effective our staff can be."

Another benefit to cash counters is their ability to detect wrong bill denominations. For example, if a tired employee was counting $20 bills but accidentally slipped a $100 bill into the pile, he or she might not notice it and throw off the entire count. Automated cash counters will stop the count and wait for the wrong bill to get removed from the stack before continuing with an accurate count. Certain machines can also keep their counts going, even if they come across a damaged bill, which means an employee won't have to spend time dealing with jams in the machine.

Lastly, these counters are also capable of detecting counterfeit bills, which is something much more difficult for human eyes to detect. It will give bank employees and consumers alike peace of mind knowing that fake bills haven't infiltrated the bank's currency circulation.

January 20, 2017