Does your company have large volume cash and/or coin deposits most work days? Are you looking for extended same day deposit windows? Are you concerned about the security of your employees taking deposits to the bank or do you have an armored courier pick up your deposits? If so, M&T’s Cash Vault Services are just what you need. Our Cash Vault Services can help meet the currency processing needs of your business.
There are many benefits to subscribing to M&T's Cash Vault Services:
Cash and Coin Deposit Processing. M&T’s network of 9 cash vault sites provides secure deposit services to clients depositing significant volumes of cash and coin. Funds are verified utilizing advanced counterfeit detection mechanisms and posted to your account with corresponding adjustments, as necessary. Our Vault processing sites are conveniently located throughout Maryland, New York, Pennsylvania, Virginia and New Jersey.
Learn more about Remote Safe Deposit service
Cash and Coin Ordering. Clients that require large volumes of currency to operate their business can place cash and coin orders through the convenience of our Internet site or our automated touch-tone telephone service.
Reduce Risk and Improve Productivity. Clients contract an armored courier to deliver deposits to the cash vault processing site so your employees are no longer put at risk. Location or store managers are free to focus on the day-to-day operations of the store.
Improve Reconciliation. Deposits, adjustments and change order debits will post with the specific location number, allowing you to reduce the number of bank accounts you maintain.
To find out more, please send us an email, call 1-800-724-2240 to speak to one of our experienced Commercial Service Team Representatives, or contact your M&T Relationship Manager.