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Tips to Avoid Being a Victim of Cash Robberies

With the increase in crime across South Africa, citizens need to become more aware to avoid becoming yet another crime statistic.

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Here are some tips to help.

If you need to pay accounts, consider options that are lower risk instead of withdrawing large sums of cash.

Apply the following tips to avoid being a victim:

• Carry as little cash as possible
• Consider the convenience of paying your accounts electronically
• Consider making use of cellphone banking or internet transfers or ATMs to do your banking.

A small business which is cash based and needs to deposit money on a regular basis at the bank should apply the following tips which will minimize the chances of you being a victim of robberies:

• Alternate the days and times on which you deposit cash
• Never make your bank visits public, even to people close to you
• 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
• If the amount of cash you are regularly depositing is increasing as your business grows, consider using the services of a cash management company
• Refrain from giving wages to your contract or casual labourers in full view of the public rather make use of wage accounts that can be provided by your bank
• Refrain from driving to the bank in your company any branded vehicle on a typical ‘pay day’
• Consider arranging for electronic transfers of wages to your contract or casual labourers’ personal bank accounts

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