SAPS NEWS: SafetyFriday tips, its pay day, beware When Carrying Cash CarrryingCashSafely ATM...

#SafetyFriday tips, its pay day, beware When Carrying Cash #CarrryingCashSafely #ATMSafety

The South African Police Service warns & hereby further urges bank clients to always remain alert when carrying cash especially as today, for most, is

pay day.

Reduce the risk of becoming a victim by following the tips below:

Tips for Individuals

• Carry as little cash as possible.

• Consider the convenience of paying your accounts electronically (consult your bank to find out about other available options).

• Consider making use of

cell phone banking or internet transfers or ATMs to do your banking.

• Never make your bank visits public, even to people close to you.

Tips for Businesses

• Vary 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 moneybags, briefcases or openly displaying your deposit receipt book.

• It is advisable to identify another branch nearby you that you can visit to ensure that your banking pattern is not easily recognisable or detected.

• 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.

• Consider arranging for electronic transfers of wages to contract or casual labourers' personal bank accounts.

Tips for Stokvel Groupings

• Refrain from making cash deposits of club members' contributions on high-risk days (e.g. Monday after month end).

• Ensure persons depositing club cash contributions or making withdrawals are 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's pay out to be electronically transferred into each club member's personal account or accounts of their choice.

• Take another person with when going to deposit club cash contributions.

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