COMMUNITY WARNED NOT TO CARRY LARGE SUMS OF CASH

Isambane News 12039703_1195108233849450_69888603266888234_n-300x300 COMMUNITY WARNED NOT TO CARRY LARGE SUMS OF CASH  Isambane

Isambane News 12039703_1195108233849450_69888603266888234_n COMMUNITY WARNED NOT TO CARRY LARGE SUMS OF CASH  Isambane

The members of the public are being warned not to carry large amounts of cash. They must consider options that are lower risk like to carry as little cash as possible and consider making use of cellphone banking and internet transfers to pay accounts or ATMs to do the banking. With the recent incidents where people are being robbed of their cash or even killed. A warning has been issued to prevent such incidents in future. Below are the tips that will help minimise the chances of being the victim of robberies:

TIPS TO AVOID BEING A VICTIM OF CASH ROBBERIES

· Alternate the days and times on which you deposit cash

· Refrain from making cash deposits

· 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

· It’s advisable to identify another branch nearby that you can visit to ensure that your banking pattern is not easily recognizable 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

· Refrain from driving to the bank in your company branded vehicle on a typical ‘pay day’

· Consider arranging for electronic transfers of wages to your contract or casual labourers’ personal bank accounts.

We would also like to warn all stokvel members to take extra precautions when dealing with large amounts of cash as these types of cases are very prevalent during the festive season when members are sharing money. The members can arrange with the banks and deposit their cash into their accounts. Community must not withdraw large amount of cash

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