POLICE CAUTION THE PUBLIC ABOUT CARRYING CASH

Isambane News 16555266-new-bank-notes-printed-2012-south-africa-300x225 POLICE CAUTION THE PUBLIC ABOUT CARRYING CASH  Isambane

Members of the community are urged to protect themselves and reduce the risk of becoming victims by applying the tips below:
· 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.
· 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 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 workers 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 workers’ personal bank accounts.

Tips for Stokvel Groupings:
· 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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