Night Deposit
Night Deposit Bags
A night depository is a secured drop box on the exterior of a bank where accountholders can deposit their daily cash, checks, and credit card slips outside of normal banking hours. Depository safes and drop boxes for in wall and through the wall security of after hours and nigh deposits of cash, checks and currency - prevent rent check theft with a solution for security. Depositories, Drop Safes, Bank Deposit or Envelope Drop of Cash, Prescription Drug Bottles, Money Bags, Books and Nighlty Drops ADA Compliant Compliance.
Customers can utilize the security and convenience of our night deposit bags to deposit their cash receipts at the end of, or during, the business day. The bag holds up to approximately 1,000 notes and is ideal for businesses that handle large amounts of cash. This facility is available at all our branches.
Disposable Night Deposit Bags are also available. They are used in the same way as our regular Canvas bags – and can be purchased for single deposits at any of our Branches. These bags are designed to withstand rough handling and shifting of cash and are tamper proof. The total number of notes a bag can contain at any one time is 1,500 notes.
Services
- Your deposit is counted and verified under dual custody
- Have your account debited directly for rental charges
Benefits
Night Deposit Box
- Convenient
- Expandable to suit the needs of your business
- Secure
Night Deposit Bags
Unless there is a state law affecting your bank, deposits placed in a night depository are considered made on the date and at the time they are removed from the night depository and made available to the bank for processing. Read more about it here: Reg CC, section 229.19. Many banks, as a matter of customer relations, post a statement at their night drops indicating that deposits are removed for processing at (approximate time). Other banks simply inform their night depository customers of the approximate processing time at the time they sign up for night drop access or include language to that effect in the night drop contract. There is nothing in the regulation that requires a notice. Incidentally, there are many customers whose contracts call for their night bags not to be processed until the bag is opened at the branch by the depositor's representative. In such cases, the deposit isn't made (and availability days counted) until the bag is opened by the customer and the contents are made available for processing.
First published on BankersOnline.com 6/23/08