Night Depository
Candlefocus EditorNight Depositories are typically located on the exterior of a bank, simplifying the process of deposit for customers. This exterior is usually locked and requires a key to open, with deposits often placed into a special locked bag for more security. The bags are opened and the funds are tallied during the bank’s following business day and then deposited into the customers business account.
The service is mainly used by small business owners that usually deal with large amounts of cash and cheques. These business owners often require the extra security provided by this service to protect their funds and have it placed in their accounts for future use as quickly and easily as possible.
Customers may often have to pay a fee for night depository services, but the security and convenience provided by this system is often seen as well worth it. This service allows customers to rest assured knowing they have a safe, secure and convenient method of depositing funds in their business accounts.
Overall, Night Depository services are incredibly useful, offering customers the added reassurance they need when depositing funds after regular banking hours. Not only are they incredibly safe, but they are also very fast, allowing customers to ensure their funds are deposited properly and placed in their accounts with convenience and ease.