How Does a Cash Recycler Work?
Cash recyclers work by automating the counting and authentication of bills and coins to then both safely store and re-dispense or “recycle” the same cash for retail purposes, reducing the frequency of armored transport and cash-ordering from a Federal Reserve Branch.
Cash recyclers can intake both bills and coins, which are then counted and sorted into cassettes for storage and re-dispensing. Systems supporting the physical machine integrate directly with a company’s financial systems to realize the value of cash on hand as if bank notes have already been shipped to a bank. Automating cash transaction processes to and from your cash inventory essentially puts a functioning bank within your facility.
Cash recyclers provide roughly a 90% gain in efficiency by eliminating manual counting, validating, shipping, and cash ordering. Cash recyclers not only give tellers and cash handlers more time but also eliminate costly human error.
How a Cash Recycler Works:
- Notes and coins are placed in their respective feeders.
- The cash passes through validators and sorters to determine denomination.
- Counterfeit coins and notes are removed during sorting, and rejected.
- Authenticated cash is sorted into cassettes for vault storage or for on-site re-dispensing.
- When a withdrawal is necessary, cassettes are immediately and safely available for re-dispensing within your company’s unique use case.