Security and reduced risk

The service provides security at all times when the cash is in our custody thus reducing the risks to you and your staff while handling and transporting the cash to the bank.

Reduced internal administration

Our agent will come to your premises at the pre-agreed preferred timings thus reducing the administration of making sure funds are deposited into your account in a timely manner

Cost saving 

The cash will be transported to our bulk cash centre, (including foreign currency) thus ensuring that you benefit from a 25% saving on cash handling fee (0.15% instead of 0.2% currently charged for normal deliveries at the branch).

How does it work?

Every week (Monday to Saturday), our agent will come to your premises at the different locations, collect the cash and transport it to the bank for deposit. The service operates during normal banking hours, but we can also arrange to collect your cash after normal bank opening times and hold it overnight for deposit the next day thus minimising your risk further. 

How does it work?

A dedicated courier will collect non-cash items such as cheques, instructions, treasury confirmations, trade documents, and chequebook requests and deliver these to the bank on your behalf.

Confirmations, acknowledging items that have been received or processed, will be sent back to your organisation by the courier, who will also deliver all non-cash items, such as letters, chequebooks, advices, statements and all other documents from the bank to you.

What are the benefits?
  • You will receive better lead-time in receipt of bank documents such as unpaid cheques, advices and statements that were previously sent by post.
  • Your staff, who currently go to the bank, will have the opportunity to carry out other value adding activities.
  • The convenience of not having to leave the office to carry out your banking transactions.
How does it work?

Bank Direct - Wages is a service offered by Absa in partnership with a reputable security company. The bank facilitates easy payment of your cash payroll through Bank Direct - Wages, with the following benefits to your organisation:

  • Reduced internal administration
  • Security personnel use secure, sealed wage packets
  • Reduced packaging cost and downtime
  • The convenience of payments at many pay points
For more details contact our cash management team on:

Tel:
+260 211 236 720 or +260 211 366 150

Need more help?
 

Toll free: 5950
Tel: +260 (211) 366100
Tel: +260 (211) 366225