A Retailer’s Guide to Purchasing a Security Deposit Bag

When it comes to purchasing secure bank deposit bags for cash or coins, there are a lot of options. However, your cash management system should include using bags that meet Federal Reserve guidelines. A high-quality security deposit bag can help to reduce employee pilferage. Further, the best security bag for money transfers is tamper-proof and includes spaces for labels and bank deposit account instructions. Use this convenient guide to help you shop for deposit bags.  

How to Shop for a Security Deposit Bag

To help keep your business running securely, your cash management system should include purchasing the best tamper-proof deposit bags. Deposit bags look like cash-in-transit bags but have different uses. Deposit bags travel from the till to the manager of the store. The manager then combines them into a cash-in-transit bag for pick-up by an armored car service for transfer to the Federal Reserve. Hence, deposit bags must meet the specifications outlined by the Federal Reserve. The best deposit bags are secure and are highly tamper-evident. But, what’s the best bag for your business needs? 

A secure deposit bag should include features like:

• A large white space for easy-to-read printed details and labels: The white space on a deposit bag is an area to write out instructions and bank deposit details. Detailed information helps banks guard their assets, protect deposits and reduce confusion (mislabeling, incorrect counts). Printed bags should include an area for labels specific to the business and bank. 
• Superior locks and seals: Bags should block unauthorized access and include zippers or key combinations. 
• Water- and tamper-resistant security: State-of-the-art bags include designs that show tears or mutilations if someone cuts an edge and then reseals it. This protects the cash or coins in the bag. It also reduces theft as the labeling is resistant to solvents and punctures. Some bags include a tear-off receipt on the bags. A white area located on the bag is for writing out cash totals and other deposit information. Special ink for this “write on write” area helps ensure no alterations can occur. 
• High-grade fabrics: Some bags are clear or white and made from disposable plastic or vinyl. They may include a special window and come with handles for easy carrying. These durable cash bags include tamper-evident construction. 
• Different styles and sizes for cash or coins: Sizes might include small, medium or large sizes. Styles may include a place for banknotes, labels, deposit amounts and bank instructions. These should all meet FDIC requirements.
• Flexible pricing: Shop for affordable deposit bags that won’t compromise security. These may come in both small and large quantities.

Next, let’s take a look at a few steps to help you protect your deposits.

Guidelines to Protect Cash and Coin Deposits

A few best practices can help your business protect its assets. From employee training to installing video equipment, here’s how to create an anti-theft plan:

• Train existing and new staff in money handling procedures: Run background checks on staff who handle money and train them on how to spot losses. 
• Use 2-person authentication: Never allow only one person access to accounts and cash or vault and safe box information. Always have a two-person sign-off and alternate these staff members.
• To reduce theft, install video equipment: Include cameras in areas where cash counts occur and at cash registers. Set up cameras in areas where carriers pick-up deposits and in areas where you make night-deposits.
• Hire reliable and verified third-party armored carriers: This helps protect your assets and currency deposits.

Sample Cash in Transit Bags 

Are you making night deposits? Or, using armored carriers for your cash pickups? If you’re shopping for deposit bags, you might not know where to start. Deposit bags are available for cash and separately for coins and they must meet Federal Reserve guidelines for depositing currency. Below are a few sample bag styles to help you find the right deposit bags for your business. New to making deposits with the Federal Reserve Bank? Refer to their Deposit Visual Reference Guide.

Here are a few sample cash in transit bags:

E Fold Over 15 x 20 Vinyl Bag 1264S Pack of 50 Bags for $23.66

These SentryGreen™ Dual Seal bags measure 15” x 20”. This sized bag can hold 4,000 individual notes or a total of 4 bundles. This bag includes an area for your cash totals and other deposit details. The seams meet all applicable Federal Reserve guidelines. With easy to read instructions on the bag, these bags are useful for high-volume cash deposits. 

D Bag 12 x 16 Vinyl Bag 1262 Pack of 100 Bags for $25.24

These are tamper and water-resistant SentryGreen™ Dual Seal bags. They measure 12” x 16” and this sized bag can hold 2,000 individual notes or a total of 2 bundles. The self-sealing seams meet all applicable Federal Reserve guidelines. Included is a pocket on the back and a large space available to write information about cash totals and other deposit information. With easy to read sealing instructions on the bag, use these bags for medium-volume cash deposits. 

The Superior Coin Bag™ Medium 11” x 17” Bag #5002 Pack of 50 Bags for $21.03

These are high-performance SentryGreen™ coin bags. They measure 11” x 17” and this sized bag can hold up to 25-lbs in coins. Designed for single-use, the self-sealing seams meet Federal Reserve guidelines. There is a large space for writing information about coin denominations and a die-cut handle for convenient carrying. Easy to read sealing instructions  are viewable on the bag along with an area for labels and business account information. Unsure of which bag is best? Request a sample bag or consider purchasing a cash-in-transit sample packet. This includes different sized coin and cash bags and a sample dual handle and dual seal bag.

Security – In the Bag

Using the best security deposit bag is important to your business. It should include storage for cash or coins and an area for proper documentation. Let Superior Bag™ help you create custom solutions for your cash management needs and reduce your liability. 

Superior Bag™ is an industry leader that invented security packaging 40 years ago. We comply with all Federal Reserve System guidelines and offer the highest-quality, tamper-resistant bags for financial institutions, armored carriers and retail businesses. With affordable pricing available, choose from a variety of durable and compliant bags at wholesale prices or order in smaller quantities. With same-day shipping available, stay protected with Superior Bag™!