As your banking partner, we understand the impact that your cash turnover has on your business’ cash flow and profitability. It is with this in mind that we created a service which takes the hassle out of managing your business’ cash takings. Mercantile Bank has partnered with a number of companies to bring you a holistic offering that can be tailored to your specific needs.
We offer a solution for securely counting and storing cash onsite at your business’ premises, as well as a cash-in-transit (CIT) solution, to take your cash from your premises to a Mercantile Bank Business Centre. To this end, Mercantile Bank has established a relationship with a leading South African CIT Company. Should you so wish, you may elect to take up the preferential arrangement which Mercantile Bank has agreed with them for your CIT needs. It must be made clear that there is no obligation by you to do so and you are welcome to use the CIT provider of your choice.
Key Features and Benefits
  • Competitive pricing – Prices can be tailored to your needs and are based on cash volumes
  • Safe and efficient – Our cash solution takes the hassle out of managing your cash and helps safeguard you from certain of the risks associated with dealing in cash
  • Flexible – Our partnerships with various entities in the cash value chain, allows you to pick a solution that works for you
  • Same-day-value – Provided cash is received by our Business Centre within agreed cut off times, you receive same-day-value on funds
  • Rental options – Our in-house rental finance company can offer you an attractive rental option for the physical hardware to be placed on your premises​.