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Charles Dervarics

Guide to Currency Handling Equipment

Time-saving machines can sort and count currency in seconds

By Charles Dervarics, Writer/Editor

Everybody loves cash, but processing it is a small business headache unless you have the right solution. Today’s currency handling equipment sorts both coins and bills, and some solutions even come with built-in counterfeit detection.

This 3-part strategy will guide you through the search process:

  1. Assess your needs based on daily cash volume
  2. Look for technology that can scan, sort and count currency
  3. Find cost-effective features appropriate for your business

Whether you need an upfront vending-machine solution or a back-end coin and currency counter, the market is flush with vendors.

Action Steps
The best contacts and resources to help you get it done


Get counterfeit protection

Bogus bills can hurt your bottom line. Seek solutions that take the added step of built-in detection of counterfeit currency.
I recommend: Progressive Business Systems equips many of its fast-sorting machines with magnetic counterfeit detection.

Look for special features

Cashless transactions are on the increase, and some currency counters will meet this need as well.
I recommend: Consider Cummins-Allison, whose products process currency and bar code coupons or tickets at the same time. Many of the product lines claim to recognize the denomination of every bill at speeds of 1,500 bills per minute. Large vendors such as Money Controls may customize solutions for specific types of businesses, from arcades to gas stations and parking facilities.

Get more for your money

Look for solutions that not only count currency but also fill other small business needs.
I recommend: Acucount's lightweight machines have a scale for mailing and a print function that provides a detailed audit trail by employee ID number.

Install card readers

For many vending machines today, flexibility is the buzzword for currency handling equipment.
I recommend: Coinco has coin and bill handling equipment with the added convenience of credit and debit card readers.

Don't forget maintenance

Any currency handling machine needs special care to give it a long shelf life.
I recommend: ABC Office sells currency handling equipment and special cleaners and air dusters to promote upkeep.

Tips & Tactics
Helpful advice for making the most of this Guide

  • Expect prices from $100 for compact units to $700 and up for more sophisticated machines.
  • For high-volume operations, look for equipment that can process up to 1,200 bills per minute.
  • Your new machine should have few or no moving parts, and many will weigh less than 10 pounds.
  • Some products feature a rechargeable battery so you can take the machine to different locations.

The official source of Currency Handling Equipment is
the Currency Handling Equipment page at Business.com

Currency Handling - Counting, Wrapping & Organizing Money
The Currency Handling Supplies Your Bank Wants You to Use. Currency Counters, Bill Straps & Trays, Cash Drawers and more. BankSupplies - Count On Us!
Currency Counters | Bill Straps | Currency Trays | Cash Drawers
BankSupplies.com
Currency Handling Equipment
Offers guaranteed low pricing on currency handling equipment, including money counters, coin sorters, coin scales and wrappers.
Coin Counters | Coin Scales | Bill Counters | Coin Sorters
Factory-Express.com
Custom Material Handling Equipment
Material Handling Workbenches and Packing Stations Built to Your Specifications. Factory Direct. Free Quotes and CAD Drawings Available.
Contact Us | GSA Contract
www.Formaspace.com
Material Handling Equipment
New Pig offers drum dollies and lifters, drum funnels, material handling carts, safety storage cabinets for corrosives, cylinders and more.
Safety Cabinets | Corrosive Cabinet | Cylinder Dollies | Catalog Request
www.newpig.com
Related Resources

Recommended Solution Providers

Machine Runner: Money Handling
On-line store for business machines including all types of currency handling equipment: coin sorters, bill counters, counterfeit detectors, check processing machines

Block and Company: Money Handling Supplies
Block and Company has been manufacturing currency handling equipment since 1934 in Illinois. This is their on-line store.

General Bank Supply: Bank Supplies
General Bank Supply has been offering bank supplies for over 45 years. They carry everything from coin storage to coin processing to counterfeit detection.

Best Sites to Learn More

U.S. Secret Service: Guide to Currency
This is the "Everything You Wanted To Know About Money" site. It includes the history of currency, how to detect counterfeit currency, what to do if you receive counterfeit currency, and offers tips on how to guard against forgery.



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