Cash and cheque deposits

Cheques Direct is designed for businesses that handle more than 20,000 cheques each year. Instead of using the NatWest branch network, cheques are collected and taken to a voucher processing centre. Your business will benefit from the efficiencies of central processing.

Key benefits

• Cost efficiency – since you bypasses our branch network, we are able to pass on the reduced processing costs as lower charges
• Easy management – your business controls the courier service, so you can arrange a collection timetable that suits you
• Timescales – your cheques will be processed in three working days

Direct Cash is suitable for deposits of at least £1,500 in notes or £150 in coin. It is suitable for businesses that make regular deposits of large amounts of cash.

Benefits

• Cost efficient - bulk processing could lead to lower charges
• Increased security - cash will be collected from you and delivered to us by a recognised security carrier
• Convenience – secure uplift from your premises, and the benefits of speedier processing
• Staff security – your staff don’t need to carry large amounts of cash to your local branch
• Inclusive service – because we take lower denominations than many of our competitors', more businesses can use our service
• Insurance – your business will be fully insured against any loss of cash in our possession

Consolidated Cash is suitable for deposits of less than £1,500 in notes and/or more than £150 in coin. Funds are collected from your premises and taken directly to a cash centre for processing.

Benefits

• Cost benefits – you can benefit from potentially lower charges when you combine small deposits into bulk volumes
• Convenience – you arrange a suitable time for the security carrier to collect from your premises
• Increased staff security – because cash is collected from your premises, your staff don’t need to carry large amounts of cash to your local branch
• Faster processing – plus the convenience of a secure collection from your premises