Treasury Management Services
DeposiCash®
How does it work?
Day 1
- Company processes daily work until closing, which can be as late as midnight.
Day 2
- Online reporting application "polls" the safe at agreed upon time to obtain information on Day 1's activity. This is usually between midnight and 6 am.
- Compass posts the deposit to company's account.
Day 3
- Deposit activity and images may be viewed and doanloaded from Compass e-Access Information Reporting.
Day 3/4
- Physical cash is picked up from safe at company's locations by armored courier.
Day 4/5
- Cash deposit is processed at armored courier's facility.
Day 5/6
- Armored courier delivers the cash to the designated Compass cash vault.
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