Reducing the Cash Risk For Your Laundromat

November 09, 2021
Share |

In the Laundromat industry, cash transactions are both a blessing and a curse.  If you handle money, you know it can present some serious risks to you, your employees and business.  Here are some tips to help you reduce the risk:

Cash Drawers

Take these precautions when using a cash drawer:

  • Open it only when making a transaction.
  • Close the drawer immediately after use.
  • Leave the bills the customer gave you on top of the drawer until after making change to keep a record of what the customer paid in case of dispute.
  • Never leave an open cash drawer for any length of time.
  • Notify your supervisor when you build up excess cash in your drawer so it can be moved to a more secure location.
  • Never count cash drawers in front of customers. Always count the contents of the drawer in a secure, private area.
  • Always lock the cash drawer and remove the key when it is not in use.
  • If the premises will be unattended overnight, empty the cash drawer and leave it open to deter damage in the event of a break-in.


Bank Drops

There may be a time when you will have to bring cash to the bank. Remember these tips while moving cash:

  • Never establish a routine for deposits. Vary the time and the route you take as much as possible.
  • Always try to take someone with you. Go by yourself only as a last resort.
  • Alert someone that you are leaving with the deposit and also tell them when you should be returning.
  • Transport cash in something that doesn’t draw attention to you. If you are using a bank bag or similar container, always put it in something unidentifiable.
  • Do not use public transportation.
  • If taking a taxi, use a reputable company, and always call for it by phone instead of flagging one down once you’ve reached the street.
  • If walking, choose busy streets that will keep you close by people.
  • Do not make other stops before the deposit.

Hold-ups

Even when employees take all the proper precautions, there is still chance for a robbery. If such a robbery occurs while you are at work, remember:

  • Try to remain as calm as possible.
  • Comply with the robber’s instructions.
  • Give them any money or goods that they ask for.
  • Make mental notes about the robber’s appearance so you can inform police.
  • Never attempt to physically stop an armed robber

Our agency specializes protecting the laundromat industry.  In fact, we do it nationwide.  Want more information, click hereto check out our website or give us a call at 888-997-9801