For businesses that handle a lot of cash, getting a money counter can be both a smart investment and a relief. There’s something magical about counting mountains of bills the first few times, but it quickly becomes a tedious and time-consuming chore. Money counters, also known as Bill Counter, automate this process so you can quickly count all of the day’s revenue and get on with other important tasks. Before you get a money counter, consider these five smart tips:
Advantages of the Total Banking Solution 1001 Bank grade Counter:
- Auto-start/stop for hands-free operation.
- LED display for real-time results
- Detects torn bills using 3D size sensors .
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The Counting Speed
This feature may seem obvious, but not so fast. Counting speed is important since speeding up the money counting process is the ultimate goal. Other factors may also come into play, such as the size of the feeder tray. If you are continually adding stacks and stacks of bills due to a small feeder tray, the counting speed of the machine is no longer a beneficial feature. Counting speed must be balanced against other factors.
Input Tray Size and Type
A properly sized feeder tray is important for speed because it makes the process more efficient. The process of counting cash will take less time if you have to pause the machine less often to add new cash to the feeder tray. The feeder tray may be located in different places depending on the feed mechanism of the machine, and some feeders can handle money that is less neatly stacked than others.
Q: Can I count coins with a bill counter?
A: No, our machines are designed for banknotes only . For coin counters, contact BVS for alternatives
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Batching or Totaling Functions
Some bill counters allow you to count batches of bills, which is useful if you need to manually circle bills to make your deposits. The machine automatically counts the bills and stops after counting a predetermined number of bills so you can remove the batch of bills before starting over. Other Currency Counter can continuously add up multiple batches of money that are deposited into the feeder and display the total at the end.
Detection of Errors and Counterfeit Notes
Using a bill counter is futile if the machine miscounts. A bill counter with an onboard error detection system reduces the risk of miscalculations due to folded or torn bills, multiple bills being fed at once, or bills that are the wrong size. Businesses that experience an unusually high volume of counterfeit bills, such as convenience stores and gas stations, may also need a counterfeit detection feature.
What is Dual CIS Detection?
Dual CIS (Contact Image Sensor) scans both sides of bills for micro-printing and security threads, used in the Magnifire 777
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Money Counters and Sorters of Different Denominations
In addition to the basic functions, some money counters can also count stacks of cash of different denominations accurately. This feature saves you the time that would otherwise be spent manually sorting money and eliminates miscalculations caused by a wrong denomination note sneaking into the stack. Some counters can sort stacks of cash of different denominations and group them according to the same denomination, either by counting the notes while sorting or by preparing the notes to be counted by another device.
Conclusion
A money counter can be of great use to many businesses by speeding up the process of counting notes while reducing calculation errors. With a wide range of features available, it is important to carefully analyze the needs of the business and select the right device to get the best return on investment.
How to Maximize Counting Speed?
Use the Magnifire 777 with auto-start mode and avoid overloading the input tray for 1,200 bills/minute
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