What is Cash-in-Transit Vehicle?

Cash-in-transit (CIT) is a term particularly used for transporting coins, banknotes, cash and other valuable items from one place to another. This specific way of transportation is also known as Cash/valuables-in-transit (CVIT) and is mainly used by banks. For this transportation system, a special type of vehicle is used called as Cash-in-transit vehicle. 

What is Cash-in-Transit Vehicle?

Cash-in-transit vehicle is one of the armoured vehicles used for transporting valuable items from one destination to another. Transportation of cash and coins from financial companies to another retailers or branches is carried out with the help of such means of transport. This system is used mainly by the banks for transferring cash from one branch to another, ATMs and to other retailers. The whole body of vehicle is bullet proof and sheltered from sun heat.

A Few Names of Cit Vehicles

Traditional Route Trucks
Cutaway Y-Vans
Cargo Vans
FLED Trucks

The interior and exterior of these vehicles are equipped with state-of-the-art technologies and are 100% secure and safe. Brinks, G4S, Loomis, Prosegur and Garda are the world famous companies that manufacture such types of vehicles. 60% of the large-scale CIT market is captured by these five companies.

Advantages of Using Cit Vehicle

Transporting your valuable things like cash and other jewellery items from one area to another area by means of this vehicle is 100% safe from robbers and other criminals. It allows less exposure of your valuable items to the thefts. Risk management is less and it is the best vehicle for secure transportation.

Whether the business is carried out in day or night time, transferring of things with the help of this means of transport allows greater peace of mind. No need to worry because transfer is carried out with full security and by making use of secure and high-tech systems. Cash or valuable things will be dispatched to your employees or customers without any problems.

 

Besides from being safe and secure, it also helps directly or indirectly in increasing the business productivity. It allows timely delivery of cash to the customers and other retailers. In banking sector, it gives innumerable advantages in depositing and transferring cash from one branch to another branch and to ATMs with full security.

Other benefits of CIT vehicle are cost savings, improved customer service, minimise the risk of management, safe from mishandling, secure from other strange conditions, get better security service for customers as well as employees, easy and steady operation of the business, complete protection and fast processing of the company.

There are number of companies who provide CIT services with proper security and safety measures. Companies who provide service for such vehicle are verified by CIT laws and approved via the national, regional, local legislation and other related authorities. Police, the Ministry of Justice and the Ministry of the Interior are the key authorities involved in the regulation of such services. For such service several procedures is required for the legislation and regulations such as types of vehicles, use of firearms and maximum & minimum number of crew members.

Author Bio:-

Paul Westdyk is the author of this article written on armored vehicle. To get more information about Cash-in-transit vehicle, click here.