Remote Safe Deposit
Deposit and store large volumes of cash, spend less time preparing deposits, and help reduce risk by taking employees out of the depositing process.
Why choose Remote Safe Deposit?
Does your organization receive large volumes of cash deposits on a regular basis? Are you looking to spend less time preparing deposits? Are you concerned that your cash is not securely stored and transported?
If so, M&T's Remote Safe Deposit service using smart safe technology may be exactly what you need.,
How It Works
- Contract with M&T Bank's preferred armored courier services vendor. We will facilitate the interaction between you and the courier, and they will install their smart safe at your business location(s)
- Deposit cash into the safe throughout the day and receive validated bill denominations to reduce counterfeit risk
- Count on safe pickup of your cash and physical verification of the deposits according to your chosen pickup schedule with your armored courier service. For qualified customers with the advanced funds option, same-day credit will be posted to your account for deposits with an end-of-day cutoff prior to 7pm ET (excluding weekends and holidays)
Improve loss prevention.
Minimize the risk of internal or external theft.
Improve employee efficiency.
Reduce deposit preparation time and allow employees more time to focus on primary job responsibilities.
Reduce counterfeit risk.
Smart safes are equipped with bill validators to authenticate valid currency.
Improve cash flow.
Qualified customers can elect to receive advance credit for faster availability on deposits.
Streamline deposit reporting.
Access location deposit information with M&T 's Treasury Center or through BAI transmission.
Get started today.
To learn more, or to set up our Remote Safe Deposit services, please call 1-800-724-2240 to speak to one of our experienced Commercial Service Team Representatives, Monday–Friday 8am–6pm ET, or contact your dedicated M&T Relationship Manager.