Cash in Transit

Cash in Transit

 

SOT 161 has been providing transportation and guarding services of valuable assets for over 22 years now. The company owns a large number of armored vehicles most of which are Volkswagen Transporter Model T5 and T6. The vehicles have GPS positioning systems, reliable dual-channel connections and other technical and supporting facilities, cash compartments and special equipment made in Germany, with the highest sixth level of protection. Thus, the safety of cargo and transportation team is practically ensured.

The sites are served by 140 employees guarding valuables and cargo throughout the country. The activity is performed absolutely in strict compliance with the requirements of Ordinance 8121з-444/2016 of the Bulgarian National Bank on the organization and control over ensuring the safety of banks and non-bank financial institutions and Ordinance I-121/2004 of the Ministry of Interior on the procedure of arranging security during transportation of valuable assets and cargo.

The cash transferred under contracts must have insurance policy covering the money not only in transit, but also in the stay locations, pavement risk and specific risks during cargo handling operations. The policy will also include reimbursement of losses incurred by the employers in case of employees’ disloyal behavior.

In order to ensure required safety, the specialized vehicles are in constant connection with the company’s National Operations On-duty Center and the coordination center of Cash- in-Transit Department. Their travel route is being monitored through GPS systems for satellite positioning and navigation which enables quick response and assistance, if needed.

Besides the test-signals, signals for change in status of the cash in transit vehicles (CTV) are registered and processed in the on-duty centers’ computer networks, i.e. turning on/off the engine, different kinds of alarms, power failure signals or attempted interventions with the security alarm system, etc.

Using this technology, the company can have a direct view on all ongoing events of CTVs in real time. The technology has proven its efficiency and effectiveness in time of crisis.

SOT is able to provide cash-in-transit services upon request submitted 24 hours in advance for the following day or express order for the same day – within 2 hours after receipt of the request!

SOT 161 makes more than 30 000 cash collections per month

Since 2008 SOT EOOD has been providing a processing and keeping cash and valuables service. The Cash-in-Transit teams receive from clients the cash and valuables to be processed, transport them to a Counting/Cash Center at the company’s premises where they are processed and kept in a 24-hour vault.

In 2008 the first Counting/Cash Center of SOT EOOD started operating in Sofia. Consequently, three (3) more counting/cash centers were established as follows:

Sofia
Industrial Zone,
Gara Iskar, 2, 5004 Str.

Plovdiv
30, VasilAprilov Str.

Varna
16, Tri Ushi Str.

Burgas
45, Gen. Gurko Str.

Each center has its own vault.  They are equipped with NEWTON F and KISAN k-500 banknote sorting machines in accordance with Ordinance 18 of the Bulgarian National Bank for standards for identification and fitness, and with coin-counting machines. All of them underwent manufacturer and BNB tests under Ordinance 18 of the Bank according to the standards for identification and fitness.

Money designated as valuables by clients are being accepted, processed and counted in the Counting/Cash Centers and kept in the company’s vaults until the bank accounts provided by the client are credited with the amount of the counted money. Besides counting cash and crediting clients’ accounts, delivery of coins is also carried out upon prior request.

All operations related to acceptance, opening and counting the money in envelopes are monitored and controlled by high-resolution megapixel cameras and recorded with special DVR devices.

Each of the Counting/Cash Centers provides service to its the adjacent regional towns and municipalities.

The counting machines are operating in a network, with specifically developed software, and the information for the counted amounts is transferred immediately to clients. The center employees are also experienced in loading ATMs of commercial banks located both in bank offices and points of sale. 

The clients using the service include:

  • Bank institutions

SOT – Signalno-Ohranitelna Tehnika EOOD has entered into service agreements for safeguarding and transportation of valuable consignments and cargoes with: Raiffeisenbank (Bulgaria) EAD, MUNICIPAL BANK AD, Eurobank Bulgaria AD, Express Bank, UBB AD, Allianz Bank Bulgaria, Tokuda Bank AD, ProCredit Bank

  • Financial institutions

TAVEX EOOD, Crown Chain EOOD, Fast Play AD, S 999 EOOD, Rate 2000 EOOD, etc.

  • Government authorities and companies

Mint, Central Election Commission, Sofia Municipality, Sofia University St. Kliment Ohridski, Mutual Benefit Society at the Technical University – Sofia, Administrative Court – Sofia, Sofia City Court, National Assembly, etc.

  • Others

 SOT – Signalno-Ohranitelna Tehnika EOOD safeguards and transports valuable consignments and cargoes of big commercial stores across the country – AVANTI 777 EOOD, LIDL Bulgaria, McDonald’s Bulgaria EOOD, Mr. Bricolage, SAMEX EOOD, Sopharma AD, Deichmann – EOOD, Este Lauder Bulgaria EOOD, HANDY – TEL EOOD, PROMARKET OOD, Sting OOD, Kino Arena VT OOD, Forever Living Products Bulgaria EOOD, S&D Commercial OOD, Tendenz Group EOOD, Sodexo Pass Bulgaria EOOD, NIS Petrol EOOD, COME OOD, Global Net Solutions, NET 1 EOOD, Farmstore OOD, Medea OOD, CAM 2014 EOOD, etc.

Cash in Transit

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