agabusta:


Must you wait for the cash to be above cashless limit before you take it to the bank?

You can be evacuating the cash from time to time. And recall that the limit for corporate organizations is even 2 or 3m. Either of them, not sure. Must you then wait for the cash to be above 2m before taking it to the bank?

It's quite obvious you've never ran a business in your life, you probably still enjoy mama's hospitality. Guess what, you don't go to the bank to make such deposit. A bank courier picks up the cash from your business in whatever guise. And how many times can a courier pick up cash from your outlet in a day?

Dude, kindly speak on subjects you're conversant with, this topic is beyond you and I'm saying this with good intention.

Mathemagician1:


It's quite obvious you've never ran a business in your life, you probably still enjoy mama's hospitality. Guess what, you don't go to the bank to make such deposit. A bank courier picks up the cash from your business in whatever guise. And how many times can a courier pick up cash from your outlet in a day?

Dude, kindly speak on subjects you're conversant with, this topic is beyond you and I'm saying this with good intention.

You are very silly. Do you think everyone on nairaland is a kid?
Because it's a faceless forum does not mean you should not exercise docorum. And for your information, I have worked in a bank before and cash pick up for customers is not automatic, it depends on a lot factors. A lot of companies makes cash deposits by themselves.

Do u even have an idea of the number of corporate accounts a single branch manages. Where do u think they will have the human resources to be going for cash pick up for majority of them.

Either way you see it, the cashless policy has come to stay and it has its merits and demerits, I also make bold to say it's merits on a long term outweighs it's demerits especially given the peculiar corruption circumstances of Nigeria.