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Banco Santander
Pay in your business cash earnings directly from your store with immediate account availability and enhanced security — fixed monthly fee, no bank visits.
Cash Today by Banco Santander is a tailored cash management solution for businesses handling monthly cash volumes between €25,000 and €150,000. This service allows business owners to process cash deposits directly in-store, avoiding unnecessary bank visits. Notably, the deposited amounts reflect in your Banco Santander account immediately, helping improve liquidity and streamline operations.
Full service installation, maintenance, and support are included in the fixed monthly fee, which is contractually stable for five years. Multiple package options are available, from note-only and coin-only to combined machines, accommodating different business needs. This flexibility is particularly attractive for businesses needing regular cash transit and secure in-store cash handling.
How to Apply for Cash Today
Applying for the Cash Today service involves a simple, customer-focused process:
- Hold a Banco Santander business account.
- Request an installation assessment from Prosegur.
- Ensure your location meets the security requirements (alarm and secure area).
- Sign the rental or leasing agreement.
- The service is set up, including machine installation and staff training.
Key Pros of Cash Today
This service offers immediate availability of cash deposits, even on weekends and holidays, supporting smooth cash flows.
It enhances business security by reducing the risks of transporting cash and offering insurance for cash deposits validated by the machine.
Cons to Consider
The monthly fee, while fixed, may not suit businesses with highly fluctuating cash volumes or those who require fewer services.
Physical installation requires security measures and space, which might not be feasible for all business premises.
Final Verdict
Cash Today by Banco Santander is a solid, secure cash management solution for Spanish businesses with medium to high cash turnover. The immediate cash availability and comprehensive support deliver excellent value. Businesses prioritizing convenience and safety will find this offering particularly advantageous.
