Cash collector - profession, advantages and disadvantages, salaries around the world

A cash collector is an employee of a bank or specialized security organization responsible for transporting cash, securities, precious metals, and other valuables. Their job is to ensure safe transportation between banks, businesses, ATMs, and vaults. This job requires a high level of responsibility, discipline, and risk tolerance.

A person responsible for collecting cash proceeds and other valuables from organizations that are clients of the Bank.

Job Responsibilities
Delivers cash from the Bank to organizations. Delivers and collects cash and other valuables from Bank branches and cash desks outside the Bank's cash center. When performing their duties, cash collectors are required to: ensure the safety of others and other team members and the security of the valuables being transported; verify the correct execution of accompanying documents; adhere to the precise procedure for collecting and delivering valuables; Handle the issued firearms with care, use them in cases strictly defined by law and only in the event of an attack on the collection team, when other protective measures are impossible, at the end of the trip, hand over the weapon and personal protective equipment for safekeeping; comply with other requirements of the law. During the collection of cash proceeds and valuables, the collector: as part of a team, travels to organizations, branches or operational cash desks of the Bank (hereinafter referred to as organizations) to carry out collection in accordance with the routes and schedules of trips; before leaving to collect cash proceeds and valuables, accepts against signature in the register of issue and acceptance of meeting cards, seals, keys and powers of attorney: the collector-collector - power of attorney, meeting cards, seal of the collection site with the route number, the senior collector team member appointed by the head of the collection department - empty bags; In the organization, the collector-collector accepts the bag with valuables, checking the integrity of the packaging, the presence of whole and clear seal impressions, their compliance with the existing sample, the correctness of the completed documents; in a special vehicle, the senior team of collectors accepts the bag with valuables from the collector-collector in the above-mentioned order, returns to him the invoice, the access card and issues the empty bag to the next serviced organization. During the route, the bag with valuables is kept under the responsibility of the senior team of collectors in a safe, metal box or bag; at the end of the trip, the senior team of collectors hands over the accepted valuables to the Bank cashier. During the delivery of cash or other valuables to organizations: the senior team of collectors accepts from the Bank cashier bags with valuables, properly packed and sealed, provided with accompanying documents and hands over the bags with valuables to the cashier of the organization; transportation is carried out in a special vehicle by a team of collectors; When delivering cash or other valuables to the Bank's branches or cash desks as reinforcements, cash collectors inspect and package the valuables before delivery under the supervision of a cashier.

Medical Requirements
To work as a cash collector, you must undergo a medical examination. Basic Requirements:

Good vision and hearing

No chronic illnesses that interfere with working under stress

Normal blood pressure and cardiovascular stability

Physical endurance – can handle long shifts, wearing body armor and carrying a weapon

Psychological Requirements
Psychological stability is a key factor:

Stress tolerance: the job involves the risk of attacks and emergency situations

Ability to make quick decisions

High level of self-control

Ability to work in a team and maintain subordination

No tendency toward aggression or panic

Education and Qualification Requirements
Formal higher education is not required, but the following is desirable:

Secondary specialized education (economics, security, law)

Security guard certifications (license to carry weapons)

Completion of courses in tactics, security, and first aid

Knowledge of the basics of financial reporting and document management

Secondary Education and at least 5 years of work experience in commercial organizations. Cash collectors must pass a background check with the Ministry of Internal Affairs and complete specialized security guard training under a program approved by the Ministry of Internal Affairs.

Average salaries worldwide (in US dollars)
Country Average monthly cash collector salary
USA $3,000–$4,500
China $1,000–$1,800
Russia $600–$1,200
Ukraine $500–$800
India $300–$600
South Africa $700–$1,200
Egypt $400–$700
Israel $2,000–$3,000

Salary depends on region, risk level, experience, and whether the organization is public or private.

Occupational Diseases
Cash collectors are exposed to the following risks:

Chronic stress and anxiety disorders

Sleep disorders

Musculoskeletal disorders (due to wearing body armor and carrying heavy bags)

Cardiovascular diseases

Psychological

Burnout

Related professions
Security guard

Security officer

Cash collection center employee

Special vehicle driver

Teller

Cashier

Bank cash handler