My customers pay in cash, can I then deposit this money into my account?

My customers pay in cash, can I then deposit this money into my account?

As a business owner, do you regularly receive cash payments from your customers? If so, at the end of the day or week you may have a lot of cash in your cash register or business. What do you do with this cash? Well, you can deposit it (both euro coins and banknotes) very easily into your business account.

Here's how to pay cash into your business account

As often as you like, as a business owner, you can pay cash into your business account via a deposit at a KBC deposit ATM.

What about banknotes?

A KBC ATM accepts a maximum of 120 banknotes per deposit, but you can make several deposits one after the other. Your money is available in your business account instantly. Do you practice a liberal profession or do you receive a lot of cash on a professional basis? If so, you can use security folders. You bring them in during office hours or deposit them in the night safe-deposit box (not available everywhere). Ask about our terms and conditions at your KBC bank branch.

What about coins?

If you want to deposit your coins into your business account, you should bring them to your KBCbank branch during office hours. You can hand over any amount in cash to a KBC branch staff member. The maximum weight for coins when bringing them in is 10kg. It's best to save up your coins until you have collected several kilos, so you don't have to visit a branch every day. If you're interested in what this exactly entails, feel free to drop by your KBCbank branch. We'll be delighted to help.

Tip: If you want to limit the amount of cash in your business, a payment terminal is the perfect solution. We offer several payment terminals.

Find out about KBC payment terminals.

Frequently Asked Questions

1. Can I make a combined deposit of euro banknotes and coins and have it recorded as a single amount?

Not with a KBC ATM. You can deposit your banknotes at a KBC deposit ATM and hand over your coins separately to a KBC branch staff member. This way, the money is paid into your business account in two deposits. If you want both to be entered as one amount, you can use security folders. In these folders, you can hand over the banknotes and coins to a KBC branch staff member at the same time during branch opening hours. 

Tip: If you want to deposit or withdraw large sums of money in banknotes and/or coins, you can use secure transport of valuables by a company licensed for that purpose. This means that you no longer have to go to the branch and the transport is absolutely safe. In addition, the costs of secure transport of valuables are 120% tax-deductible for sole traders and SMEs that meet certain conditions. Ask your accountant if you are eligible for this extra tax relief. 

Need secure transport of valuables, but no idea where to find it? Call into your KBC branch. We'll happily put you in touch with a secure carrier.

2. Do I have to go to the bank myself or can I authorise someone else to do it for me?

You can authorise someone else to deposit cash into your business account. Simply make a one-off appointment with a KBC branch staff member.

3. Can I bring in foreign banknotes?

Not a problem. At every manned KBC branch, our KBC staff members accept foreign banknotes.

More information

Not enough cash in your cash register?

If you need more cash in your cash register, as a business owner you can also easily withdraw cash. Discover the possibilities and get started right away. You can request euro coins and banknotes online at KBC. You can also request foreign currency online.

Do your customers pay by card?

By giving your customers the opportunity to pay by card as well, you avoid being left with too much cash at the end of the week as a self-employed person. Don't yet have a payment terminal in your business? Quickly check out the different payment terminals we have on offer.

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