Feelteck Develop Money Counter Bank by Own Team
Feelteck is a professional manufacturer of money counter bank for more than 10 years. We are well-equipped with modern technology and state-of-the-art facilities. We also employed more than 18 technical engineers who are in charge of developing high-tech PCB, software, electronics, and hardware for your money counter bank.Feelteck offers a one-stop solution to all your needs. We export high-quality money counter bank to more than 80 countries around the world. Aside from that, all our money counter banks are 100% tested to different currencies to suit your needs.
1 + 1 pockets, Mixed money counter with reject pocket, counting continues no stop .
1 + 1 pockets, Mixed money counter with reject pocket, counting continues no stop .
Helps in saving time and counting error. Supports mixed denominations value count.
Feelteck – Your Premier Manufacturer of Money Counter Bank in China
Feelteck has been a trusted manufacturer of money counter bank in China for more than 10 years. We are a certified manufacturer of the highest quality money counter bank. We supply products to more than 80 countries around the world. Thus, wherever you are in the world, we can still reach you to give a one-stop solution to your money counter bank needs.
At Feelteck, we offer all types and models of bank money counter. We manufacture a bank money counter for counting both bills and coins. All our money bank counters are manufactured using superior grade raw materials to ensure that we provide you durable, excellent quality, and long-lasting bank money counter.
Additionally, Feelteck offers you an unmatched OEM service. We can custom-made your money counter banks according to your detailed specifications. Just send us your details so we can work with it. Here in Feelteck, we make your ideal bank money counter.
Feelteck money counter banks are manufactured with high-capacity. These are equipped with a pocket-like structure to place your uncounted bills. Aside from that, our bank money counters are produced with high-accuracy and fast counting speed that are very necessary especially for businesses that deal with a large amount of cash.
These are also manufactured with multi-currency features for dealing with international customers. Our money counter bank also features modern imaging software and CIS to integrate mixed denomination value count.
Most importantly, Feelteck money counter banks are manufactured with advanced counterfeit detection. Thus, you can assure that your bank money counters are excellent in determining fake money.
Feelteck is a trusted manufacturer of money counter banks. We are committed to giving high-functional and competitive prices. We also offer perfect services that you can count on. For your bank money counter needs, Feelteck is surely reliable!
Aside from money counter banks, we also manufacture money counter machines, money counter, and counterfeit detector, mixed money counter, pocket money counter, portable money counter, electric money counter, commercial money counter, and more.
Enquire now for your next bank money counter orders!
What To Know About Money Counter Bank
Banks are one of the major establishments that use money counters. The primary function of banks is to secure money deposited by the common public. Therefore, they require to be as efficient as possible to serve the needs of their customers. Banks that deal with large sums of money require the necessary technology to keep up with the work. Money counters were designed mainly to serve banks, one of the most prominent players in the money market. Also, banks deal with people’s finances; hence they need to be accurate to avoid errors.
Counting money by hand can be a time-consuming, tedious, and potentially costly process. There are many types of money counting machines, including banknote counters, coin counters, and mixed money counters. The machines pull in the money, count the amount inserted, and provide you with the correct cash value in the stack. Due to their accuracy, money counters are the best solution for banks to handle their customers’ money.
What are the types of money counters available?
There are various types of money counting machines that serve the banks. Money counters come in two choices, bank-grade or business-grade. Business-grade cash counters are designed to keep up with the business environment. The manufacturers make them handle continuous use in the retail or office space. On the other hand, bank-grade money counters are manufactured to tackle a large volume of work. The machine can handle continuous operation around the clock. Banks would be more suited to use a bank-grade cash counting machine.
Also, money counting machines may be back-loading or front-loading. The back-loading type of cash counter involved inserting the money from the backside of the counting machine. Front-loading versions require the operator to insert the cash into the hopper from the top side. Back-loading models are considered less costly but need the operator to stack the money carefully to avoid jamming. However, front-loading machine models are more expensive, but they facilitate fast and easy cash loading into the counter. Also, it minimizes the possibility of the machine jamming since it can take in more money while still counting.
Top-Loading Money Counter.
Back-Loading Money Counter.
Additionally, money counters can either be single-pocket or dual-pocket. The two machines are different in that the dual-pocket model has a reject opening. Money counting machines with one pocket stops the operation in the event of an error. For example, if the machine detects a counterfeit banknote, it will stop running for the operator to remove it. However, dual-pocket money counters continue their operation even after detecting counterfeit money. The machine ejects the fake cash through the second pocket.
Dual-Pocket Money Counter.
Single-Pocket Money Counter.
How do money counters work?
Money counters work by inserting money into the hopper, which is the loading compartment. The machine pulls in the banknotes one by one through a mechanical transport system such as a roller, endless conveyor belts, pivoting gates, diverter, and idler pulleys. Cash counters have powerful optical sensors that enable them to scan the notes’ physical, visual, and chemical features. Such properties include numbers and characters, length, width, colors, and security features. The symbols and watermarks that safeguard the uniqueness of an authentic currency are referred to as security features. They include infrared, ultraviolet, or magnetic properties and security thread.
Most modern money counting machines use a light mechanism to examine money. The machine lights a beam of light, illuminating the cash from the bottom side as it passes through the counter. Sensors on top of the money counter detect the details and determine the amount and denomination of the money. It records each banknote that goes through. Rollers pull the banknotes through the light beam, and the cash counters tally the total counts. The mechanism enables a cash counter to determine the amount of money at fast speeds with about 100 percent accuracy. The machine also scans the note to determine the orientation.
Some advanced models can identify the denomination and currency of the banknote by scanning the symbols and watermarks. In addition to determining the denomination, it can also show the number of banknotes with each denomination. As a result, it helps saves the time and effort required to sort the cash into respective denominations. Some machines may have color image sensors that can indicate the currency and value by comparing to saved records in the money counter. Some models are manufactured to be able to detect counterfeit money. With the increasing advancement of technology, a lot of counterfeits keep emerging in the market. Banks require money counters that can reliably identify fake money.
How do money counting machines identify and authenticate money?
Money counters are manufactured with different clients in mind. However, the majority of the market is contributed by banks. Therefore, most cash counting machines have counterfeit detection features. Also, these machines need a system to recognize the denomination, value, and currency of money. In some instances, money counters can determine the orientation of cash as inserted into the device. These detection mechanisms include magnetic detection, infrared detection, and ultraviolet detection. These features take advantage of the unique design of cash by different countries.
About every nation prints their currency using iron-rich ink, which enables them to react to magnetic fields. Some machine poses a magnetic field that causes the banknotes to give off a certain magnetic-signatures. Specific magnetic signatures for certain currencies or denominations save in the machine’s database are used for matching. If the signature of a note is similar to one of the stored records, the device indicates its identity. Magnetic detection can also help identify old banknotes that need replacing. The iron powder present in the printing ink fades away with time. Old notes, therefore, can be mistaken for counterfeit money. Old banknotes will emit a low to no magnetic signature, while new ones will produce the expected signature value.
Additionally, some money counting machines use ultraviolet rays to identify the value, currency, or denomination. The feature also facilitates counterfeit detection. Ultraviolet works with ultraviolet-sensitive ink. Ultraviolet detection is also referred to as backlight detection. The method also enables the machine to determine the orientation of the banknote by exposing certain symbols and watermarks. The sensors scan the money after the beam of light illuminates and reveals the unique markings. Blacklight detections are the most widely used mechanism in money counters. The fact that commercially found printing paper does not have any reflective elements makes the method practical. Blacklight makes the banknotes fluorescent and reveals the marks and symbols.
The infrared detection feature applies the use of infrared light. It might be the most accurate and efficient method of authenticating money. The technique works only on banknotes that are printed with infrared-sensitive ink. The infrared detection mechanism is commonly used in the US, UK, Canada, and several western countries. Advanced color image sensors (CIS) determine the currency, denomination, and value of every banknote that passes through the machine. In the case of coins, banks may use coin money counters that have magnetic detection features. Considering coins are made of metal, exposing them to a magnetic field makes them emit a signature that reveals their denomination. Coins are manufactured using different metal compounds whose magnetic signatures are recorded and saved in the counting machine.
The history of money counters
In the past, money counting machines did not exist, and people had to count money manually. Banks would hire tellers to handle all the counting and sorting. The tellers had to learn to distinguish the various denominations and also detect counterfeits. They also had to master having quick fingers to keep up with the task at hand. During the 1920s came forth the introduction of Federal bill counter machines. These machines mechanized the banking industry. However, the device only could tally the number of bills which required the teller to sort them beforehand. Although, the machine immensely helped the banks keep up with rising money volumes circulating in the economy.
Another banker based in China was named Zhi Tian Sie advanced the money counter by computerizing it. Resultantly, they came up with the REI-High-Speed money counting machine. The invention of the REI revolutionized the banking industry and brought about the era of automated money counting. The device became the base idea for the design of cash counters to come.
Searching for a Money Counter? Consider the following factors.
Certain factors make a money counter suitable for a specific business. Banks require special money counters that can keep up with the workload. Bank-grade money counters are specifically manufactured to handle the functions of a bank adequately. They are designed to have enough speed and capacity that suits the bank’s goals. Therefore, the speed of the cash counting machine is very vital. Banks deal with large amounts of money and several customers throughout the day. The counting machines should be able to serve their purpose efficiently. It should also handle the task accurately while maintaining a super-fast speed.
The capacity of the money counting machine also determines the work that it can handle at a time. Banks are usually busy and may run throughout the day. The money counter should have an adequate hopper capacity to allow the machine to count more money during a given time. The hopper capacity determines the ability of the device. A hopper is a slot where one inserts the cash into the money counter. The ideal money counter for a bank should have an enormous capacity.
It is also vital to make a consideration of the cost of the machine. Depending on the requirements for the suitable money counter, one should keep their price range in mind. Banks require highly advanced models of cash counting machines. Most banks handle various currencies, and therefore, they should use multi-currency money counters. Some cash counters can detect mixed denominations of particular currencies. It should also be able to identify the value of different currencies. It is also essential for the currency counter to deal with mixed values. Employers will not need to presort the banknotes since a mixed money counter can detect the denomination automatically.
Counterfeit detection is also essential for a money counter suitable for use in the bank. Banks handle a lot of cash daily, and the machine’s ability to detect counterfeits will save it from losses. It should also have a notification feature that activates when the money counter finds a counterfeit. The cash counter should also detect damaged or aged banknotes that are not fit for circulation. Money counters should also be easy to use. The easier the machine is, the faster it is to operate. Also, it is simpler to train new employees, which saves valuable time.
The size of the money counter also matters. A large machine would be suitable for an adequately ample workspace. It should also match the capacity of workload it is expected to handle. However, a small office space will require a smaller cash counter which will not cause congestion. For example, banks require a money counter with a large capacity. Therefore, increasing the size of the machine will raise the total amount of cash that it can count at a go. Although the working area is small, it would force the bank to use a smaller machine. In such situations, a fast machine would suit the bank better to compensate for the lowered capacity.
Some money counters are designed to do sensitive tasks. Therefore, it is advisable to check for special features such as sensors and magnetic detectors. For instance, A money counter with color image sensors can identify the denomination of a particular currency. Also, through magnetic detection, banks can replace worn-out banknotes by determining whether the iron powder in ink is completely worn out. However, unique properties lead to a higher cost for the machine. It is more suitable to gauge which counting machines are most suited to complete the scheduled tasks. The money counter should be easy to use and maintain. It should have opening compartments that can allow someone to get in and fix any problems.
For example, if a banknote jams the machine, it should be easy to open up the device and remove it. Also, one should provide the operating manual to the employees to guide them in running the machine properly. An easy-to-use money counter helps save time, especially in training and instructing new employees. A screen display would also make the cash counting easier to use. The screen visually shows counting by indicating the number of banknotes, denomination, or value of the money counted. Also, touchscreen features or straightforward buttons would determine the level of usability of the money counting machine.
The most common and basic type of screen display is an LED. The display is not detailed, such as a calculator screen display which uses seven dashes to form numerical values. Some versions use an LCD screen type display which has more complexity compared to the LED screen. The LCD is more detailed because it has a well-backlit liquid crystal display. As a result, the LCD is much easier to read and operate. Some advanced designs of money counters can be connected to an external printer or computer, allowing someone to develop reports. These reports can be beneficial in record keeping and solving any errors or mistakes.
What are the benefits of a money counter?
Cash counting machines offer a great deal of help in counting vast sums of money. It would have been an extremely time-consuming, tedious, and relatively costly process to count cash by hand. Money counters are a simple way to ensure accuracy and speed when handling cash in any establishment. It also eliminates the possibility of error which helps save time and resources.
The main benefit of money counters is that they are accurate. Money counting machines help to avoid any mistakes in counting that may result in loss. The accuracy also gives the business, especially banks, confidence to deal without a doubt. Human beings are susceptible to making mistakes, as is it human to err. Also, money counters save unnecessary costs that may occur due to some errors. Money counting machines also save time. The fastest counting fingers cannot keep up with the speed and efficiency of a money counter. With some machines being automated, no human can work as fast.
Money counters help save human resource expenses. Due to the speed and efficiency of cash counting machines, banks may deal with only the required employees. The money counter machines help reduce the workload hence lowering the needed human resources. Also, money counters help keep one’s hands clean. Money moves from hand to hand therefore known to be dirty. Taking advantage of the cash counters would prevent the employees from coming into contact with germs.
Challenges facing coin counters
Technological advancements and innovations are bringing up new methods of transferring money. Earlier on, one could only deal with money in the physical form. However, it is now possible to send, transact or deposit the funds to purchase an item using your computer or mobile phone. Electronic money transfer is slowly overtaking the new trend of handling money. Handling money is prone to particular risks such as theft or misplacing the cash. Digital management of money seems more secure and convenient. Banks also enable direct cash withdrawals, deposits, and transfer through electronic means. The world is moving towards the use of secure intangible means of managing money.
As a result, it is getting less necessary to physically visit the bank every time you need to make a transaction. Credit cards also build popularity with time since they are secure and convenient in handling one’s money. Additionally, new online cash transaction platforms like Paypal are emerging with time. As a result, they continue to eliminate the need for usual ways of handling money transfers. Besides, people consider searching for loose change quite tiresome and annoying. Such matters divert people’s preferences towards new convenient means of sending money through electronic means. The trend is more cashless transactions.
How can money counters be used efficiently and effectively?
The primary purpose of money counters is to raise the accuracy of managing money through accurate counting. Manual handling of money is prone to sloppy counting, accounting errors, and missing money, especially if counting has errors. Money counters and sorters eliminate the chance of such errors occurring since they work accurately and efficiently. One way of effectively counting cash is through outlining how the money counting machine operators should run it. For example, bank tellers may be instructed to count the money after a particular process. Such guidelines help make the counting process more organized and hence preventing any possible errors.
Additionally, automated counting such as an automatic start and end process would be suitable for big businesses like banks. In certain situations, currency counters may be connected to currency recyclers which monitor the money that goes in and out of the money counter machine. Some may contain counterfeit detection features and the ability to discriminate worn-out or damaged banknotes. Counting money helps facilitate an organized deposit and storage system for organizations such as banks. This because cash is arranged in easily manageable bundles that make accounting even more efficient. However, the operator needs to be well trained and informed on using the money counter to ensure that the whole process is monitored carefully. Also, the operator should solve simple problems such as jamming and identify errors in the counting process.
Cash counting machines have a wide variety of applications in the money industry. With the advancement of technology and the economy, money counter machines play an essential role in streamlining money management. Time is money, and every business should strive to maximize their time. Before considering the best choice for a money counter machine, it is essential to pick the one that most suits the function of the business. However, not every business needs a money counter, while some cannot operate efficiently without one, such as banks. A proper cash counter machine should be fast, durable, easy to use, and reliable. Undoubtedly, money counters eliminate some common money-related headaches while saving costs, time, and human resources.