Cash in transit cost calculator template | Loop


December 19, 2022·2min read

Cash-in-transit (CIT) services are essential to modern business operations, ensuring the secure transportation of cash and valuable assets. However, one main question still remains when dealing with cash in transit services: “How much does cash in transit cost?”

The answer isn’t as straightforward as you might think. Factors such as distance, frequency of service, amount of cash, mode of transport, security measures, and insurance coverage all influence the cost and effectiveness of CIT services. By understanding these factors and utilizing our cash-in-transit cost calculator template, businesses can make informed decisions to streamline their cash management, enhance security, and maintain operational efficiency.


Factors that can impact the cost of cash in transit services

1. Distance: The farther the destination, the higher the cost of the service.

2. Frequency of service: The more frequent the service, the higher the cost.

3. Amount of cash: The larger the amount of cash being transported, the higher the cost.

4. Mode of transport: The cost may vary depending on whether the cash is being transported by vehicle, airplane, or other means.

5. Security measures: The cost may be higher if additional security measures are required, such as armed guards or secure transport vehicles.

6. Insurance: The cost may include insurance to cover the cash in case of loss or theft.


Here is a sample template that you can use to calculate the cost of cash in transit services:

Step 1: Determine the distance of the transport.

Step 2: Determine the frequency of the service (e.g. daily, weekly, monthly).

Step 3: Determine the amount of cash being transported.

Step 4: Determine the mode of transport (e.g. large vehicle, small vehicle, motorbike).

Step 5: Determine any additional security measures that may be required (e.g. armed guards).

Step 6: Determine the cost of insurance to cover the cash in case of loss or theft.

Step 7: Calculate the total cash in transit cost by adding up all of the above factors.


Enter your email below to use our Cash-in-transit cost calculator template and find out your cost for CIT services


Looking for comprehensive asset tracking management and cash in transit solutions? Take a look at our range of cash collections and CIT services.


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