---
title: "PRESS RELEASE: Cash Depot Launches BANK IN A BOX"
description: Cash Depot launches new technology that provides convenient, affordable cash solutions for retailers and their customers.
image: https://news.cdlatm.com/hubfs/August-Blog1-Header.jpg
---

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# PRESS RELEASE: Cash Depot Launches BANK IN A BOX

 10 August 2023

[retailers](https://news.cdlatm.com/news-and-updates/tag/retailers), [ATMs](https://news.cdlatm.com/news-and-updates/tag/atms), [Profit](https://news.cdlatm.com/news-and-updates/tag/profit), [Foot Traffic](https://news.cdlatm.com/news-and-updates/tag/foot-traffic), [Convenience](https://news.cdlatm.com/news-and-updates/tag/convenience), [cash](https://news.cdlatm.com/news-and-updates/tag/cash), [new hire](https://news.cdlatm.com/news-and-updates/tag/new-hire), [press release](https://news.cdlatm.com/news-and-updates/tag/press-release)

 

*Announcing the future of retail cash management & consumer financial services - BANK IN A BOX. New technology combines reliable equipment with proprietary back-end functionality to provide convenient, affordable cash solutions for retailers and their customers.*

![both-bankinabox-machines](https://news.cdlatm.com/hs-fs/hubfs/both-bankinabox-machines.png?width=300&height=313&name=both-bankinabox-machines.png)Cash Depot Ltd. (Cash Depot) announces the official launch of its new cash management, ATM, and consumer financial services system, **BANK** IN A BOX. The technology is designed to provide a versatile cash solution for progressive retailers with unbanked and underbanked consumers by combining smart safe, cash recycler, ATM, and financial services kiosk into one powerful machine.

“**BANK** IN A BOX is a new take on retail ATMs and cash handling,” said Sean Burke, CEO for Cash Depot. “It essentially turns what would usually be a cost center into a profit builder and customer destination.”

The **BANK** IN A BOX system leverages an innovative and custom-built technology stack on top of the latest in cash and ATM equipment to provide a unique all-in-one solution for retail locations. The cash functionality includes, but is not limited to:

- Start of shift register funds
- Split bills & pull change
- Unlimited deposits for intra-day and end-of-shift
- Real-time, customizable reporting
- Complete, back-end permissions control in the proprietary BANK IN A BOX portal

[![29% of In-Person Payments are Made with Cash. Here's a Better Way to Manage Cash - And Make More $$.](https://no-cache.hubspot.com/cta/default/23335140/c18a8b1e-c63c-47f3-b670-a92af8e0daf2.png)](https://cta-redirect.hubspot.com/cta/redirect/23335140/c18a8b1e-c63c-47f3-b670-a92af8e0daf2)

In addition to robust store cash management, the standard **BANK** IN A BOX application stack includes ATM functionality, multi-denominational transactions, and bank deposits for account holders of participating financial institutions. Many additional revenue-generating applications are in development or already available upon request.

“There are far-reaching benefits and opportunities provided to us and our retail partners by solving a consumer need with **BANK** IN A BOX,” said Tony Gaines, CRO for Cash Depot, “and we are excited to bring this truly disruptive technology to market.”

Discover how BANK IN A BOX can benefit your retail business by [clicking here](https://news.cdlatm.com/bank-in-a-box-launch-press-release) or [contact us](https://news.cdlatm.com/bank-in-a-box-launch-press-release-contact-us) for more information and a free evaluation.

### Related Post

[![The hidden costs of retail cash management can be scary.](https://news.cdlatm.com/hs-fs/hubfs/Snuff%20out%20hidden%20fees%20Blog%20header%201.png?width=352&name=Snuff%20out%20hidden%20fees%20Blog%20header%201.png)](https://news.cdlatm.com/news-and-updates/retailer-guide-to-tackling-hidden-fees-in-cash-management)

##### [The Retailer's Guide to Tackling Hidden Fees in Cash Management](https://news.cdlatm.com/news-and-updates/retailer-guide-to-tackling-hidden-fees-in-cash-management)

Cash remains a preferred payment choice for consumers making in-person payments, according to the [...](chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https:/www.frbservices.org/binaries/content/assets/crsocms/news/research/2024-diary-of-consumer-payment-choice.pdf)

[![](https://news.cdlatm.com/hs-fs/hubfs/Folk%20Oil%20Case%20Study%20Blog%20Header.png?width=352&name=Folk%20Oil%20Case%20Study%20Blog%20Header.png)](https://news.cdlatm.com/news-and-updates/folk-oil-finds-a-winning-cash-management-solution-with-bank-in-a-box)

##### [Folk Oil finds a winning cash management solution with BANK IN A BOX](https://news.cdlatm.com/news-and-updates/folk-oil-finds-a-winning-cash-management-solution-with-bank-in-a-box)

Michigan-based Folk Oil Company, Inc. was seeking a more efficient way to manage its store cash....

[![Here are 4 main steps to performing a retail cash management cost analysis.](https://news.cdlatm.com/hs-fs/hubfs/how-to-perform-a-retail-cash-management-analysis-2024.jpg?width=352&name=how-to-perform-a-retail-cash-management-analysis-2024.jpg)](https://news.cdlatm.com/news-and-updates/how-to-perform-a-retail-cash-management-analysis)

##### [4 Steps to Performing a Cash Management Cost Analysis](https://news.cdlatm.com/news-and-updates/how-to-perform-a-retail-cash-management-analysis)

Are you tired of surprise bank fees, service fees, and overpaying for cash management? You’re not...

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