I posted a question yesterday that may have seemed more complicated than what it is. How do you determine a cash limit for a branch? Do you have a formula? Software? Or wing it?
I would appreciate any suggestions. Thanks

I have never seen a formula for determining this, but have heard of companies that specialize in analyzing this. It is a difficult question, as each branch has different needs. While the cash balance at the branch may seem adequate, it may not be in the needed denominations. Many branches take in, for example, mostly large bills, but their customers want small bills back. They end up selling to the main bank and buying other denominations that they need. The best way to determine this is to look at historical records. Make the operations manager at the branch responsible for keeping vault cash as low as possible. When you end up making extra cash runs frequently, they do not have enough cash (or correct denominations) on hand. Seasonal issues also affect this, such as tax time, Christmas, etc. While I wouldn't say to wing it, I would suggest an "educated guess". Hope this helps some.

Our banking centers use a progam called CETO Cash Management, that creates records, analyzes trends and creates projection of normal cash needs and high volume cash needs (holidays, etc) - not sure how beneficial it is as I haven't been on the banking center side but you might google them and check it out. If you can't find them, PM me and I'll see if I can find a web site for the product.