What is a Money Counter

A money counter as the name suggests counts money and can refer to banknotes or banknotes and coins. A money counter used just for banknotes is usually a friction type counter which accepts the notes at the top of the machine and passes the notes through the mechanism, counting the notes as they pass. These type of friction counters can usually count any currency and have the added advantage of counterfeit detection processes used whilst counting.

Moneycounters are also available for both coins and banknotes in one unit, these are count by weight machines. Some popular versions of coin and banknote scales are the COU6155 and the Tellermate TD. They are very precise electronic scales which use a patented mathematic calculation to accurately display the quantity of notes or coins placed onto their hoppers on an LCD screen. The software of these units can be tailored to suit individual needs including the option to count foreign currencies and an automated process which can reconcile the contents of a till drawer in around 2 minutes.

What are the advantages of using a Money Counter?

Money counters are widely used by banks,retailers,charities and lots of other organisations large and small. Why do businesses use money counters? The great advantage of money counters is the time it saves. A friction type banknote counter can process between 1000-1500 notes per minutes and a count by weight money counter can count the entire contents of a till in under 2 minutes. Another major advantage is accuracy, counting by hand is prone to error, money counting machines never make mistakes.