Coin Processing and Supply
Vaultex helps customers convert coins in their tills to a balance in their bank account quickly and accurately. Speed, accuracy and security are our watchwords. All the cash we receive is credited on the day it is received by our sites.
If you need a regular supply of coins to provide change for your customers, Vaultex is here to help. We facilitate swift distribution by your cash-in-transit provider – so you get the cash you need more quickly.
Vaultex provides an innovative coin extraction service for The Royal Mint.
Before January 2011, all 5p and 10p coins issued by The Royal Mint were made of cupro-nickel (75% copper, 25% nickel). Since then, the coin has been made of the much more cost-effective cheaper nickel-plated steel (95% steel, 5% nickel).
We created a bespoke process to extract and withdraw 65% of the 5p and 10p cupro-nickel coins from circulation over a three-year period, and replace them with nickel-plated equivalents. It’s a process that has saved the UK Treasury and Taxpayer over £25 million to date.
Sectors we work with
We supply notes and coin nationwide for large and small orders from stores or head office. We also process cash with pinpoint accuracy and help customers integrate intelligent till technology.
We work with our shareholder banks and other financial institutions. Notes and coin for branch counters can all be supplied quickly and to the highest quality.
Leisure and Hospitality
Whether you’re a pub, a hotel, a restaurant or any other leisure or hospitality venue, we can supply notes and coins according to your specific requirements.
We provide ATM fit notes for cash machines. In addition, we offer cassette packing and a managed service that looks after the process from beginning to end.
Partnering with The Royal Mint
An innovative coin extraction project for the Royal Mint that’s saving the taxpayer millions.Read more