Smart Safe definition

Smart Safe means equipment with related software and accessories installed by Bank’s approved provider pursuant to an agreement with Customer, which equipment is installed in Customer’s locations and which equipment counts, records and reports the currency deposited into and accepted by it.
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Smart Safe means an intelligent safe (and related and delivered by your armored courier to the appropriate vault location software and accessories) that can count, record and electronically in accordance with the terms and conditions for the cash vault service. report the currency accepted into it and that is compatible with the SSDDP service. 5.
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Examples of Smart Safe in a sentence

  • Bank shall not be liable as an insurer of the Property, including Depository Bags and Smart Safe Cassettes.

  • Customer may not remove currency from the Smart Safe once it has been inserted.

  • All Items properly received by Bank in a Depository Bag or Smart Safe Cassettes accepted by Bank will be processed for deposit to the designated Account through normal banking procedures and will generally be credited to the Account on the next business day if delivered before the Bank’s deadline on any Banking Day.

  • Customer acknowledges that provisional credit may only be available for those currency deposits communicated to Bank by the Smart Safe Vendor even if such deposits are inserted by Customer prior to the applicable deadline.

  • If Customer is using the Bank's Virtual Vault Service, then any required adjustments to the amounts provisionally credited to Customer’s account based on Virtual Vault Reports will be made following Bank’s receipt of the applicable Depository Bag or Smart Safe Cassette in accordance with the procedures set forth above.

  • Bank’s Virtual Vault Service allows Customer to deposit United States currency into a Smart Safe which tallies the amount of currency deposited.

  • Customer’s Smart Safe is electronically polled at agreed upon intervals to capture deposits.

  • In order to utilize the Virtual Vault Service Customer is required to contract with a third party service provider approved by Bank (the "Virtual Vault Vendor") for the purchase/ lease and installation of the Smart Safe.

  • Bank shall have the right to inspect all Depository Bags and Smart Safe Cassettes for tampering, and may refuse to accept the same for any reason.

  • Currency will only be removed from the Smart Safe under dual control by Customer and Customer’s Courier using the PIN and Keys provided by the Virtual Vault Vendor and shall be delivered by the Customer’s Courier in either sealed cassettes removed from the Smart Safe (“Smart Safe Cassettes”) or in tamper-resistant Depository Bags to the Bank’s designated vault location for verification purposes.