Friday, November 18, 2011

Traveling Bank Tellers

Small business owners need to go to the bank to deposit checks and get money. However, it can take a lot of valuable time to do that.

What if a bank sent one of its employees around the town to visit all the small businesses that bank with them? That bank employee would show up at their business on certain days at certain times and process basic transactions like deposits and make withdrawls. With advance notice, they could do more sophisticated things like cashier's checks.

The traveling bank teller would want to carry a lot of cash, but there would be the risk of theft. Therefore, they could hire another person to ride along ("riding shotgun") to help guard the money. Or, they could have an emergency button that notifies the police (similar to an alarm burglar system).

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