What is the standard number of bills in bands of $1s and $2s at banks?
I have a question related to developing a POS system for my company. We’re designing a screen where users can input the amount of each bill in their cash drawer (100s, 50s, 20s, 10s, 5s, 2s, 1s), as well as the number of bands containing $1s and $2s. The challenge we’re facing is determining the typical number of bills in each $1 and $2 band.
I’ve heard it might be 50 bills per band, but I can’t confirm this. For instance, if a restaurant requests 2 bands of $1s and 2 bands of $2s from the bank, how many bills would typically be in each band? Also, is there a reason to request bands of $2s, or is this uncommon?
The standard practice I learned is to multiply any denomination by 100 to determine the number of bills in a standard band.
It’s typical to store $1 bills in both 100 and 50 straps. If feasible, I would offer both options to enhance efficiency. However, it’s unlikely for a retail store to have a full strap of $2 bills, as $2 straps are rare in most bank branches.
To simplify matters, omit the $2 bills and split the $1 bills between 50 and 100 straps, which will be more practical in most cases. In the unlikely event that a robbery yields $2 straps to spend at a store, it would be a rare occurrence to address.