Best Money Boxes For Notes

Money boxes are useful if you are paid in cash, even though it's less common nowadays. Using a moneybox for notes is a simple way to keep your cash from overpacking your wallet and potentially going missing. 

Regardless of your age, there is no point earning cash if you're only going to lose it.

You're going to want to keep it safe until you eventually deposit it into the bank. By using a money box for notes, you won't need to make as many frequent visits to the bank. With branches closing down frequently, you'll need a way to delay visiting so often.

In this insight, we are going to compare the best money boxes for notes, but not to be confused with money boxes for small businesses. These money boxes are for personal use and won't stand the security test of a small business.

Without further ado, here are the best money boxes for notes:

List Of 4 Best Money Boxes For Notes

1. Combination Steel Money Box

• This steel money box is ideal for notes, if you're looking for something quite vanilla. No bells and whistles here, just serious saving. It's basically a stainless steel money box with a combination lock. 
• It won't be suitable for the forgetful, you'll have to remember your three-digit code to keep your money accessible as there is no way you'll be able to smash your way through this. Every time you change the password, you need the new password you set this time as open-code and the-code-to-change-this-code. So if you forget the code, you can neither open it nor change its password. 
• It's 6 inches with a mechanical lock, ideal for a higher value of money. This money box will also be suitable for coins. 
• It's Good looking and smooth to touch, like a mirror. 

2. ATM Money Box

• This is an ATM style money box for notes. Coins will also fit through the gap. This is quite a basic money box and would be more suitable towards kids than adults looking to save wads of cash.
• This safe can only be opened when you enter the 4-digit password, the green light will turn on then you can turn the knob clockwise and open the door.
• Don't worry, as its for kids, if you do forget your password, just take the batteries out and wait ten minutes. After ten minutes pass, the code will be set back to '0000'.
• This would be a good gift to help educate kids around the topic of money and saving. However, it's pretty good looking, after all, its an ATM. I wouldn't put it past a few adults enjoying this just for simplicity.

3. The Old School Piggy Bank

• There's no school like the old school and the traditional piggy bank is the headmaster. You can't beat the original piggy bank in terms of what it does. It offers a simple solution to saving cash, either in the form of coins or notes.
• This is a good looking ceramic piggy bank, about 7.8 x 6 x 5 inches in size.
• It's a simple and easy solution to save money for all ages. Even if you are older, expect this piggy to remind you of your childhood. 

4. Clear Acrylic Break to Open Box

• This see-through money box for notes is perfect for people who want to see their money grow. However, not so ideal if you need easy access. This is for long-term saving only as once you smash it open, you can't use it again. 
• Made of high-quality sturdy acrylic material. It's a very simple stylish, easy-to-use design. It would look great with notes in here.
• Comes in a range of sizes, starting at 15cm long. 

How Many Notes Can I Fit Inside a Money Box?

The number of notes you can fit inside a money box depends on its size and capacity. Money boxes come in various shapes and sizes, so the number of notes they can hold will vary. Some money boxes are designed to hold only a few notes, while others can accommodate a larger number.

To find out how many notes your specific money box can hold, you can check its specifications or try putting some notes inside to see how many fit comfortably. If you have a particular money box in mind, you can refer to its packaging or product description to get an idea of its capacity.

Is It Safe Using a Money Box For Notes?

Using a money box for notes can be safe, but it also depends on various factors:

Security

Some money boxes come with built-in security features, such as a lock and key, making them more secure. Others may be more basic and easier to open, which could pose a risk if someone gains unauthorized access.

Material and Construction

The material and build quality of the money box can affect its safety. A sturdy and well-constructed money box will provide better protection for your notes.

Location

Where you keep your money box matters. If you keep it in a secure and private place, the risk of theft or tampering is reduced. On the other hand, leaving it in an easily accessible or exposed area could make it less safe.

Risk of Damage

Some money boxes may not provide adequate protection against fire, water, or other potential hazards. If protecting your notes from such risks is a concern, consider additional safety measures.

Type of Money Box

Personal money boxes for notes may not have the same level of security as commercial-grade safes. They are generally more suitable for holding smaller amounts of cash for short-term storage.

If you're using a money box for small amounts of money or for temporary storage until you deposit it into the bank, it can be relatively safe. However, for larger sums or long-term storage, it's better to consider more secure options, such as a bank account or a proper safe with enhanced security features. Always assess your needs and the safety features of the money box before using it to store valuable items like cash.

Are Money Boxes For Notes Insured By Home Insurance?

The insurance coverage for money boxes for notes or any other valuables typically depends on the terms and conditions of your specific home insurance policy. In general, standard home insurance policies do provide coverage for personal belongings, including cash, up to a certain limit, in case of theft, fire, or other covered perils.

However, the coverage limit for cash is usually relatively low, and there might be specific conditions and restrictions. For instance, some policies might have a limit of £500 for cash coverage, and they may not cover cash if it's stolen outside your home or if the theft is not accompanied by a break-in.

Conclusion

In conclusion, money boxes for notes offer a convenient and simple way to keep your cash organized and safe, especially if you're frequently paid in cash. They can help prevent your wallet from getting overloaded and reduce the need for frequent visits to the bank. However, when using a money box, consider the security features, location, and overall capacity to ensure the safety of your money.

Read More: 

• Unusual Money Boxes
• Money Boxes For Kids