If you’ve ever visited a bank, you’ve probably seen what a money counting machine looks like. This convenient technology not only speeds up the money counting process but is also customized to detect counterfeit cash. It’s particularly a great investment for state-run organizations that have to frequently count multiple stacks of money.
The inner mechanics of the money counter are fairly simple. Inside the machine is a micro-processing scanner that pulls the bills apart one at a time. The beam of light in the scanner is interrupted per banknote, which is counted as one bill.
Meanwhile, counterfeit cash detection happens via a pattern recognition technology in the machine. It can tell what denomination each bill represents by observing the design of the paper. The trick lies in a special blacklight technology; it’s flashed onto the banknotes which have florescent designs imprinted on the paper. Now, that’s a foolproof method to detect a fraudulent banknote.
The interesting thing is that it all happens very fast. You probably won’t be able to detect many differences between a one-dollar and a hundred-dollar bill, but a money counter can do it within seconds.
Best Money Counters in 2020
If you’re interested in buying a money counter machine, know that there are plenty of brands and models out there. However, you don’t need to get confused because we’ve compiled a comprehensive review of the most popular machines. Read on to find out the best one for you!
1. G-Star Technology Money Counter – Fast, Reliable and Accurate
The G-Star is the ultimate time-saver. Even the simplest models in the series let you count up to a thousand bills per minute. Plus, they just don’t stop working! You can get up to two hours of non-stop money counting with this machine.
Along with being highly productive, the G-Star reduces chances of human error by accurately counting all the bills supplied to its system. By accurate, we mean that the system has an error rate of only 1 in 100,000 bills. Now, that’s an investment you’d want to make!
What sets the G-Star apart from its competitors is its ability to detect counterfeit cash immediately. It uses both ultraviolet and magnetic ray sensors to catch fake money, making it an ideal money sorter for both private and commercial use.
If you’re using this machine in a crowded office space, you can rest assured the G-Star won’t be causing much disruption. It works quietly at less than 60 dB. It’s also supremely energy efficient. The machine uses less than 90 watts of electricity when counting banknotes. When you leave it idle, it’ll only consume 3 watts.
It’s also user-friendly. Anyone can easily operate it, and the LED screen gives very simple instructions.
The only downside to this amazing machine is that it’s not yet equipped with the technology to detect money denominations. Hence, while it can count the number of 20 dollar bills you have placed in the holder, you’ll probably have to do the math on your own because it won’t be able to tell you the amount of the bill itself.
- Works quietly
- Energy efficient
- Cannot detect bill denominations
2. HFS Bill Money Counter – Versatile and Globally Oriented
The HFS Money Counter is a fast machine that will count bills in most global currencies, including the euro and the US dollar. On average, it will count about 900 bills in sixty seconds, saving you a lot of valuable time and effort.
The machine is equipped with dual counterfeit detection sensors. The ultraviolet and magnetic ray detection technology can identify fake bills or fraudulent currency right away.
The machine is also highly accurate and comes with a dual-note detecting system that allows it to sense errors when two bills have been counted as one. You can add several batches of cash at once and there’s very little chance it will glitch up, so this one’s a reliable investment.
The HFS is also user-friendly and comes with an external display set for second parties such as your customers. This should help establish trust with clients in a commercial setting because the money counting process is relatively transparent. You can also quickly start, stop and clear the count data with the buttons on the body.
The drawback of the HFS is that it cannot identify the bill denominations, so you’ll have to do the final calculation yourself. Additionally, you’ll have to closely follow the instructions on the machine’s box. Placing the bills on the wrong side of the tray or at an incorrect angle can cause the machine to jam and restart.
- Suitable for counting most legal currencies used in the world
- Can detect counterfeit cash with double detection UV and MG systems
- Can sense double-note counting
- Energy efficient
- Cannot detect bill denomination
- Must enter bills at correct angle to avoid jamming
3. Carnation CR1500 Bill Counter and Sorter – Intelligent and Reliable
Technologically advanced is one way to describe the Carnation CR1500. This bill counter and sorter offers most of the features of a standard money counting machine and more! For starters, potential buyers should know that this is one of the very few machines that can quickly count bills and accurately detect their denomination.
It can also separate denominations and sort them into separate piles. For example, a stack of 100, 50 and 20 dollars can be sorted, separated and counted by the Carnation CR1500 in one cycle.
The bill sorting aspect is equipped with state-of-the-art UV, MG and image recognition detectors that can easily spot counterfeit bills. What it does is that it uses the serial numbers printed on the banknotes to verify the bills it has suspected as fake.
The interesting thing is that unlike other machines that halt functions when they spot a fake bill, the Carnation will sort the suspected bills into a reject tray. This lets the owner quickly examine the rejected bills for their own satisfaction.
The capacity to hold bills is greater than average. You can place about 500 bills on the counter tray easily. Depending on the version you purchase, the machine will be able to count anywhere between 800 to 1100 banknotes per minute.
The other great thing is that you get live customer support service with the machine and a two-year warranty.
With all these benefits, the only compromise you’ll have to make is that you’ll have to listen to the buzzing and beeping sounds of money being counted and sorted into a tray.
- Can sort and detect bill denominations
- UV, IR, and MG technologies to detect counterfeit bills
- Good customer support and two-year technical service warranty
- Can count up to 100 notes in sixty seconds
- Makes noise during operation
4. Cassida 5520 Bill Counter – Simple and User-Friendly
Here is a currency counter whose functions center on promoting ease of use. All features on this machine are designed to keep operations simple and save time for the user. The controls are fairly simple, and there are several options for you to automate the counting process.
Counting nearly 1300 bills per minute, the Cassida 5520 is one of the fastest machine counters in the market today. It comes with a half-note, double-note and chain-note detection system. The installed infrared sensors are able to identify a wide spectrum of counterfeits and bill discrepancies.
Additionally, the ultraviolet and magnetic ray sensors work to detect counterfeit bills, maintaining a high level of accuracy in the machine’s operation.
When a counterfeit or dubious note is identified by the counter, it will halt the counting process and the machine will beep loudly to notify the user. The type of error and its name will flash on the LED monitor on the counter. The suspected bills will then be placed into the stacker tray to be removed.
The front cover can be opened by hand, so you won’t need any expert to deal with machine jams. It’s generally low maintenance, though. The machine can self-diagnose any problems and can lubricate its inner bearings automatically.
Users can easily transport the Cassida 5520 with the attached handle on the machine. Moreover, it’s got a sleek design to blend well with the office surroundings.
However, the Cassida 5520 will not give users the advantage of money sorting functions. It also cannot recognize the denominations entered into the stack loader.
- Easy to use
- Multi-layer counterfeit detection system
- Fast and accurate counting
- User-friendly design
- Cannot sort bills
- Cannot detect bill denominations
5. Goplus Money Counter – Versatile and Efficient
The Goplus is packed with some state-of-the-art features that’ll give users great variety in their money counting tasks. The machine can count the number of banknotes inserted into its tray and can count most legal currencies used across the world.
The Goplus is also capable of identifying counterfeits with the help of an ultraviolet and magnetic ray bill detection system. The machine has a very low miss counterfeit detection rate at 1 per 700,000 notes, so you can rest assured this one is fairly accurate in its operation.
Once a counterfeit bill has been identified, the machine will stop counting and alert the user with a loud beeping noise. The LED screen will also show an error on the display. The user can then manually separate the suspected bills and resume counting.
With this money counter, you’ll be able to count slightly over 900 bills per minute without much noise. The stacker has a bill capacity of about 130 pieces, and the hopper is easily adjustable.
The money counter is also portable and easy to use and requires low maintenance. The display and sensors are dustproof, so you can clean them with a wipe anytime.
However, there are a couple of minor downsides that buyers must keep in mind. Firstly, the Goplus cannot detect bill denominations, so you’ll have to do a bit of the calculation on your own. You’ll also have to sort the bills yourself since the machine only performs counting operations.
- Accurate counting
- Low miss counterfeit rate (1/700,000)
- Works quietly
- Can count global currencies
- Can self-examine errors
- Cannot detect bill denominations
- Cannot sort bills on its own
6. Kolibri Money Counter – Fast and Durable
The Kolibri Money Counter is a fast and highly efficient machine that will count up to one thousand US dollar bills in one minute.
The counter is easy to use and features a unique batch mode setting that will enable users to count their money in units of $10, $20, $25, $50 and $100 bills. Hence, while the counter does not have money sorting technology, it will still help you reduce manual labor.
Plus, you don’t need to worry about maintaining the machine. All models come in a slender metallic design that is easy to clean and will last you for a long time. The money stacker and hopper are easily adjustable and can hold up to 200 bills at a time. The counter tray is constructed to slide down to be used, so there’s little risk of paper jamming in the machine.
The Kolibri Money Counter comes with a multi-level counterfeit bill detecting technology. Equipped with the latest ultraviolet sensors, it can spot any fake, double note, half note or chain note in its system. The infrared and magnetic ink security features will ensure that you’ve got authentic US currency in your hands.
Perhaps the greatest selling point here is that users get all these features at a highly affordable price. The machine also gives buyers a one-year warranty.
However, the drawback is that it struggles to detect denominations. Buyers should also be aware that although it’s made for counting US currency only, it will be able to count other currencies that are exactly the size of a typical US dollar bill.
- Fast counting
- Little risk of machine jamming
- Accurately detects US currency
- Makes no noise while counting
- Cannot detect bill denominations
Features to Consider
Counting thick wads of cash can be fun the first couple of times, but it gets monotonous after a while. Businesses that have to deal with counting banknotes on the regular can really feel the efficiency and sense of relief that comes with a money counter. When purchasing a counter, here’s what to keep in mind:
Fast counting is definitely a plus point, but sometimes too fast can be a bit of a drawback. If the hopper size is too small, you’ll have to keep restacking new notes onto it and that could feel like a nuisance. It’s also important that high counting speed is complemented with accurate counting or else the machine’s speed doesn’t matter.
Size of the Hopper
As mentioned above, a small hopper can make the counting process more tedious because you’ll have to keep replacing it with new notes. Look for a hopper size that’s adequate enough to hold a good amount of bills so that you don’t have to interrupt the operation again and again.
Batch Add Option
Some money counters offer the option to add numbers from the previous batch to the new one. This will be useful when you need to add numbers from different denomination bills. It’ll also help when you require a total count for different stacks and don’t need to do a chain of math problems in your head.
Fake Bill Detection
Complementing the speed of a counter is the accuracy with which the machine does its job. Look for a money counter machine that is able to spot counterfeit cash immediately and can alert you when a bill is torn or too soiled for use. Even if your business doesn’t need complicated features like chain note detection, you’ll still need to be able to tell fraudulent notes apart from the authentic ones, so make sure you pick the machine with the most security elements.
Bill Sorting Abilities
Some machines can sort bills and detect various denominations. This doesn’t have to be a deal breaker, but it’s something you can account for if you are paying extra. It’s a highly useful feature because it minimizes chances of errors in counting. Imagine you accidentally slipped a $100 bill in a $50 stack. Pre-checking each stack can be tedious, so you might as well invest in an intelligent system.
Advantages of Using a Money Counter
Money counting machines have numerous benefits to their name. These pieces of technology have become mandatory in banks, retail shops and hotels. Without them, it’s hard to imagine running a successful business venture. In fact, businesses today need money counters to improve their productivity, service accuracy and overall efficiency.
Here are some of the key advantages of incorporating money counting machines into our daily lives:
They Save Time
Money counters are exceptionally fast. They count bills at a pace that humans cannot. Most machines that we have reviewed above are capable of handling more than 100 notes at a time. In one minute, the machine will be able to count about 900 bills on average. If you place it somewhere close to your cash register, you know you’ll be saving a significant amount of time trying to count and authenticate the notes you receive.
They Are Highly Accurate
One of the main reasons why businesses and other retailers opt for a money counting machine is that it makes fewer mistakes. Machines are built to reduce human error. With a money counting machine, you’ll be able to separate double notes that can easily be miscounted as one by human hands.
They Are Easy to Use
Money counting machines are not more complicated than operating a television remote. Most standard counters will come with an automatic start and stop button. All you have to do is place the bills on the counter tray and let the machine do its job.
Some models may feature an adding option as well. This allows you to add one batch of notes to another batch. Most money counters are extremely user-friendly and will come with easy-to-read LED displays and soft touchpads.
They Are Convenient
Money counters reduce the need to perform manual labor. They’re a blessing for those users who have to frequently count and verify the authenticity of thick wads of cash on a daily basis. Banks and other retail shops frequently use money counters. Most models are easily portable and can be charged with a cable, so you can continue your operations even when the power goes out.
Plus, you can always speed up the operation at the touch of a button. Many counting machines will have a button to add batches, check bills and sort suspected bills. Depending on the type of business you’re operating, you can even get a machine that’s got a separate window for customers to view the count.
They Are Intelligent Systems
As reviewed above, there are plenty of money counter machines that can self-diagnose and examine glitches in their own system. If, for example, there is an error in the counting, the machine will immediately alert its user. In other cases, you’ll be able to find models that can detect bill denominations and do all the calculations for you.
They Can Spot Counterfeits
Most contemporary money counting machines are equipped with strict security measures. They will easily be able to detect counterfeit cash within seconds. In some cases, they’ll also be able to alert users that the bill is torn or soiled to the point that it can no longer be used as valuable currency. Compare that to manually counting the bills, where you’ll find yourself spending ages cross-checking them.
How Money Counter Machine Works?
Save yourself the time and hassle of counting bills manually by investing in a suitable money counter. Most money counters today are highly secure forms of counting and sorting your cash and come with added benefits for a fraction of the total cost.
Although there are many affordable options available on the market, you will still be able to save up on costs with an expensive machine. This is because money counters are replete with convenient features that count your cash with unmatched accuracy. They’ll also be able to save your business from devastating losses should you encounter some counterfeit banknotes.