The word « liasse » is part of everyday language. But, it is also a term specific to the banking sector. Find out what the bundle means, not to be confused with the boot and the brick. You are also told how many notes are in a bank wad and how the denominations are packaged.
What is a bundle in a bank?
In the general sense, a bundle mainly designates a bundle of papers without specifying the quantity.
On the other hand, when it comes to a bundle in a bank, it concerns a precise quantity of banknotes of the same value. And to assemble a bundle, a bracelet is used.
To note : the bundle should not be confused with the boot and the brick, two other terms used in the banking world.
What is the boot in a bank?
The term « bundle » is less used than that of « bundle » but it has a very specific meaning in terms of packaging banknotes.
Thus, the bundle contains 100 banknotes. Its value can therefore range from 500 euros (if it is 5 euro notes) to 50,000 euros (with 500 euro notes).
This time, we no longer use bracelets to bring the tickets together but loops.
What does the brick mean in the banking world?
When ten bundles are gathered, then you get a brick. This term therefore designates the assembly of 1,000 banknotes whose value can range from 5,000 euros to 500,000 euros.
But why is it called a brick? In fact, the package takes the form of a masonry brick. According to the rules enacted by the Banque de France, the brick must be identified by a cap placed above. This can take various colors, depending on the value of the banknotes, which are held together by a strapping. And a bank brick weighs about 1 kg.
Note that by extension, the term “brick” also formerly designated a sum of 10,000 francs. In the days of the old francs, before 1960, a packet of 1,000 1,000-franc notes was worth one million francs. We then spoke of a brick to designate a million francs. The use of the term remained after 1960. However, its value changed from one million old francs to 10,000 francs. But with the arrival of the euro in 2002, the word “brick” in this particular sense disappeared.
How many banknotes in a bank roll?
A bank bundle contains 20 banknotes of the same value. Thus, a wad of 20 euro notes is worth 400 euros, for example. And a wad of 500 euro notes is worth 10,000 euros.
How are tickets counted?
To condition banknotes and form bundles, bundles or bricks, banks use banknote counters. These are electromechanical machines.
Banknote counters facilitate the work of counting and also allow the detection of counterfeit banknotes. The machine is capable of processing more than 1000 banknotes per minute without error.
On the market you will find different models, from simple counting machines to more efficient counting machines that perform the sorting and distinction of mixed banknotes. We then speak of valuation.
To note : Banks are not the only institutions that use these machines. They are generally used in professional sectors where large quantities of cash are handled. For example, cash carriers, casinos, large commercial surfaces, gas stations, restaurants…