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Port Elizabeth police are searching for four armed suspects, after a man was robbed of a substantial amount of money at Standard Bank in Kempston Road.
Spokesperson, WO Alwin Labans says the incident happened on Saturday when the 35-year old man wanted to deposit the cash.
He says the man was confronted by the robbers after he got out of his vehicle.
He was robbed at gunpoint and no shots were fired.
Labans says the man was not injured.
The suspects fled on foot.
Meanwhile, a manhunt is on for three armed men who robbed a man in Despatch on Saturday.
Police spokesperson, WO Basil Seekoei says the suspects held the man at gunpoint and robbed him of a flatscreen TV, before fleeing in his VW Polo Vivo.
He says anyone with information to assist in the investigation, can contact the police.