Exhibit 14



                       CASH SYSTEMS, INC.
                         CODE OF CONDUCT

Introduction.

          This Code of Conduct (this "Code") is applicable to the (i)
President and Chief Executive Officer; (ii) Chief Financial Officer; (iii)
Chief Accounting Officer or Controller; and (iv) other persons performing
similar functions (collectively, the "Covered Executives") of Cash Systems,
Inc. ("Cash Systems").  As used in this Code, "we", "our" or "us" means Cash
Systems, and "you" means a Covered Executive.  The Covered Executives hold an
important and elevated role in corporate governance, and are uniquely
positioned and empowered to ensure that Cash Systems' interests are
appropriately balanced, protected and preserved. Cash Systems' Board of
Directors (the "Board") has adopted this Code to deter wrongdoing and to
promote honest and ethical conduct, proper disclosure of financial information
in Cash Systems' periodic reports and compliance with applicable laws, rules
and regulations by Cash Systems' senior officers who have financial
responsibilities.

General obligations.

          In performing your duties, we expect you to:

          * Conduct yourself honestly and ethically, including the ethical
handling of actual or apparent conflicts of interest between personal and
professional relationships.

          * Refrain from using your position for personal gain or competing
directly or indirectly with Cash Systems.

          * Provide, or cause to be provided, full, fair, accurate, timely
and understandable disclosures in (i) reports and documents that we file with
the Securities and Exchange Commission (the "SEC"); and (ii) other public
communications made by us.

          * Comply, and encourage others reporting to you to comply, in all
material respects with all applicable rules and regulations of federal, state
and local governments, the SEC and other appropriate private and public
regulatory agencies.

          * Comply, and encourage others reporting to you to comply, with
this Code and all other codes of business conduct or ethics adopted by us from
time to time.

          * Promptly report, and encourage others reporting to you to
report, any known waiver or violation of this Code to Gordon Graves, an
independent director of Cash Systems, or a member of the Board.

          This Code is specifically intended to meet the requirements of
Section 406 of the Sarbanes-Oxley Act of 2002 (including any amendments).

Waivers from or Changes to the Code.

          The Board will have the sole and absolute discretionary authority
to approve any changes to this Code and any waivers from this Code. Any waiver
from this Code, including an implicit waiver, for a Covered Executive will be
promptly disclosed on a Form 8-K or any other means approved by the SEC. Such
disclosure will include the nature of the waiver, the name of the Covered
Executive to whom the Board granted the waiver and the date of the waiver. Any
change to this Code will be promptly disclosed as required by law or
regulation of the SEC.

Administration of and Compliance with this Code.

          Procedures for Raising Concerns. You are expected to comply with
this Code and to report any possible violation of this Code, so that it can be
investigated and evaluated. Concerns may be presented in person or in writing
to Gordon Graves, an independent director, or a member of the Board.  Concerns
may be reported on a confidential and anonymous basis. Written concerns should
be addressed to Gordon Graves, Independent Director, or a member of the Board
at Cash Systems, Inc., Attention: Board of Directors, 3201 West County Road
42, Suite 106, Burnsville, MN 55306,  with a copy to Mr. Gordon Graves
personal address of 1604 Crested Butte Drive, Austin, TX 78746.

          Procedures for Investigating and Resolving Concerns. Reports of
possible violations will be forwarded to an independent member of the Board,
who may, in his discretion, assume responsibility for evaluating any possible
violation and directing or conducting any investigation or may delegate any
portion of such responsibility to a committee of the Board or another person
or entity. The Board will have the authority to engage independent counsel and
other advisers, as it deems necessary, to assist in its investigation and
decision process.

          After conducting the investigation, the results will be evaluated
and the Board will authorize such response, follow-up and preventive actions,
if any, as are deemed necessary and appropriate to address the substance of
the reported possible violation. We reserve the right to take whatever action
we believe appropriate, up to and including discharge of any Covered Executive
determined to have engaged in improper conduct.

          We will not penalize or retaliate against any person or entity for
reporting a possible violation in good faith. We will not tolerate retaliation
against any person or entity for submitting, or for cooperating in the
investigation of, a possible violation. Any retaliation will warrant
disciplinary action against the person who wrongfully retaliates, up to and
including termination of employment.
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