The robbery happened before 9 a.m. at the Bank of America at One Hannover Square. The building is located on the Fayetteville Street Mall on Wilmington Street in downtown Raleigh.
Julius Torrence Crawford, a Brinks courier, told police he was getting out of his armored car to make a delivery to the Bank of America when he was held up by a man with a gun. Detectives say the suspect took Crawford's gun and the bags of money.
Police said the suspect left the scene heading east on Davie Street in a sandlewood-colored 1997 or '98 Jeep Grand Cherokee Laredo with North Carolina license plate LVE-3039.
The armed suspect is described as a white male in his early 40s, who is 6 feet tall and weighs 200 pounds. The suspect was last seen wearing a winter cap pulled down over his ears, sunglasses, a beige jacket, khaki pants and white tennis shoes, according to Tom Ditt of the Raleigh Police Department.
There is no word on how much money was taken. The FBI is also investigating the robbery.
Anyone with information on the vehicle or the robbery is asked to call the FBI at (919) 233-7701.