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"money bag" is a correct and commonly used phrase in written English.
It refers to a bag or pouch used to carry or hold money. Example: The wealthy businessman carried his money bag everywhere he went, making sure to keep a tight hold on it at all times.
Dictionary
money bag
noun
A bag, normally with a drawstring, used for holding money.
Exact(30)
He carried a money bag in one hand and a dirty white towel in the other.
Outside the rink, a man quietly approached the officer guarding the money bag.
She has a sashiko-stitched wrapping cloth and 19th-century money bag.
The money bag, with $17,171 of the $20,000 inside, was recovered, he added.
On the table top stand an inkwell and plume, a money bag and ledger books, with coins neatly lined nearby.
A man in a red cap stitched with a green money bag threw back a glass of violently colored puce liquor.
Similar(27)
The bottom of his screen was a blizzard of hearts and stars and money bags.
He held jobs after school and on weekends to bring in money, bagging groceries or working in restaurants.
"I'm guessing they view me as E.P.A., the guy who's going to stop their money bags," he said.
INVISIBLE ink, meetings in a park, buried pots of money, bags switched at stations and a good-looking Bond girl as well.
Keynes, the most influential economist of the first half of the 20th century, has been dead for 63 years, and the money bags these days belong to China.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com