probably asked before - bank question - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

probably asked before - bank question

muffin247 Avatar
6y, 8m agoPosted 6 years, 8 months ago
whats the limit of cash i can deposit in my bank account before they start asking questions

ie where did u get that?!?! lol
muffin247 Avatar
6y, 8m agoPosted 6 years, 8 months ago
Options

All Comments

(28) Jump to unreadPost a comment
Comments/page:
#1
It's been asked before......
1 Like #2
it depends on the customer profile. however any bank can question any cash deposit that a customer makes especially if they are frequent and for large amounts.

:)
#3
cw9652;8064462
It's been asked before......


whats the answer plz:thumbsup:
#4
muffin247
whats the answer plz:thumbsup:


Basically, It depends on the customer profile. However any bank can question any cash deposit that a customer makes especially if they are frequent and for large amounts. :)
banned#5
I will look after it for you :thumbsup:
#6
OP - What is the reason you ask the question??

Intrigued!!
#7
gonna make a large deposit tommorow at my bank in cash thats all
banned#8
muffin247
gonna make a large deposit tommorow at my bank in cash thats all


Which security van did you rob? :p
#9
I've had 3,000 deposited before and no questions, plus I've got a young persons account.
#10
muffin247
gonna make a large deposit tommorow at my bank in cash thats all


OK - More subtitle.... How much, and why!! ;-)
#11
im not sure dont wanna look too suspicious

£10,000 was thinkin on 20k but ill do it in 2 batches
#12
The 2nd time you go they will push that magic button under the desk and your have some explaining to do!!!
#13
keep it under your mattress, inanimate objects don't ask questions. they don't find sneaky ways to take a slice of your money either (bank charges, penalties etc.).
banned#14
muffin247;8064584
im not sure dont wanna look too suspicious

£10,000 was thinkin on 20k but ill do it in 2 batches

2 batches of 10k will look more suspicious than 1 of 20k
#15
as long as you can account for where the money came from there shouldn't be a problem...unless its dodgy.
#16
phone the customer services and ask
#17
I always thought it was around 3k mark.

Not that they would ask you q's but that they have till fill in a form of some sort to notify someone. Something to do with money laundering I think.
#18
A bank, asking the customer questions when they deposit? thats good business. I do remember hearing any deposit over 10k is flagged up to big brother.
#19
say you just sold your car.... big deal.
Move on.
#20
Put it in a washing machine first to launder it,because if you worried about what the bank will do it must be dirty money,i am not judging you but the fact you have to ask says loads.
Also be careful because if you get any sort of benefits from the DWP then having that sort of money in your bank account will mean no more benefits..
#21
You know its been asked before because you asked it before!

http://www.hotukdeals.com/item/507357/banks?
#22
cbryanp
You know its been asked before because you asked it before!

http://www.hotukdeals.com/item/507357/banks?


do you have nothing better to do than scrawl through previous topics:roll:
#23
nono2522
do you have nothing better to do than scrawl through previous topics:roll:


:? eh? I just remembered there was a similar one before. Whats with the insult?
#24
It is a banks obligation to pass the details of large transactions on the the HMRC due to money laundering regulations.

The amount I am not sure of??? 6k?
#25
cbryanp
You know its been asked before because you asked it before!

http://www.hotukdeals.com/item/507357/banks?


Looks like we have a serial drug dealer imo :whistling:
#26
DragonChris
Looks like we have a serial drug dealer imo :whistling:


Seems to have been hit by the credit crunch anyway whatever the business :)
#27
there is no set amount which will trigger a query on cash deposits, as people have said it will vary from bank to bank and customer to customer, basically most banks have a computer system in place which will produce reports of any large amounts in or out that are out of character for the account, ie if you buy a car on your switch card for £10k and you havent used your card in months/years etc

basically it is a legal requirement for them to ask you where the money is from under the money laundering regs If you act suspicious (like you are at the mo) and dont tell them or start splitting up the money they can raise a report on you and if it gets really serious you could find your accounts frozen (only if the really suspect money laundering).

Be honest with them and tell them even if they dont ask where the money came from, i dont see what the problem is with going thru money laundering procedures unless the money is dodgy in the first place. If your account is a personal account and you usually only pay in small amts of cash (few hundred etc) i would say it wont matter wether you pay the money in all at once or split it up, they will still pick up on it that is their job.

also be warned if you put the money in then soon after take it out again or transfer it you will probably also raise alarms as this can be considered as "layering" ie moving money about to hide the origins.
#28
cbryanp
Seems to have been hit by the credit crunch anyway whatever the business :)


True - From 100k to 20k :p

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!