Any Bankers ?

jamesblade

jamesblade

jamesblade

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Joined
19 Jul 2010
Posts
1,154
looking for up to date information on how much cash you can deposit in your account before you get strange looks. Anyone ?

As in over the counter with real paper :)
 
You will just be asked for a source.
You give one, it is noted.
That is all. You can deposit as much as you like.

Over five k if it is a nonregular amount. If you are throwing that in each money, no one will ask anything.
 
Worst I have a large amount of cash to deposit thread ever :o

:p

Would be cool if you could rock up in a black suit, shades, briefcase and line them out :p
 
I'm in the IT side of banking but have to regularly sit the anti money laundering training. There is no fixed amount although banks will have automated scanning software looking at all transactions. Each bank will have its own limits which trigger something to be looked at. But it also looks at unusual patterns such as someone spending a larger than normal amount of money, or dealing with companies or countries on a sanctions list, etc.

You also won't get questions asked... That would tip someone off. They will investigate in the background.
 
Cheers DJMK4 I'll split it into 10 lots of 10k then and go buy a black suit, shades and briefcase tomorrow, ready for Monday opening time. :)

Vidars last POF date paid good money up front :)

To everyone else thanks for the info..
 
Rotty said:
£10k before they will ask questions in my experience
Click to expand...

The old wives tale is £10k on the nose..

however have put hundreds of thousands in on many occasion via many different methods over the years and never ever been asked about it.

I think its less about the value and more about how out of place it is to your usual activity.
 
EyeDot said:
The old wives tale is £10k on the nose..

however have put hundreds of thousands in on many occasion via many different methods over the years and never ever been asked about it.

I think its less about the value and more about how out of place it is to your usual activity.
Click to expand...

Correct.
 
EyeDot said:
The old wives tale is £10k on the nose..

however have put hundreds of thousands in on many occasion via many different methods over the years and never ever been asked about it.

I think its less about the value and more about how out of place it is to your usual activity.
Click to expand...

I have put much more in by transfer and nothing said it was when I put over £10k in cash that they asked questions

bank clerk was prob a mate of the missus or something :p
 
Seen a Russian walk into barclays with one of those large Samsonite rolling suitcases, walking over to the counter saying he wants to deposit some cash, the girl says go ahead and he replies in strong Russian accent, "I dont kno, we might be here for a while, you have other place?" The girl over the counter looks very confused, so he opens the damn bag.... and its full to the top with dollars neatly packed.

Everyone just stood in awe lol, there was probably more than few million bucks in that thing...

He looked pretty ordinary, working class so no one expected that turn of events... He probably was doing it for his boss or something.
 
The UK doesn't have any mandatory reporting limits unlike most other countries; however financial institutions have to report anything they consider suspicious.
 
I don't see what money laundering has to do with depositing money.

Laundering is when you make it appear as if money came from a legitimate source. Simply depositing 100K into your bank account is not even close to laundering anything anything at all.

If you deposit 100K into yout bank, you won't get done for money laundering, as absolutely no attempt at money laundering has been made. If anything, you'll get done for tax evasion if you cant prove you've paid tax on it, or if you cant prove it's exempt from tax.
 
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