Changing notes in Bank?

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Do you mean exchanging out of circulation notes for new ones?

Still unsure why you don't just pay them in and withdraw when needed, unless of course you're one of these "stash it under the matress" OAP's that get robbed all time.
 
Are you buying this car for your business? I can't see what reason you'd have to notify your accountant for, surely you have a separate account for your personal expenditure.
 
How many 2p's are we talking OP? £1k?, £5k?, £10k+?

Gotta say, it does sound dodgy as hell? "How much cash in hand jobs can i exchange at a bank without alerting the taxman?"

Localbitcoins - meet someone with the cash and buy BTC ;)
 
Do you mean exchanging out of circulation notes for new ones?

Still unsure why you don't just pay them in and withdraw when needed, unless of course you're one of these "stash it under the matress" OAP's that get robbed all time.
And banks and bld soc are soooo reliable too arn`t they :rolleyes:
seen a few go breasts up over the years havn`t we
 
Anti money laundering deposit limit is £10k but I don't know if it kicks in on exchanging.

Regardless how may out of circulation 20s are you estimating you're going do have?

Holding a large amount of cash is asking for trouble and difficult to deal with if it's stolen, especially if it's more than your insurance policy will cover.
 
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How much are you talking the main issue is just the amount of cash the bank has available

If you're in a small town it will be a lot lower than if you're in a city.

Especialy as in a city you can just hit up a few in a row or go every other day.


There's no fixed amount it is different per branch per day. If you ring up where you want to go directly they will be able to advise you. Or you can arrange ahead of time, like if you want to make a large withdrawal and they can have the money brought in.


Your seller probbaly wouldn't accept them but for storing cash jist get everything changed into 50s takes up less space and there's 0 planes to change them any time soon.
 
Self Employed is a hassle
You have to show where EVERY single note comes from it seems,more work for my accountant means more money i have to pay her

Perhaps I’m not thinking this through properly, but unless you’re dealing in astronomical amounts, switch to a different accountant.
When I was self employed, my accountant said, “Don’t take the ****, show them that you earn enough for your monthly expenses, don’t ask for a £100,000 mortgage, and say that you’re only earning £1000 per month, and they’ll very likely leave you alone.
If you’re pulling in a lot of cash, put the lion’s share in an account in the name of someone that you trust, NOT a joint account with your wife, they can look into those, and sign this form that says that I’ve apprised you of HMRC regs re money laundering, and IF you get investigated, it’s all on you.
Fortunately, I never once had a tug, and I’ve been retired for longer than you have to keep accounts on file for HMRC now.
 
Its £9000 and no questions asked. ;)

Anything above and it gets moody as hell.

Also you can only put £1000 in a self service machine. Jammed a few in my time. lol :D
 
'Unhelpful'?

Well, if the information is not online and a bank isn't nearby then call them. Like I said.

The ony issue with that is you'd be trackable which i'm starting to think is an issue.
 
I’ve deposited £50,000 in cash and no questions were asked. Depends if you like dags tbh.
 
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