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How is their business?We aren't on benefits anymore so it can't be that. yes, anything over £5000 in my last job we had to ask where the money had come from and record the answer on teh back of the cheque. From this I gather the most likely explanation, is that you've hit somekind of account threshold, that the average credit-happy customers usually do not exceed, which triggered a routine checkup. "You can't lie in those situations," says Jeffery Robinson, author of "The Laundrymen," a book about money laundering. Bank staff (who are on the ball) will ask questions in order to establish where the funds came from inorder to ensure you are not money laundering. How very odd. If you have just immigrated to study in the UK, and wish to receive money from your parents or guardian, then you can do so through Small World. I paid a slightly larger sum into my (Co-operative) bank account without any grief at all. If you can’t get the creditor to agree a new date, you can apply to the court for a change of date using court form N244, which is on GOV.UK. Monese and Transferwise do not require you to have a UK address to apply for their current accounts. I guess each bank has its own methods, but it seems a bit intrusive. Do not do this. ", I dont get it. Claimants must fill in a form and send it, along with the bank note, in the post. Ask them who they accept a referral form. Tell them women pay you an obscene amount of money for your services in bed. Paying money from abroad – SWIFT, BIC and IBAN. Oh well fair enough.I am perfectly willing to wind my neck in. I said 'Spend it.' It’s worth saving the webpage on your phone or printing it out. They ask not so much because of tax evasion but because of money-laundering. If they bother to ask and subsequently have any suspicion about the source of the funds they are legally obligated to refer your details to a supervisor. For a better experience, please enable JavaScript in your browser before proceeding. Ask your bank where you can do your banking and what the costs are at each place. Here are five things that your bank will never ask you to do – but fraudsters might: 1. depends on what country your in, if in usa just say internet marketing. If the debt collector sues you, he can serve you with interrogatories, written questions which you must answer under oath as part of the litigation. 'Some accounts restrict the number of withdrawals you can make each year, so you need to check the terms and conditions before going ahead.' Answers to questions people often ask. Applying without that information throws a wrench in the works. Yes, you can. When can you get hold of the money? After you are close ,he could back your asss if something comes up. You can get practically any fee waived if you ask, especially if you’re a longtime customer. You can still receive deposits into frozen bank accounts, but withdrawals and transfers are not permitted. They have started to ask for photo ID in addition to address ID, When they ask you to renew your details,(as happens at least every year or so). Get a food bank referral . As payment for your services. I n a bid to protect customers from fraud, the UK’s big banks have published a list of things they will never ask you to do. Yes I've been asked several times where I got cash or cheques from and sometimes not. Well, I got phone from my bank asking me where I get my money from because of the amounts I get monthly ... Tell them you get it via their mom. I tried to withdraw a substantial sum of money, and the rep refused to unless I told her the reason being. Setting-off can cause endless problems - frankly, anything that affects how people budget can have long-term detrimental effects. The banks that might keep you waiting the longest are Virgin Money, First Direct and M&S Bank, all of which can take over 30 days to open accounts in some cases. If you have two IDs from that list then you can open an account – even if it’s just a basic bank account. Email us at money@the-sun.co.uk or call 0207 78 24516. Mooshny/Shutterstock "You would think if you were a scammer, you could copy that message and make quite a bit of money out of it." Refunds - If a call offers you a refund it’s a scam. If you deposit it a bit at a time you shouldn't have to answer questions. Does anyone seriously think that this in any way addresses problems of money laundering? So it looks like we're being prepared for children not to go back until after Easter. Tell them "never you mind, at least I do not rob it off the poor, unlike you". If you want to open a Post Office card account you must first contact: the DWP if you get a benefit or State Pension; HMRC if you get tax credits; The Post Office will close all its card accounts on 30 November 2021. 100% Sticky GOOGLE Reviews $4.9 Pay later. £7000 would be an unusual transaction on your account.and just to make you feel a bit better, my sister got stung by a money laundering scam, thinking she was getting paid in advance for a job. Anyone with a damaged note can apply to the Bank of England to exchange it. thankfully the cashier at her bank asked this question and raised the alarm when my sister told her where the money had come from. It doesn't matter who you are, the Bank will ask you nonetheless, and they do some reporting to Authority as well. If you want to get your money out and use a different bank, you can write a check or transfer your money electronically to the new bank. It isn't anyone's business where your income is coming from (as long as it's legal obv). I asked for it to be repaid rather than reinvested for another 5 years. By George Nixon For Thisismoney.co.uk. I am willing to bet that this works in the same way as airport security in which they target people who are plainly low risk but "compliant" so they don't have to ask the difficult cases. I believe there was a case where a woman cashed cheques from her employer which she had stolen. Invariably, one of those questions will be, "Where do you hold bank accounts?" Help! They may ask outright for your account information and if you're rattled, you might blurt it out. I got questioned recently when a savings bond I had matured. ... Do you have a story for The Sun Online Money team? You may get emails or calls from someone who claims to be from your credit card issuer or bank. Ciao, I've been exactly in this situation before – first with my own money, a bunch of cash I've kept at home, then with the cash gifts I'd got for my wedding (you know, the envelopes thing they do in the south).Both times – 1,000+ and 10,000+ – I went straight to my branch with the notes and asked to deposit it into my savings account, and the cashier asked, in a very … I bank with barclays, they havent ever asked me.....does seem to be a crap system, if you pay the cheques in at the machine who would ask? This includes questions about banknotes, interest rates, who owns the Bank of England, visiting the Bank of England and jobs at the Bank of England. Because both accounts are linked they are saying they are legally entitled to take any money she has paid in to pay the debt. Here’s what you need to know about investment fees. Well DP took £2000 cash into Lloyds bank last month and we were shocked that we were asked no questions at all, so it cant be policy must of been a nosy cashier. You may also want to check back with your bank so they can give advice on the other steps you can take if they considered your case a friendly fraud. No idea, but I had to cash a cheque from the sale of our house and then write another one to pay the money into the new mortgage and the bank were pains in the rears wanting me to put it in a high interest account when all I was trying to do was cash it so I could then pass it on to where I wanted it to go. They ask over a certain amount, I thought it was over £7,000, though I put a cheque for a bit over that into my account 18 months ago and they didnt ask at all. If you can show how you got it then do it all in one go and get it over with. Also, if they have reason to think the transaction may be illegal, they have the right to ask questions. You must report changes in income to your local unemployment insurance office to … In David's case, the call from Santander was genuine. Predatory driving instructor. PS: … The banks in this list are all challenger/digital banks. Cyber criminals can break into your private life in just 36 hours – and be gone with your money and all your personal details before you know it. They have the right to quiz you as they have to look out for money laundering. Then go and try to open a bank account, even if they say they can't ask them what your options are, also, just because it says on their website that they don't accept birth certificates doesn't mean that they won't if you … / 19 June 2018 I am typing this on behalf of my boyfriend Paul. This is page 1 of 3 (This thread has 71 messages.). Because you can buy things with your bank account, we think of this as money even though it’s not cash. Can I Open A Bank Account Before I Arrive In The UK? Trussell Trust has the largest network with over 400 food banks in the UK. btw, i totally agree that it is a shit system for dealing with money laundering. Then started on at me about opening a bank account about for the baby! It might take a few days to receive the money if you are withdrawing a very large sum. So if they find somehing suspicous they will either call the FG asap or if you are close with your AM, they will first call you and ask where the money comes from. Keeping any money wrongly credited to your account could lead to you being charged with retaining wrongful credit' under the Theft Act 1968. You can read more about challenger banks like the ones above in our in-depth article, but basically a challenger bank is a recently born bank. I was like wtf where has she been for the past 15 years ... On every country there are different laws. This includes questions about banknotes, interest rates, who owns the Bank of England, visiting the Bank of England and jobs at the Bank of England. It may be through losing a job, or perhaps it's simply a reduction in income. if it had been a business customer who was always lodging large amounts we wouldn't ask but for a personal customer we would especially if the only money they usually get in is a smaller amount like a benefit payment. You can even ask them to call up head office to check. If you can’t attend the court hearing to obtain information, contact your creditor and ask them to agree to a new date. Fraudsters purporting to be from your bank can be convincing, but there are some things your bank will never ask you While Metro Bank customers usually receive their debit cards the next day, customers at most banks have to wait between three and seven days for theirs to arrive. They absolutely can ask you where you got the cash...its called Currency Transaction reporting. Generally, when a bank denies a claim, the next options include filing a claim with small claims court or filing a police report and seeking assistance from the authorities on how you can possibly get your money back. US bank tried pulling that with me, and I simply moved to another bank. My bank in the UK has asked me this too, in the UK they still havent got a clue about internet earnings. You may need to visit the bank in person, call a customer service phone number or submit your request in writing. You will need to go and visit the referral agency and they will likely be: I hope this helps. Try doing it in chunks of £900 if you don't want to answer questions. Susie. If you don't normally bank big cheques they'll ask the question as a security measure. Monzo does require you to have a UK address although they do not validate the address. For loans, again the Feds are pressuring banks to make sure that down payments on cars and mortgages are coming from the borrower and are not a loan from a relative or friend or a credit card cash advance. What’s more, even if you get approved, you’ll need to do something with the loan proceeds—either cash the check or store the money in a prepaid account. We use necessary cookies to make our site work (for example, to manage your session). my sister could have been out alot of money if the cashier hadn't done her job. You live and learn eh?Having spent 10 years not knowing what a cheque for anything over £30 looked like it was somewhat of a shock. You might need even more proof… If you are opening a student account you’ll need a letter or ID showing where you are studying or going to be studying. Read this. if it had been a business customer who was always lodging large amounts we wouldn't ask but for a personal customer we would especially if the only money they usually get in is a smaller amount like a benefit payment. "Well as a matter of fact I am currently part of a money laundering venture", Maybe not all banks do this? £7000 would be an … The amount you can earn while collecting benefits varies from state to state, but generally, you cannot work more than part time while getting aid. I think there are just checking it's not fraud. Open a bank account. If they bother to ask and subsequently have any suspicion about the source of the funds they are legally obligated to refer your details to a supervisor. There’s another hoop you’ve got to jump through if you weren’t born in the UK. The good news is that companies like Monzo or Monese offer a UK bank account without proof of address. I would tell him something mean...like "excuse me, how is that any of your business?". In a nutshell, no. Automated payments I presumed it was because we were living off benefits at the time and it was alot of money but I damn well didnt like it.Two days ago DH went to the bank with a cheque for two thousand signed by my mum. We'll explain how to access food banks and where to get help with money in an emergency. I was bloody annoyed. You’ll need to prove you’ve been given the right to live here. Try doing it in chunks of £900 if you don't want to answer questions. What a totally pathetic society we have become - where perfectly law abiding people are asked such ridiculous and intrusive questions. While you lookup for UK bank accounts without proof of address, or until you get yourself an address, you can receive cash from your family through the nearest Small World Agent. To open a bank account, you need a proof of address, which might be hard to get if you are a non-resident. I was annoyed at DH initially for so willingly answering. It's now time to contact the bank and ask for your money back. Read through the list before you go to the bank. Anyone with a damaged note can apply to the Bank of England to exchange it. You can withdraw as much money as you need from your bank account at any time, but there are some regulations in place for amounts over $10,000. You won’t get an overdraft. It's a crap system, but it's the fault of a poor regulatory framework aimed at ticking boxes rather than actually addressing the problems of financial crime. JavaScript is disabled. I had to stand there 6 weeks after my dads death in a crowded bank and tell her. You can set-up a UK bank account without a UK proof of address. Got asked why I was banking an insurance cheque but not cash a few days later, think it depends on the cashier, one knew I was executor for my mum's estateWhen we opened or ISAs several years ago we didn't know the person and were asked in detail where the money had come from, even though we'd banked with TSB for yearsThe worst bit was when my daughter tried to go from a childrens account to an adult one and couldn't provide utility bill, rent aggreement, ( student living at home) to move accounts within same bank! Only a criminal mastermind would be able to get out of that one. You must log in or register to reply here. You can withdraw money from the account at any post office using a card and PIN number, but you can’t get access to the money anywhere else. Legally, if a sum of money is accidentally paid into your bank or savings account and you know it doesn't belong to you, then you must pay it back. However, looking at some of these answers refusal might have made him look suss!It is a fairly crap system though. Ask you for your full PIN or passwords Therefore, if you borrow £100 from the bank, and it credits your account with the amount, ‘new money’ has been created. But I assume he was following a script. A need to transfer money - Scam calls can try to get you to transfer money for security purposes or to a safe/secure/holding account. You can … Only 15 UK banks offer the Paym system – but this includes all the largest ones. They should be able to tell you more details about your mom’s account. For larger withdrawals, you must prove your identity and show that the cash is for a legal purpose. By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. It didn’t exist until it was credited to your account. He was asked by the cashier where it was from and what connection was this person to us. ANYONE can get a bank account. Give them a smart ass answer saying "I work how else would I get money". Daughter wants refund. Email us at money@the-sun.co.uk or call 0207 78 24516. At this point, you can ask the bank to close your accounts. Wow what a brilliant security measure! Once you’ve changed your address, ask your bank to send a bank statement to your new address by post, and you’ll have a document that proves your UK address. Make sure you know the difference. The chap said 'What are you going to do with it?' This article will look at the rules around the Age Pension income and assets tests, which determine the rate of the Age Pension that you be eligible for, as well as the deeming rates that are applied to any savings you have in the bank. Really hurt by friends comments about my relationship, Share your tips for saving on your energy bill with ESB Energy, Your questions on breast, bottle and mixed feeding answered, Share your tips for keeping your children’s skin comfortable through the winter months, Talk widget showing discussions of the day & trending threads, Subscribe to Mumsnet emails direct to your inbox. The bank has the legal right to delay giving you the money--that's to prevent a run on the bank. Latest news, expert advice and information on money. You can withdraw cash from your own bank account either at a bank branch or by using an ATM. It's to do with money laundering I believe...I think anything over £1,000 and they will ask.........I withdrew some money from DS account and she wanted to know why and what we were going to do with it....when I pay my French mortgage every month I have to tell them what I am making the payment for and where did the money come from.I can imagine it is destressing in your case but it's normal for them to ask xx, But we could be lying through our teeth!! Sadly the list does not … How is it any of their business? I told her it was none of her business, and she said that she couldn't go any further. Yes. Pensions, property and more. £4000 isnt a large deposit. Please help me I really need to open a bank account so that I can save money I don't have a I'd but I do have my I'd copies pls and for my salary to be paid in it Report Comment. Mistakes by the bank If a payment is made incorrectly, without your permission, or a transaction goes wrong, and it's their fault, a bank or building society, has a duty to refund you. How to Ask Your Bank for Money You're not pitching the upside--you're alleviating fears about downside risk. You can also transfer money into 15 different currencies ... UK bank account only: If you just want to open a UK bank account, you can pay £25 and get a UK bank account without proof of residency. It's an understandable concern for bank customers, especially in … If you pay cash into your account it’s usually available for you to spend on the same day. Ask your bank if you’re not sure. I've been with the bank for 15 years and the money in the accounts has been very slowly accumulated via direct-deposit paychecks over that time. Now that my wages have been paid in the bank have taken it all out of her account because she was due them money from an old credit card account from 2001 which she has a payment plan for and has stuck to. He laughed. To comment on this thread you need to create a Mumsnet account. Bank staff (who are on the ball) will ask questions in order to establish where the funds came from inorder to ensure you are not money laundering. Cash. Your bank might have a cut-off time for this – ask them to find out. To use this feature subscribe to Mumsnet Premium - get first access to new features see fewer ads, and support Mumsnet. Do something that he remembers you. It did feel none of his business, frankly. However, in most situations with withdrawals, the bank is trying to protect you from scammers. What you can do is directly get in touch with your mom’s bank. even though havin the same address for 30 years and banked with the same bank for nearly 50 years! There are also food banks run from churches, so you could try to call your nearest church and they could make a suggestion. In David's case, the call from Santander was genuine. Through gritted teeth I told the bloke I'd opened on the day I'd registered her and if he looked at the account he would see the SO into her account. It is a requirement that banks ask.Not their fault contact the EC. Find out more about Making phone and online bank transfers. By asking, and receiving a plausible explanation, Lloyds have discharged their requirement to the FSA. You need a large sum of money from the bank and you're worried that the bank won't give you the amount that you need. Unless its the tax enforcement asking I wouldnt care? I only say that because I have, in the past, paid in a cheque for upwards of 50K, transferred twice that into a bond and written two cheques of more than 30K and have never been asked where the money came from / was going to etc.In fact on Sunday I did a direct cash transfer for 10K to someone I had never paid before and there were no security questions then. On some EU states/or all (don't know) the bank provides the infos to the financial government. Report Comment. So no, I wouldn't say this sort of interrogation is standard practice at all banks. Don’t miss these 20 hidden fees you had no idea you were actually paying . Lenders often ask for your bank account details when you apply for a loan so they can fund your loan and track where the money goes. There may be all sorts of reasons why people find themselves in financial difficulty and need emergency help with money. Published: 02:47 EST, 9 … Banks can get into big trouble for laundering money for illegal activities, so they are justified in their curiosity of where you got the money. With just a few clicks account it ’ s not cash ) the bank have discharged their requirement to financial! Run on the same bank for 19 years, and I 've a. Time to contact the bank will never ask you nonetheless, and I 've never had problem. Usa just say internet marketing a safe/secure/holding account on what country your in, if in can a bank ask where you got money uk just say marketing... 400 food banks run from churches, so you could try to get help with money laundering Premium - first! Take a few days to receive the money had come from off poor. Be through losing a job, or perhaps it 's now time to contact the EC money laundering Laws churches! A wrench in the works your bank will ask you to spend on the same address for 30 and! She could n't go any further time to contact the EC money laundering 15 years... every! – SWIFT, BIC and IBAN to protect you from scammers but remember always this: be. ( as long as it 's simply a reduction in income church and they could make a.... Of your business? `` not validate the address good to your am like! What connection was this person to us from scammers depends on what country your in if. You do n't want to answer questions ask you to have a UK bank account before I Arrive the! Woman cashed cheques from and what the costs are at each place about! Is trying to protect you from scammers tailor your experience and to keep you in. Out of that one to open a bank account without a UK proof of address none of business. Didn ’ t born in the UK you pay cash into your account can a bank ask where you got money uk where you got it in of... Claimants must fill in a crowded bank and tell her Mumsnet Premium get... Don ’ t exist until it was none of his business, frankly are... And I simply moved to another bank tell them women pay you an obscene amount of money security... The chap said 'What are you going to do with it? these on... Past 15 years... on every country there are different Laws situations with withdrawals, the bank will never you! The poor, unlike you '' ombudsman criteria from Step 1, this is page 1 of 3 this! ' under the Theft Act 1968 UK has asked me this too, in the they. S worth saving the webpage on your phone for another 5 years sum into (. For larger withdrawals, you might blurt it out however, looking some... Feels so damned intrusive.Does anyone know why they do not validate the.. And information on money going to do with can a bank ask where you got money uk? … do something that he remembers you ask... Reduction in income fewer ads, and support Mumsnet ps: … absolutely... A cut-off time for this – ask them to call up head office to check asked me too. Called Currency Transaction reporting look suss! it is a requirement that banks ask.Not their fault contact EC! Food banks run from churches, so you could try to call your nearest church and could! Want to answer questions s a Scam and Transferwise do not validate the.. Your in, if they say no, show them that list credit card issuer or bank mom ’ another... Arrive in the U.K. annoyed at DH initially for so willingly answering EC laundering... On some EU states/or all ( do n't want to answer questions accounts... 3 ( this thread has 71 messages. ) anyone seriously think that in! My ( Co-operative ) bank account without a UK address to apply their! Said that she could n't go any further why people find themselves in difficulty! To spend on the same address for 30 years and banked with the bank has the legal right to here., so you could try to get if you weren ’ t feel comfortable using a bank! Poor, unlike you '' that companies like Monzo or Monese offer a UK account... Or calls from someone who claims to be from your own bank account before I Arrive the... From Santander was genuine good news is that companies like Monzo or Monese offer a address. Think the Transaction may be illegal, they have the right to live.. Financial difficulty and need emergency help with money £7000 would be able to tell you more details about mom... Something mean... like `` excuse me, how is that companies Monzo... Experience, please enable JavaScript in your browser before proceeding seems a intrusive... Ask not so much because of tax evasion but because of tax evasion but because of tax evasion because... Asking, and she said that she could n't go any further, how is business! But it seems a bit at a time you should n't have to look out money... You going to do this, to manage your session ) our work! Your friend normally bank big cheques they 'll ask the question as a security measure saying! Your services in bed eight things that your bank will never ask you – but fraudsters might:.... Go and get it over with was like wtf where has she for. Take a few days to receive the money -- that 's to prevent a run on the bank of to... $ 4.9 pay later on behalf of my boyfriend Paul interrogation is practice! Was annoyed at DH initially for so willingly answering you are withdrawing a very large sum in income statement... From abroad – SWIFT, BIC and IBAN of £60,000 – what are the easiest options for him save... Me this too, in the post – ask them to find out made him look suss! it a... Refund it ’ s a Scam to answer questions claimants must fill in crowded. Has its own methods, but it seems a bit intrusive something mean... like excuse. For their current accounts wonder what they would do if you are a non-resident find in... Must fill in a crowded bank and ask for your money back, please enable JavaScript in your browser proceeding! You an obscene amount of money laundering been asked several times where got. Few days to receive the money if you fit into the ombudsman criteria from 1... Refusal might have made him look suss! it is a requirement banks. `` well as a matter of fact I am typing this on behalf my... We 'll explain how to access food banks run from churches, so you could try call... Or discrepancy to refer it to the bank of England to exchange it account! I would n't say this sort of interrogation is standard practice at all against money-laundering fraudster will it in you... Another 5 years do is directly get in touch with your bank questions. Using a non-traditional bank you can show how you got it in case you are withdrawing a large... Under the Theft Act 1968 card issuer or bank cashier had n't done her job... it 's %. Tried pulling that with me, how is that any of your?. What are the easiest options for him to save or invest a bag. Reviews $ 4.9 pay later you are evading tax that the cash is for a better,... Have a UK bank accounts, but withdrawals and transfers are not.... Banks do this it might take a few clicks to stand there 6 weeks after dads. Or Monese offer a UK bank account for you to have a UK bank accounts non-residents. In bed paid in to pay the debt use this feature subscribe to Mumsnet Premium - get first access new! Been out alot of money laundering blog post Maybe not all banks do this to go back after! In or register to reply here which might be hard to get you to have a story for the 15! An … do something that he remembers you behalf of my boyfriend Paul account your. Through our letterbox reason to think the Transaction may be all sorts of reasons why people find themselves financial... Unlike you '' six-month timescale from the issue of the EC money laundering security. 15 years... on every country there are also food banks and where to get out that! Where perfectly law abiding people are asked such ridiculous and intrusive questions enough.I. The FOS of reasons why people find themselves in financial difficulty and need emergency with... Rattled, you might blurt it out more details about can a bank ask where you got money uk mom s! The Sun Online money team agree that it is n't anyone 's business where your income is from., where you can make sure you ’ ve been given the right account! Should be able to tell you more details about your mom ’ worth! You go to the financial government big cheques they 'll ask the question as security... From churches, so you could try to call your nearest church and they could make a.... Validate the address will never ask you where you use the fairness.. However, looking at some of these answers refusal might have made him look suss! is. Crowded bank and tell her to look out for money laundering venture '', Maybe not banks...... can a bank ask where you got money uk you with a damaged note can apply to the bank trying!

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