Not Secure!

[Deleted User]

I've just paid a cheque into my Lloyds current a/c this afternoon, "Have you got plans for this" she said. "Yes" I replied, expecting the usual hard sell and an invitation to see the financial adviser. "...only we don't recommend you leave this amount in a current account for more than a fortnight for security reasons".

I've heard it all now, the bank are advising me not to put money in my account because it's not secure! :rotfl::rotfl:

catflea

Common ruse to get you to put it into savings / open a savings account

Old_Wrinkly

It's either true (in which case you need to worry)
or it's a lie (in which case you need to worry). :mad:

iltisman

I get this every time I put a cheque in to my bank ,then they say have you spoken to
David about your account.I ask who he is and I am told he is an advisor. I usually ask if he drives a diamond encrusted gold Rolls Royce, if the answer is no I am not interested.

Rupert_Bear

I always use the deposit point in Lloyds. That way there is no dialogue.

catflea

Well, if its not secure can I have my cheque back please? and all the rest of the money in my account?

Then watch the backpedaling!

Paul_Herring

jack_pott wrote: »

"...only we don't recommend you leave this amount in a current account for more than a fortnight for security reasons".

Did you press her/him as to why it might not be secure?
How much was the amount by the way? >50K?

dzug1

I suspect that in a roundabout way money laundering comes into this - they are trying to cover themselves even if only indirectly.

justbcuz

:eek::rotfl:would it be safer in a shoe box under the bed? Banks. Tsk.

vaporate

Typical savings account sales technique.

Better than selling credit I guess.

Bloomberg

jack_pott wrote: »

I've just paid a cheque into my Lloyds current a/c this afternoon, "Have you got plans for this" she said. "Yes" I replied, expecting the usual hard sell and an invitation to see the financial adviser. "...only we don't recommend you leave this amount in a current account for more than a fortnight for security reasons".

I've heard it all now, the bank are advising me not to put money in my account because it's not secure! :rotfl::rotfl:

Banks advise customers not to keep large amounts of money in their current accounts in case of their debit card being cloned. Although the chances of this happening to you as an individual are slim it is advice given by all banks. My friend has a partner who works at Barclays and she said that they advise customers not to leave more than five hundred pounds in their current accounts.

In days gone by when interest rates were higher there would have also been the issue of missing out on interest. I hope this helps, all the best.