RBS withdrawing £3200 any problems?

Marcusp

I am buying a car from a friend and he wants paid in cash:eek: so I will be withdrawing £3200 from my RBS branch.

Will I need to phone them and tell them I am coming in or do I just turn up?

Marcus

Twister84

If it's a small branch, ringing up beforehand would be an idea so that they can have the cash ready for you.

Larger branches should be able to give you your money without prior notification.

Also, if you have a chip & pin card, and you know your PIN number, the transaction will be straightforward as long as the funds are cleared.

If you don't have a card, and/or a PIN number, be prepared to take in some ID, such as a current and valid driver's license or passport. A form will also need to be filled out & signed off.

Annisele

Then get him to open a separate account in his sole name, and pay the money into that - much safer for both of you.

(And if he's trying to hide money from his wife, I doubt he'll get anywhere - it's likely that she'll remember that he used to have a car!)

somethingtypical

You'll likely need ID, passport or DL, along with your chip and pin.

Bob_the_Saver

Marcusp wrote: »

I am buying a car from a friend and he wants paid in cash:eek: so I will be withdrawing £3200 from my RBS branch.

Will I need to phone them and tell them I am coming in or do I just turn up?

Marcus

You may need to fill out an anti-money laundering form for the government
stating what you need the cash for. I've put '21 year old - ladies of the night in Bangkok' and the 3.30 at Haydock Park, that usually shuts them up, it's none of their bl**dy business.

Makeandsave

When i went to the RBS, I rang up first because i was withdrawing a big amount. I did not need any ID because it was all chip and pin. I did take my passport etc just incase, They were great they even put the money in a envelope for me.

Fiddlestick

Bob_the_Saver wrote: »

You may need to fill out an anti-money laundering form for the government
stating what you need the cash for.

I believe that only kicks in when you are withdrawing 10,000 and over, the same limit at which you need to declare that you are importing/exporting currency at the UK border.

william_lamb

upto £4999 you dont need any id, just your chip and pin card.

Bob_the_Saver

Fiddlestick wrote: »

I believe that only kicks in when you are withdrawing 10,000 and over, the same limit at which you need to declare that you are importing/exporting currency at the UK border.

I had to do so for much much less at my own bank/own branch (Natwest)

chambta

Bob_the_Saver wrote: »

You may need to fill out an anti-money laundering form for the government
stating what you need the cash for. I've put '21 year old - ladies of the night in Bangkok' and the 3.30 at Haydock Park, that usually shuts them up, it's none of their bl**dy business.

Er, no you don't.

In my branch they don't exist.

CharlieBilly

I never got that when I took out a large amount a lot more than that recently. I just rang them to warn them but this was a bank transfer to mortgage company and they did ask where money came from

Bob_the_Saver wrote: »

You may need to fill out an anti-money laundering form for the government
stating what you need the cash for. I've put '21 year old - ladies of the night in Bangkok' and the 3.30 at Haydock Park, that usually shuts them up, it's none of their bl**dy business.