Help with withdrawn Elgar £20 note

TREVORCOLMAN

You could take so many at a time of your (sorry your "friend"s :rotfl:) notes to different banks.

This would make you (sorry your "friend" :rotfl:) not appear so suspicious!

:rotfl::rotfl::rotfl:

Job for cash mate - yea sure but not them old £20 notes.

:D:D:D

compo.dave

gravitytolls wrote: »

Does the rellie have no accounts at all?

They have a post office account for pensions and thats it. The situation makes it hard to open an account in their name with ease. The husband has just gone into full time care with advanced alzheimers disease and the wife is blind with heart trouble and a number of other problems.

in addition she is set in her ways and will not open a bank account. I feel I should help but am worried if I do the wrong thing I will get myself in to deep or lose them some of their hard earned savings

amus

Where do you bank? I worked for Natwest and you didnt have to pay into an account, the notes could just be exchanged as long as you could prove you held an account with us. But to be honest I dont ever remember exchanging more than £1000ish in old notes so I would advise that you ring you local branch and check to see where you stand. Otherwise as somebody has already said you could change them with the bank of England.

[Deleted User]

compo.dave wrote: »

An elderly relative who like many older people (and younger) has a deep distrust of banks and for many years has unfortunately been hording their savings at home.

Catspajamas

rev_henry wrote: »

By law if you're carrying over £10k in cash (I think that's the amount) you must have a letter or something similar from the bank saying where the money is from and what its for, but I don't know if the bank would be funny about changing all those notes or not really.

This is not true, there is no legal limit to the amount of cash you can carry. I work in a bank and we quite regularly get people paying in large sums of money. Has your relative not got any form of account? A lot of elderly people seem to be ok with the idea of a building society passbook account which the money could be paid into.

In my experience you wouldn't get too much trouble paying that amount in, but drawing large amounts back out maybe a problem. Legally the cashier must report for investigation anything they feel is suspicious so you might get flagged up for an internal one, but that is a long stretch from getting the law involved.

I personally would not do this through my bank account as although it's perfectly legit in where the money has come from in your eyes, it seems a little weird for you to do this for someone else and technically it's money laundering.

bookduck

You know those little self-service payment machines in morrisons, well they still accept old £20, even though the tellers don't