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cash paid into any savings account
jc79
Posts: 2 Newbie
Hi All
iv just sold my caravan for 7k to an old couple who paid by cash, will the bank accept this with out any problems as iv been told there is a 5k cap for cash paid into the bank, any more and they will have to contact the police and the tax office to investigate for money laundering.
many thanks jc79
iv just sold my caravan for 7k to an old couple who paid by cash, will the bank accept this with out any problems as iv been told there is a 5k cap for cash paid into the bank, any more and they will have to contact the police and the tax office to investigate for money laundering.
many thanks jc79
0
Comments
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The bank might ask where you got the money from, shouldn't be any problems if from a caravan sale.0
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what might the bank ask for from the sale0
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You won't have a problem paying the cash in, the cashier will ask you questions regarding the funds as part of being vigilant incase their anti-money laundering department get in touch to ask them about the funds.
Nothing to worry about.0
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