HSBC refused to give cash cheque

1jim

Would they rather have people taking them to the ombudsman?

If I ask my bank for cash, have given the required notice and provided the required id I would be wanting my cash. If I'd wanted a cheque or electronic transfer I'd have done that.

Electronic payments are great and am sure they provide great audit trail, it doesn't buy me my new car off a private seller though

And let's be honest, if someone is really money laundering, they aren't going to do it this way are they. It sounds like a knee jerk reaction that inconveniences joe blogs, much like the not selling you alcohol in a supermarket if you go shopping with the kids as you can't prove you won't give it to them.... It seems there has been a shift to everyone proving they are innocent and aren't about to commit a crime which is nigh on impossible half of the time

oo1spot

Thanks to all. Just to clarify. It was a chq for cash not to transfer between accounts. I did have ID with me. The suspicion probably arose because I said for 'things' without being specific but my view was its my money to do what I like, gamble it away or stuff it in a mattress. who are HSBC to tell me what to do with my money and ask for receipts and evidence. I went today to another HSBC branch and got £4000 in cash without any hassle apart from a couple of security questions. so I guess the 'secret' limit must be around £5000. However while waiting for 'authorisation' the man next to me not only wanted some forex but also £10000 cash. he was being asked similar questions as to what the money was for etc. I didn't hang around to see if it went as far as what proof or evidence they wanted or they were just happy with the replies. I suppose the trick is give them the kind of answers they are looking for without arousing suspicion, even though its an invasion of privacy. In quite a few areas, you do get a discount for cash. Is any of this worth complaining to the FSA or someone as I'm not sure technically they can legitimately keep your money if you can't provide proof of what its for, say for example, buying a second hand car when the seller only wants cash.

jonesMUFCforever

Why not start a complaint?
If you had to make separate journeys why not submit a claim for your journey costs>

Me thinks you will get 45p per mile + around £25.

matttye

Wow I'd get rid of them pronto. None of their business.

jonesMUFCforever

JuicyJesus wrote: »

"All" is a bit strong.

But if people are paying in cash and getting a discount as a result, which appears to be a common thing, where else precisely do they think savings are being made? If you're doing it legitimately (business account, proper accounting, tax being paid etc.) it's more expensive for the merchant to take cash...

Most builders will have 2 sets of accounts - one for the taxman which will show negligible profits - so no tax to pay and another for the bank when they want a loan!

NowRetired

A few years ago I wanted to withdraw £1350 to pay someone who laid my patio from the RBS.

They wouldn't give me it because I had no ID on me.

I had to go home and get my passport.

I now bank with BoS and if I know I am going to pay a large sum of money I start withdrawing the maximum every day from an ATM.

Once had £10,000 under my mattress :rotfl:

Archi_Bald

NowRetired wrote: »

A few years ago I wanted to withdraw £1350 to pay someone who laid my patio from the RBS.

They wouldn't give me it because I had no ID on me.

That's good because it means they verified that you are indeed the account holder. I would be rather worried if they didn't insist on people passing ID checks.

Twopints

jonesMUFCforever wrote: »

No they are not but IMO they are all guilty of tax and VAT evasion.

They're just not as good at it as the banks

opinions4u

Twopints wrote: »

They're just not as good at it as the banks

Although the banking sector paid more tax to the UK exchequer than any other industry in the last decade.

Hominu

NowRetired wrote: »

I now bank with BoS and if I know I am going to pay a large sum of money I start withdrawing the maximum every day from an ATM.

and within a few days your card will be eaten for "suspicious and non-usual activity".