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HSBC refused to give cash cheque

oo1spot · 2013-12-18 00:45:26

I went into my local branch of HSBC who I bank with to cash a £6000 cheque from my own HSBC account. I was asked what the money was for as their policy(as of 3 weeks ago) requests this information, I said its for my own use. They said they do need to know so I said its for things they then called the manager. The manager…

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PaulW922 Posts: 1,039 Forumite

20 December 2013 at 8:55PM

dktreesea wrote: »

HSBC may have just decided to adopt the U.S. regulations (all transactions over USD$10,000 have to be reported/declared to the government) worldwide. Maybe £6k is worth around USD$10k these days?

It isn't that - they are applying their own AML controls and are not satisfied with the explanation given. £8k in cash for builders with no paperwork probably sounds like tax evasion (not by the OP but by the builders).

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