REFUSED by HSBC/Firstdirect a deposit of cash

takman

grumbler wrote: »

>> Banned from banking in the UK? Help!

Receiving a payment from someone who you have met and is about to buy your car is very different from receiving a payment from an unknown person online from an unknown location!

takman

Heng_Leng wrote: »

Good for you - I'd still take cash over your 'idea'
Fifties & hundreds worked fine last time I bought a car.

Cash is very inconvenient:

-You have to visit a bank to withdraw it or deposit it
-If it's stolen you loose your money
-Some notes may be fake

But when you compare that to an online instant transfer which is done in seconds then there really is no reason to use cash.... Well unless I buy a car off someone like you who is stuck in the past and who will insist on it!

grumbler

takman wrote: »

Receiving a payment from someone who you have met and is about to buy your car is very different from receiving a payment from an unknown person online from an unknown location!

When the bank will arrogantly close your account and blacklist you, they will not bother to give you an opportunity to defend yourself by explaining them that you did check the someone's driving licence.

ceredigion

Ballard wrote: »

It ain't perfect but I feel that it's better than simply doing nothing and letting the criminals help themselves. It should also be remembered that the banks aren't stopping anyone depositing cash. They just need to be shown where the funds came from. Is that such an onerous task?

So I just sold a car for £8000. The punter signs the v5 and goes home in his new car. What do I have to prove to a bank that I sold a car ?

ceredigion

takman wrote: »

I would say the best way to sell and £8000 car is to receive payment by bank transfer. First get them to send 1p to check all the details are correct. Then send the full amount for payment.
You have the money instantly in your account and don't have to risk carrying around large sums of money.

A new payee and £8000. I wouldn't assume the payment would be instant.

takman

grumbler wrote: »

When the bank will arrogantly close your account and blacklist you, they will not bother to give you an opportunity to defend yourself by explaining them that you did check the someone's driving licence.

The point I'm trying to make is that someone who you meet personally and know has a UK account and has UK identification is unlikely to trigger a fraud alert on your account.

takman

ceredigion wrote: »

So I just sold a car for £8000. The punter signs the v5 and goes home in his new car. What do I have to prove to a bank that I sold a car ?

You show them the signed V5 which shows the person who bought it and the date it was transferred before you send it off. I make a copy of this before I send it off anyway.

ceredigion

takman wrote: »

You show them the signed V5 which shows the person who bought it and the date it was transferred before you send it off. I make a copy of this before I send it off anyway.

:rotfl:
The car I sold was £50. The £7500 came from the VAT that didn't get paid

System

Until they say that you are a scammer and get their bank to arrange for the funds to be returned.

takman wrote: »

The point I'm trying to make is that someone who you meet personally and know has a UK account and has UK identification is unlikely to trigger a fraud alert on your account.

grumbler

takman wrote: »

The point I'm trying to make is that someone who you meet personally and know has a UK account and has UK identification is unlikely to trigger a fraud alert on your account.

Moot point.
"Meet personally" - this hardly makes any difference.
"Has a UK account and a UK identification" - are you saying that there are no fraudsters in UK and they all are abroad? - This is ignoring that the 'identification' can be fake and you are no expert to check this.

My point is that as a result of AML regulations designed by stupid lawmakers and being implemented by even less clever and unpunishable banks' servants, law-abiding people can easily find in themselves in an awkward position of being unable to make a perfectly legitimate transaction without taking a risk of getting blacklisted for some alleged fraud.