Transferring Cash into Bank

Ryse

I have some cash savings of £1500 and I'd like to transfer this to my bank account. I'm also going to be applying for ESA soon. I just worry that transferring this large some of money into my account may look dodgy when they ask to see my bank statement. Will it be ok?

paragon909

Ryse wrote: »

I have some cash savings of £1500 and I'd like to transfer this to my bank account. I'm also going to be applying for ESA soon. I just worry that transferring this large some of money into my account may look dodgy when they ask to see my bank statement. Will it be ok?

£1500 isn't enough savings that they would deduct money from your ESA, And even if they did ask for bank statements you had the money before you claimed, So you wouldn't need to show or declare it. They normally only ask for bank statements at random when they request a benefit review or something like that.

Ryse

paragon909 wrote: »

£1500 isn't enough savings that they would deduct money from your ESA, And even if they did ask for bank statements you had the money before you claimed, So you wouldn't need to show or declare it. They normally only ask for bank statements at random when they request a benefit review or something like that.

But surely if I'm claiming an income-related benefit wouldn't they want some proof of my bank statements? If they see £1500 into my account they might think I've been getting money from somewhere.

paragon909

Ryse wrote: »

But surely if I'm claiming an income-related benefit wouldn't they want some proof of my bank statements? If they see £1500 into my account they might think I've been getting money from somewhere.

Having savings of under £6000 is allowed when claiming income related benefits, Once you go you over that you need to declare it and DWP may reduce your benefits accordingly. If you have over £16k in savings you cannot claim income related benefits.

When you claim ESA you don't need to visit the JCP to complete the claim like JSA, You just get the statement and sign it and send a sick note with it then DWP will process the claim, If for any reason they want to see bank statements they will ask. But when you start your ESA claim there is a bit that asks what savings you have anyway.

We may reduce your income-related Employment and
Support Allowance if you or anyone you are claiming
for has
l savings over £6,000
l money coming in each week. For example
– earnings from part-time work
– other social security benefits
– if you have a partner who is working less than
24 hours a week and has earnings
– personal or occupational pensions.
You will not be entitled to income-related Employment
and Support Allowance if your partner is working more
than 24 hours a week or they have savings in excess of
£16,000.

sportsarb

Ryse wrote: »

But surely if I'm claiming an income-related benefit wouldn't they want some proof of my bank statements? If they see £1500 into my account they might think I've been getting money from somewhere.

Not usually, no, if you say you have less than £5,500 they won't ask you for anything.

If someone is lying, and they have money in their bank account more than the £6000 lower limit then the big computer system in the sky usually catches them with a 'GMS referral'.