large transfer from overseas into Santander

MarcoM

Hello,


I am expecting a transfer in the order of tens of thousands of pounds from overseas into my Santander current account.


Has anyone had any experience of receiving large sums from abroad into their Santander current account? Did you have to provide any extra security checks?


I am aware that banks tend to assume that money laundering is possible hence many times cause problems for customers with these type of transfers.


Regards,

[Deleted User]

I would call them to let them know.

If it's due to an inheritance or something then you may be asked to provide proof

MarcoM

I understand your advice and have tried that but from two banks I got two answers namely that they will ask for further info once the payment is made.
As usual the average call c operator does not understand this kind of situation.


This is actually incorrect advice as once an account is blocked for AML purposes they are not allowed to contact the customer anyway.

Westie983

You will get a more specific answer from speaking to Santander then to a forum, if the call operator doesn't understand get to speak to another one. Its a common request and transfers happy daily, and if you don't want to speak to someone on the phone a visit to your local Santander branch will be a more suitable option.

Is the account active and being used?
Is there a recent balance in the account?
Where are you making the transfer from?

These answers will enable you to know more if more information is going to be requested.

A nil balance account not been used since 2007 receiving a 10,000,00 transfer from Iraq, or Iran, or S. Korea, will more likely get stopped for questions then a payment into an account which has wages paid in used last week and and a 10,000.00 transfer from Spain from a house sale, or Solicitors payment.

Westie983