Depositing a large sum of cash

18cc

it's sunday night in the uk agreed but elsewhere in the world....

eskbanker

18cc wrote: »

it's sunday night in the uk agreed but elsewhere in the world....

....it'll be somewhere between Sunday morning and Monday morning, depending on which side of the International Date Line they're on, but everyone has moved on from Saturday night!

18cc

You are forgetting - it's always Saturday night in Vegas ...

parking_question_chap

How about withdrawing £4,000 cash of your own money before the weekend tell them its for gambling. Be honest its your money and its perfectly legal to gamble.
Then go back on monday and pay back in a random amount like £16,070

Tell them you won it at a casino or playing poker. Obviously you will need to add details to your story. If all is well go back a few weeks later and pay in the rest.

stehouk

The atm won't ask questions, 1k at a time (50 note max) but you can keep paying in when it ask's if you want to make further transactions.
i think some are jumping to conclusions here, some are assuming questions will be asked when in reality they don't, iv'e taken over 10k in cash and payed it in with no questions and other times between 5-6k, thats why i said break the money down into smaller amounts.

eskbanker

stehouk wrote: »

The atm won't ask questions, 1k at a time (50 note max) but you can keep paying in when it ask's if you want to make further transactions.
i think some are jumping to conclusions here, some are assuming questions will be asked when in reality they don't, iv'e taken over 10k in cash and payed it in with no questions and other times between 5-6k, thats why i said break the money down into smaller amounts.

Bank systems and staff aren't stupid - if it was possible to circumvent AML controls simply by breaking larger cash sums into multiple smaller ones then there'd be queues of money-launderers out of the door every day! They're perfectly capable of spotting significant and unusual cash deposits into an account without them having to be made in one transaction....

The fact that you've paid in a significantly smaller sum than OP's can't be extrapolated to give OP the assurance that you suggest - nobody can say that they definitely will ask questions but equally it's rash of you to assert that they definitely won't if the money is paid in gradually, which is obviously suspicious behaviour in itself. Clearly an ATM can't ask questions but if you believe that exclusively using ATMs for this will mean that the bank is incapable of pursuing the matter with the account-holder then that's just naive....

stehouk

Obviously if you walk in a bank with 30k every day or weekly questions will be asked, but for the average person with an account in good standing and regular deposits I do not believe they would be overly concerned, I have never personally been asked.

Penelopa.Pitstop

metrobus wrote: »

What if the OPs father had kept a lot of cash at home,which was then distributed to him by the executor.Would he find it troublesome depositing it?

There was a post about someone finding £60K stashed in cash in father's house after his death and problem how to pay it into bank account. I don't remember seeing final post from OP how it was solved.

I would just keep cash and spend it over time. £30K is not that much.