Banks and questions

Ben8282

IanManc wrote: »

I've heard Irish people use it for payments into bank accounts, and when I had a Bank of Ireland account 30 years ago I was given a book of Lodgment Slips and my statement had a column which referred to Lodgments rather than credits.

Thanks for this information

Narl

Yeah over here in Ireland they say ‘lodge’ into an account.

Yeah it’s a bankers draft, this is basically a cheque isn’t it?

I most certainly wouldn’t walk into a bank with
£20,000 cash.

Ergates

Narl wrote: »

Today my father took out £20k from his account and have £10k each to myself and my brother.

He was saying when he was down in the bank he was asked several questions. One of which was what is the money for? His reply was quite sharply it’s my money and I can do what I want with it!

When I lodged the 10k into my bank account (different bank completely) I was asked where I got the money, I just said it was from family which is completely true.

Is this normal for banks these days?

Vulnerable people (which includes elderly people) getting conned or coerced into withdrawing money from their accounts and handing it over to criminals is a common occurrence.

Your fathers bank were only looking out for his best interests, there was no need for him to have been rude.

Ergates

Ben8282 wrote: »

Sounds like part of some sort of deprivation of assets plan to me.

Bit of a stretch given the total lack of *any* other evidence to support that.

Don80

Narl wrote: »

It’s not like it’s £50,000 lol.
I can understand why they ask the questions though.
I just told the bank I lodged it into it was given to me by my parents which is completely true, they didn’t say anything else.

You know £20K is more than some people (including a typical bank cashier!) earn in a year, right? :rotfl:

olgadapolga

I was asked a load of questions when I wanted to withdraw £25k from my building society for my house purchase.

I didn't have a problem with the questions but was a little bemused by it as I asked for a cheque in my name so that I could pay it into an account at my bank (unable to do a direct transfer).

lozzy81

The bank teller did the correct thing in asking questions on what the money is/who for.
Sadly there are far too many scams going on.
If your father withdrew the money and handed it over to a conman your first question would be why did the bank allow him to withdraw it without question and your family would be up in arms!! Staff are trained to spot signs that customers might be a victim of fraud, too many people are rude and ignorant to staff who are doing their job and looking after their customers and their money, a poilet conversation to simply say it's a gift for my children to buy a car, house etc... isn't hard.