Over 100,000 pounds in bank account

blue.peter

I wouldn't worry about it.

After my father died, my mother sold their house and the proceeds went into her current account. The amount involved was considerably more than £100,000. Soon after, she transferred the money to her investment account. (She'd moved into a care home, and so didn't need to buy another house.) She had no problems.

I assume that your concern arises from the idea that you might be thought to be money laundering? I think that that's something that would be handled at head office level, rather than the local branch.

Ergates

Accou3 wrote: »

Hi,

I have over 100,000 pounds from sale of flat i want to deposit in my bank account.

Would I be arrested if I went into a branch and asked for a bank statement with that amount in my account?

Not many folk have that amount in their account you see.

Obviously it’s over the 85k limit.

Lots of people have more than £100,000 in their bank accounts. For starters, house sales are common

Your bank already knows you have more than £100,000 in your account, asking for a statement won't change that.

Having more than £100,000 in your account is not an arrestable offence.

The £85,000 limit refers to the Financial Services Compensation Scheme - it is maximum amount the bank will pay you back if your bank collapses. However, for short periods of time, up to £1Million is covered - so that people who temporarily have a load more money in their account (e.g. following a house sale) don't lose out.

i.e.: No

Edi81

Anyone else thinking that the OP is a troll from reading their other posts???

MattSt89

I was wondering what the OP was referring to when they mentioned the 85k limit.

I was going to ask what these people do that won millions on the lottery.

I understand now though with the 85k referring to compensation.

Cassie1952

I always believed that you could have as much as you like in a bank, but that over a certain amount might affect benefits if you receive them.

Hasbeen

Cassie1952 wrote: »

I always believed that you could have as much as you like in a bank, but that over a certain amount might affect benefits if you receive them.

Sorry its from a red top paper but gives some insight.

Some benefits are allowed.

https://www.thesun.co.uk/news/10558436/millionaire-family-claiming-3k-benefits/

EssexExile

Cassie1952 wrote: »

I always believed that you could have as much as you like in a bank, but that over a certain amount might affect benefits if you receive them.

Of course means tested benefits may be affected if you have lots of money.

diggingdude

I think it depends whether the house sale was legit or not. So go on.... who are you money laundering for?

[Deleted User]

I want to know who stole to OPs £ key?

BikingBud

Nigerian scam, they'll be asking someone to look after it for them next:cool: