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Over 100,000 pounds in bank account

Accou3 · 2019-12-28 01:22:28

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.

Comments

Eco_Miser Posts: 4,928 Forumite

29 December 2019 at 3:30PM

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.

If you read the T&Cs of your account, you might find that there is a limit of £1 million or £5 million or some other high figure. Certain savings accounts have much lower figures.

Eco Miser
Saving money for well over half a century
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