Large sum of cash

IvanDP

Given all the scare stories about bank accounts being locked due to suspicious activity when making large deposits, I am after some advice on behalf of my partner.
Many years ago, (before we met) due to circumstances beyond her control. she was left homeless and penniless.
Since then, and against my advice, she has squirreled money away at home in a safe.
I have finally convinced her it is not safe and it should be somewhere more secure.
Now we have the problem of how to deposit such a large sum of cash into a bank without raising suspicions.
All advice would be greatly appreciated.
(Any further details can be supplied should they be needed)

J_B

how much??

IvanDP

J_B said:

how much??

Around £17,000

nologo

My suggestion would be to open a new, not shared, separate account with another bank, and drip feed it into that, then see how that goes, I'm sure others would have other ideas,

NedS

Switch your daily spending to cash rather than plastic allowing your income to accumulate in the bank until it's gone. If you use a credit card, pay the bill in cash each month over the counter.

ZeroSum

That sort of issue is probably quite common with elderly relatives

Thrugelmir

Are the bank notes still legal tender? 

IvanDP

In reply:
Switching daily spending to cash would take months (maybe even years) to get through that amount, especially in the current climate.
As for using a credit card, she doesn't believe in them and even if she did, paying bills at the bank is a nightmare during this coronavirus 
Yes, all the notes are current.
Biggest problem we have is how to get such a large amount of cash into a bank in one go.

NedS

IvanDP said:

In reply:
Switching daily spending to cash would take months (maybe even years) to get through that amount, especially in the current climate.
As for using a credit card, she doesn't believe in them and even if she did, paying bills at the bank is a nightmare during this coronavirus 
Yes, all the notes are current.
Biggest problem we have is how to get such a large amount of cash into a bank in one go.

When paying in such large amounts you will most likely be asked to account for where the money came from. If you are able to do that, then it's not an issue. If you are unable or unwilling to account for where the money came from then drip feeding it into an account or spending it naturally over a period of time is probably your next best option. What else did you have in mind?

digalumps

When all else fails the truth is probably the best option

tell your bank where the money came from and asked what is the best way to deposit it

I am surprised all the notes are current given that the £20 and £10 note have been changed relatively recently

General_Grant

digalumps said:

When all else fails the truth is probably the best option

tell your bank where the money came from and asked what is the best way to deposit it

I am surprised all the notes are current given that the £20 and £10 note have been changed relatively recently

But the predecessor £20 paper notes were first issued in 2007 and are still in circulation with no withdrawal date announced.