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Large sum of cash

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Comments

  • robatwork said:
    IvanDP said:
    Just extra cash from what she earned over the years.
    Herein lies your problem. That answer isn't going to convince anyone in a bank. They have to treat anyone as a potential criminal/money launderer. This answer is something a drug dealer might say.

    You won't be able to pay it in one go. Do you need a car? I'm sure a second hand car dealer would love cash. Nearly every tradesman likes cash. You can buy everything (fuel, shopping) with cash.

    I think you will find that the Car trade is covered by Money Laundering regulations also in terms of duty to report
  • sassy_one
    sassy_one Posts: 2,688 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    robatwork said:
    IvanDP said:
    Just extra cash from what she earned over the years.
    Herein lies your problem. That answer isn't going to convince anyone in a bank. They have to treat anyone as a potential criminal/money launderer. This answer is something a drug dealer might say.

    You won't be able to pay it in one go. Do you need a car? I'm sure a second hand car dealer would love cash. Nearly every tradesman likes cash. You can buy everything (fuel, shopping) with cash.
    Secondhand car dealers who take that kind of cash payment are most likely ones that also do not pay VAT and those outlets that disappear overnight.
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