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Account deposit cash for relative

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  • Robin9
    Robin9 Posts: 12,784 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Her grandson probably doesn't want actual cash anyway
    Never pay on an estimated bill. Always read and understand your bill
  • Zanderman
    Zanderman Posts: 4,875 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Robin9 said:
    Her grandson probably doesn't want actual cash anyway
    Good point!
  • I have an elderly relative who doesn't trust and won't even register for internet or phone banking & likes to still draw out large amounts of cash and pay bills & shopping with cash where she can

    She wants to help her grandson with university by giving him varying amounts of cash when she has some left over in a month. She was going to send cash in the post. I told her this was not a very safe way & she should make a bank transfer, but she can't without registering for internet or telephone banking & simply doesn't trust it.

    The nearest branch is quite far & with covid she doesn't want to travel

    She has a local post office which possibly will allow cash deposits

    Obviously, she would prefer no fees to transfer the money so the grandson gets all of what she is giving

    The grandson currently has a Lloyds account. I was wondering if it was possible for her to make cash deposits into his account someway?
    The grandson is happy to open another account with another bank if it is any easier
    Thanks for your help
    Just as a cautionary tale, when I was at uni we had a big bag of mail that wasn't for us (usually for previous occupants) which we sorted through eventually and found a letter for a house down the street where some guy had sent his kid cash through the post, we did go down to the house and asked for the person by name and fortunately he lived there so he could get his cash, but a dishonest person or had they already moved, that money would be gone...
  • jbuchanangb
    jbuchanangb Posts: 1,338 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Another vote that the grandson obtains a paying in book, and sends it to his granny. Granny can then pay into his account by cheque or cash at her local Post office.
  • Daliah
    Daliah Posts: 3,792 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    To all the people suggesting using a cheque: whilst this is a sure way of transferring money to the grandson, doncha know it leaves a trace on grandma's account  :*
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