“Cash Credit”- Nationwide Statement - Could this mean something else?

Howard0123456789

I am doing an audit of a Nationwide Statement back in 2006 and the statement shows £17,000 Cash Credit.  I have 100% never paid anything like that figure into any bank account.  I think the highest would have been £500.00. 

Nationwide (over phone) only say it’s cash paid in but I know it can’t be.  Has anyone any idea? I think it might have been me taking this amount of money from a share trading account but there is no name mentioned only “cash credit”, the amount and the date.

Thanks for any guidance.

km1500

Unlikely to be cash. Equally unlikely to be something you didn't know about at the time as you would definitely notice your balance going up by that amount. Probably, as you say, something from another account.

Howard0123456789

Thanks for response. Very helpful...I will go into a branch and see what they say.

eskbanker

Howard0123456789 said:

I am doing an audit of a Nationwide Statement back in 2006

Out of curiosity, why are you doing this?  There's presumably no reason to doubt that Nationwide reported the status of the account accurately (and it would be rather late to expect them to take any action if not), but if you're trying to validate what was happening then you'd obviously need plenty of other data about your finances at the time, i.e. something to reconcile with....

born_again

Howard0123456789 said:

I am doing an audit of a Nationwide Statement back in 2006 and the statement shows £17,000 Cash Credit.  I have 100% never paid anything like that figure into any bank account.  I think the highest would have been £500.00. 

Nationwide (over phone) only say it’s cash paid in but I know it can’t be.  Has anyone any idea? I think it might have been me taking this amount of money from a share trading account but there is no name mentioned only “cash credit”, the amount and the date.

Thanks for any guidance.

So a payment 17 years ago. No bank will have full details on what exactly it was for or from. Even if they do it will be in storage & takes months to find & even then may not say anything more than Cash Credit.
Clearly at that time you were happy with it. So forget about it & carry on with your life. 👍

Howard0123456789

There is a specific reason why I need the information as I have not paid this cash into my account.  There is no issue with the payment just the description.  If the bank don’t hold the information there is nothing I can ask for.

Band7

Howard0123456789 said:

There is a specific reason why I need the information as I have not paid this cash into my account.  There is no issue with the payment just the description.  If the bank don’t hold the information there is nothing I can ask for.

If there is no issue with the payment, why does the description matter? It is what it is, it won't be changed. May be the person who made the payment deposited it in Branch. Back in 2006, it was still possible to pay cash into somebody else's account.

Penguin_

Could it be a refund of charges or something? Similar thread Cash credit into my bank account - Page 2 — MoneySavingExpert Forum which turned out to be PPI related.

Howard0123456789

Because of a historic financial family issue I am being questioned on why I paid £17,000 cash into my bank account. I did not pay in £17,000 cash into my account.   There is a contra £17,000 going out into a share trading account. It's the cash issue that I am being challenged on.

It may well be a refund from something.

Vortigern

"Cash Credit" could mean "Cash/Credit", perhaps "Cash or Credit"

It just means your account was credited with £17000, not necessarily in banknotes.

MDMD

In the past, once when I transferred betweeen NW accounts in branch the person in the branch withdrew “cash” then paid it into the other account. The “cash” stayed in the till the whole time.