paying cash into bank account

karmann69

Hi, My son is about to start a small business, the nature of the business (market stall, fruit & veg) means the transactions will be cash.  My question is how will he pay the cash into his bank account without being accused of terrorism or money laundering. I have read that many people have had there accounts frozen due to cash deposits.

MSE_ForumTeam5

We've moved this to the Small business board

Brie

Tell the bank that he has a small business, mostly cash and that will set up a pattern of behaviour.  It will be essential that it's a business account, not a personal one.