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LBG - restrictions on cash deposits
NoMoneyNoWorries
Posts: 26 Forumite
I have heard that with the upcoming banking hubs (currently in the first stages of rollout) that LBG will be limiting cash deposits to £2995 p/m or £20000 per year,
There may have been rumours about this sort of thing in the past but it looks like it is going to happen in earnest.
Watch this space...
There may have been rumours about this sort of thing in the past but it looks like it is going to happen in earnest.
Watch this space...
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Comments
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NoMoneyNoWorries said:I have heard that with the upcoming banking hubs (currently in the first stages of rollout) that LBG will be limiting cash deposits to £2995 p/m or £20000 per year,
There may have been rumours about this sort of thing in the past but it looks like it is going to happen in earnest.
Watch this space...Operationally Banking Hubs are just Post Office counters - there is already exactly the limit you state for paying in with a debit card among others:No need to watch this space
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Why would anyone have a LEGITIMATE need to pay in more cash than that?3
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I'll keep an eye out anyway as I'll be the one picking folded/ripped/sellotaped back together notes/receipts/coins out of the dammed things. keeps me in a job I guessWillPS said:NoMoneyNoWorries said:I have heard that with the upcoming banking hubs (currently in the first stages of rollout) that LBG will be limiting cash deposits to £2995 p/m or £20000 per year,
There may have been rumours about this sort of thing in the past but it looks like it is going to happen in earnest.
Watch this space...Operationally Banking Hubs are just Post Office counters - there is already exactly the limit you state for paying in with a debit card among others:No need to watch this space0 -
I'm confused. What are you going to keep an eye out for? Where are you picking these defaced bank notes from?NoMoneyNoWorries said:
I'll keep an eye out anyway as I'll be the one picking folded/ripped/sellotaped back together notes/receipts/coins out of the dammed things. keeps me in a job I guessWillPS said:NoMoneyNoWorries said:I have heard that with the upcoming banking hubs (currently in the first stages of rollout) that LBG will be limiting cash deposits to £2995 p/m or £20000 per year,
There may have been rumours about this sort of thing in the past but it looks like it is going to happen in earnest.
Watch this space...Operationally Banking Hubs are just Post Office counters - there is already exactly the limit you state for paying in with a debit card among others:No need to watch this space
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jimjames said:
Selling a car? I've had more than that to pay in beforeetienneg said:Why would anyone have a LEGITIMATE need to pay in more cash than that?
Exactly. It was 12 years ago though, but I sold my late F in L's car and the buyer paid cash - £4000+. Paid into my Lloyds account, over the counter, in branch. I think there was a form to complete confirming where the cash had come from.
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I'm an ATM maintenance guyWillPS said:
I'm confused. What are you going to keep an eye out for? Where are you picking these defaced bank notes from?NoMoneyNoWorries said:
I'll keep an eye out anyway as I'll be the one picking folded/ripped/sellotaped back together notes/receipts/coins out of the dammed things. keeps me in a job I guessWillPS said:NoMoneyNoWorries said:I have heard that with the upcoming banking hubs (currently in the first stages of rollout) that LBG will be limiting cash deposits to £2995 p/m or £20000 per year,
There may have been rumours about this sort of thing in the past but it looks like it is going to happen in earnest.
Watch this space...Operationally Banking Hubs are just Post Office counters - there is already exactly the limit you state for paying in with a debit card among others:No need to watch this space1 -
Businesses have different limits, the below link is for Post Offices but I suspect that the same would be true for the banking hubs. Whether or not that’s sufficient for most operations, I don’t know. Five years ago I’d have said not, but with so many card transactions it may be fine now.MEM62 said:
Because there are still trades and businesses that are LEGITIMATELY cash business.etienneg said:Why would anyone have a LEGITIMATE need to pay in more cash than that?1
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