Paying in more than estimated

Sea_Shell

We're a little bit odd, as on paper we currently have very little "income", but quite substantial liquid assets.

DH (59) - Retired, pension DD of £15,000
OP (54) - 'Housewife', no income currently (other than some interest)

Nasqueron

Whenever I apply for a switch or new account I just put my current salary. I don't include the bonus as it's obviously not guaranteed and I won't know what pay rise we get until after reviews are done so I can't say if my income will rise.

If the apps ever ask me to check details I will update them 

eskbanker

Momogeew said:

I too applied for a new bank account, same question asked on the application, my, cash, deposits took me over their annual deposit figure and it exceeds their limits re anti money laundering stance and so no account granted.

Haven't come across maximum annual deposits into current accounts before - which bank and account was this?

Shakin_Steve

eskbanker said:

Momogeew said:

I too applied for a new bank account, same question asked on the application, my, cash, deposits took me over their annual deposit figure and it exceeds their limits re anti money laundering stance and so no account granted.

Haven't come across maximum annual deposits into current accounts before - which bank and account was this?

eskbanker said:

Momogeew said:

I too applied for a new bank account, same question asked on the application, my, cash, deposits took me over their annual deposit figure and it exceeds their limits re anti money laundering stance and so no account granted.

Haven't come across maximum annual deposits into current accounts before - which bank and account was this?

I think it's the fact that cash deposits are mentioned, not merely deposits.

eskbanker

Shakin_Steve said:

eskbanker said:

Momogeew said:

I too applied for a new bank account, same question asked on the application, my, cash, deposits took me over their annual deposit figure and it exceeds their limits re anti money laundering stance and so no account granted.

Haven't come across maximum annual deposits into current accounts before - which bank and account was this?

eskbanker said:

Momogeew said:

I too applied for a new bank account, same question asked on the application, my, cash, deposits took me over their annual deposit figure and it exceeds their limits re anti money laundering stance and so no account granted.

Haven't come across maximum annual deposits into current accounts before - which bank and account was this?

I think it's the fact that cash deposits are mentioned, not merely deposits.

Perhaps, but that would seem an unusual question to ask in an application form?

Shakin_Steve

eskbanker said:

Shakin_Steve said:

eskbanker said:

Momogeew said:

I too applied for a new bank account, same question asked on the application, my, cash, deposits took me over their annual deposit figure and it exceeds their limits re anti money laundering stance and so no account granted.

Haven't come across maximum annual deposits into current accounts before - which bank and account was this?

eskbanker said:

Momogeew said:

I too applied for a new bank account, same question asked on the application, my, cash, deposits took me over their annual deposit figure and it exceeds their limits re anti money laundering stance and so no account granted.

Haven't come across maximum annual deposits into current accounts before - which bank and account was this?

I think it's the fact that cash deposits are mentioned, not merely deposits.

Perhaps, but that would seem an unusual question to ask in an application form?

Maybe, but as I haven't applied for quite some time, I don't really know. Banks are updating their policies all of the time.