Can't pay money into a bank over the counter - beaurocracy gone mad!!!!

northantsandy

I just attempted to pay some cash into a friends bank account for them over the counter.

I was told I couldn't pay cash into an account that wasn't in my name. I should use a specially provided envelope with some information to complete and post it through a special, in-branch postal slot, which I did. I was told that this was due to Money Laundering Legislation. They would check out the account to ensure legal compliance. I had to provide the account holders telephone number and post code, as well as the sort code and accouont number.

Is it me or is this a complete load of tosh? If not when did we cease to lived in a democracy and move to a beaurocracy!?!?!??!

espresso

It's you, why don't you transfer the funds on-line?

northantsandy

Why is it me?

I was paying the money in on behalf of a third party who doesn't do or have access to online banking, but that's not the point - the bank refused to let me pay in money over the counter as part of a legitimate transaction.

gypsyroseloz

I recently went to pay a cheque into what I assumed was our joint bank account & was told that I couldnt as it was NOT a joint account, I produced a cheque guarantee/debit card for the same account, yet they still said no & gave me a form for DH to fill out, I told them that we had definately filled one in! There excuse for me not being able to pay cheque in was that it was in both our names but DH might not have let me have any of it!
Made me laugh cos I could have stood there & took money out but not paid in!!! It has all gone very wrong!

espresso

northantsandy wrote: »

Why is it me?

You said, "Is it me or is this a complete load of tosh?" It's you, it's not tosh!

the bank refused to let me pay in money over the counter as part of a legitimate transaction.

That's the point, it is not a legitimate transaction due to the money laundering legislation.

....................

northantsandy

The basic legal premise in law is that everyone is innocent until proven guilty.

Therefore, the bank interpreting the law in such a way that everyone is guilty until proven innocent means, as Dickens once said, the law is a half-donkey, half-horse (a ss)...

If there is scope to interpret the law and apply it such, then it is fatally flawed.

Interfering the the basic day to day life of innocent, tax-paying, law-abiding people is fundementally wrong.

And to name and shame the bank in question is the Halifax.

Lady_E

I took two cheques to the building society today and because it makes it easier for me ,asked if they could credit it as two seperate entries as it makes it easier for me. The answer was "she would do it for me on this occasion but in future they would be added together", as it is time consuming for other customers to wait in the queue whilst she does this. Frankly that is a staff issue not a customer one but hey ho rules are rules

espresso

You could have paid this money into your own account and then transferred it, the transaction it then traceable.

northantsandy

espresso wrote: »

You could have paid this money into your own account and then transferred it, the transaction it then traceable.

The money is not mine to take ownership of. By being given a set of instructions by the person who initiated the transaction i.e. gave me the money and asked me to help them, gave it to me on the premise that I paid it into their friends account.

What you have suggested is theft and dishonesty - and the very thing you suggests to get around the law just proves the law is fundementally flawed for goodness sake!

You might want to grab a bus to the real world...it stops at the corner.

espresso

northantsandy wrote: »

The money is not mine to take ownership of. By being given a set of instructions by the person who initiated the transaction i.e. gave me the money and asked me to help them, gave it to me on the premise that I paid it into their friends account.

We are not mind readers, first time that you have given this information. Get over it, all banks would treat you the same, learn from it. It's not tosh it's you.

:rolleyes:

northantsandy

espresso wrote: »

We are not mind readers, first time that you have given this information. Get over it, all banks would treat you the same, learn from it.

:rolleyes:

My immediate reply to your initial post wasn't a clue? As Roy Walker used to say.....Say What You See....

I was paying the money in on behalf of a third party who doesn't do or have access to online banking, but that's not the point - the bank refused to let me pay in money over the counter as part of a legitimate transaction.

It's not the fact all banks do it it's the fact that legislation is in place that makes bank assume you are guilty of something until they prove otherwise. That's just plain wrong.