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

espresso

northantsandy wrote: »

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

What has online banking got to do with you paying money in. You could have made use of it to transfer the money paid in though.

The rant board is that way.

timnicebutdim_2

I don't get where any of this money laundering stuff is coming from, I pay thousands of pounds cash into a business account every week and I'm not even a signatory let alone an account holder, I've never been asked for ID to pay money in

northantsandy

Read my reply and OP. Internet banking was not an option here, the fact i couldn't pay money in over the counter in a High Street bank is the problem I am highlighting.

Want us to hold that bus?

timnicebutdim_2

If you ask your friend to provide you with a paying in slip (or paying in book) there should be no problem at all.

espresso

northantsandy wrote: »

Read my reply and OP. Internet banking was not an option here, the fact i couldn't pay money in over the counter in a High Street bank is the problem I am highlighting.

Want us to hold that bus?

Yes I understand that but you could have paid this cash into your own account and then transferred it to the other persons account.

northantsandy

Yes there is. I don't look like a Mrs Irene Smith. I do look like 6ft3 of hairy Andy.

northantsandy

espresso wrote: »

Yes I understand that but you could have paid this cash into your own account and then transferred it to the other persons account.

What you're suggesting is questionable and technically money laundering.....

espresso

northantsandy wrote: »

What you're suggesting is questionable and technically money laundering.....

So what did you do then, take the money back to person?

:rolleyes:

northantsandy

espresso wrote: »

So what did you do then, take the money back to person?

:rolleyes:

No you are given a secure envelope that you shove the money or check in and you write account details, account holders postcode and contact number and put it into secure slot next to the counter. The instructions imply that the account holder will be contacted to verify the transaction...

Now if you are in you late 70's and someone calls you out of the blue claiming to be the bank and could you provide details, do you ignore all the advice about cold calls and financials or do you tell them what they want to know?

Incisor

northantsandy wrote: »

What you're suggesting is questionable and technically money laundering.....

Unless you can point to an actual piece of legislation which says so, I don't really see it. It's a legit transaction, which presumably you are prepared to account for.

I thought you came here to complain about over zealous interpretation of money laundering legislation by jobsworths. Now you seem to have accepted their line and you are arguing for it.