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Original poster

I just don't get this - paying cash into bank account

63 replies

almostdivorcedeek · 13/05/2019 16:55

I'm poorly at the moment and so I asked DD(19) to put some cash into my bank account. Gave her my debit card and cash. When she got to the bank, cashier wouldn't allow her as it wasn't her bank account. DD explained that she was only putting cash in - still a firm no. So DD put the cash into her bank account and then transferred it into mine. Apparently that is allowed!

OP posts:
coffeegrounds · 14/05/2019 08:10

I have someone pay into my account about once a month or so (semi regular) and he has never been questioned. He has a bit of paper with my account number and sort code on it and he hands it to the cashier with the money. It's usually £150 or less.

Teanocoffeethanks · 14/05/2019 08:10

Sometimes if I'm paying money into someone else's account with cash, i just put it in my own and transfer. Its easier.

Yes paying in slips usually required now. Also, possibly the fact you break their T&Cs handing over your card to someone else. So it doesn't sit right with them i guess.

But my partner and i often use each others debit cards and just transfer the money across....

FamilyOfAliens · 14/05/2019 08:15

Why didn’t you just give her the cash and have her transfer the money into your bank account from hers online?

You don’t even have to leave the house for that.

Interested in this thread?

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General money
isabellerossignol · 14/05/2019 08:21

It's funny how it's ok to put money into your own account and then transfer it across. That's the opposite of protecting against money laundering, since making lots of unnecessary additional transactions is part of 'the process'. I used to work in a bank many years ago and it was so frowned on that it was a disciplinary offence for a staff member to deposit money into our own account and then transfer it to someone else.

Yet in recent years it seems to have been changed and people are now encouraged to do it.

ReanimatedSGB · 14/05/2019 08:24

There is an ongoing drive to discourage the use of cash. Which will, of course, be very hard on the poor but is, of course, being driven and implemented by the unimaginative comfortably-off.

Gwenhwyfar · 14/05/2019 08:24

I don't have internet banking so I sometimes have to pay people by taking cash into their bank. Has this been banned now? Leaves me in a shit situation if so.

AGoodWench · 14/05/2019 08:28

A bank emp!oyee told me it was because of money laundering. Same issue when I wanted to buy a hundred pounds worth of currency at M and S.

Basically they want us to go cash free to keep tabs.

Meanwhile drugs are sold to our young people everywhere every night of the week and nothing is done to stop that. It's utter nonsense.

The post office seems ok for now.

Schnitzelvonkrumb · 14/05/2019 08:30

I had cash to pay into the bank for our business account. I went to our local branch, queued and then the cashier said he couldn't accept cash!! FFS what is the point of being in the bank if people can't pay in cash (to their own account)
Another time I wanted to pay cash into my husbands account so I took his card. The lady in the bank said I couldn't do that, as it wasn't my card, but advised me to use the machine to pay it in.

AGoodWench · 14/05/2019 08:31

Isabellarossignol , interesting post.

I think the new rule, like so many others go no way to solve the purported problem.

harridan50 · 14/05/2019 08:31

New regulations that the banks have to adhere to

Choccyp1g · 14/05/2019 08:32

But how would they know that you weren't the bank account holder?

Except when I'm trying to pay birthday money into my 18yo'a account.

AGoodWench · 14/05/2019 08:33

But inconveniences the law abiding to no good end.

coffeegrounds · 14/05/2019 08:36

IWhy didn’t you just give her the cash and have her transfer the money into your bank account from hers online?

You don’t even have to leave the house for that.

Are you always so shortsighted? There are lots of reasons why that might not have been possible.

uggmum · 14/05/2019 08:51

This is a rule brought in by the FCA.
It's to protect against money laundering, financial crime and tax evasion.
If regular cash deposits are seen into your account which seem unusual or do not match your profession they will be reported in line with the banks procedures.
I behind the scenes in a bank. One of my responsibilities is reviewing accounts, looking out for potentially suspicious transactions.
I then report them. This includes the above and also benefit fraud.
For example, if I view an account with tax credits or other benefit but large cash deposits which would indicate an inflated undisclosed income I would report it.

CuriousaboutSamphire · 14/05/2019 08:51

Next time use the Paying In Machine!

MilkTrayLimeBarrel · 14/05/2019 09:08

I save £2 coins towards foreign currency. I took £100 in coins into my bank and asked to change into notes to make it easier for the foreign exchange advisor in Sainsbury's to take my money. Not allowed to - had to be paid into my account and then withdrawn - I really cannot understand the logic in this.

On a side note, I always keep a reasonable amount of cash in the house for the inevitable day when the Banking systems crash and nobody can get money out!

CircleofWillis · 14/05/2019 09:20

Coffeegrounds
I have someone pay into my account about once a month or so (semi regular) and he has never been questioned. He has a bit of paper with my account number and sort code on it and he hands it to the cashier with the money. It's usually £150 or less.

Are you blackmailing him? What did he do and do you have pictures?

isabellerossignol · 14/05/2019 09:23

I've recently had the opposite issue with needing coins. Tried to cash a petty cash cheque for work, but no they're not allowed to cash cheques. Had to withdraw the money using a debit card at the cash machine then walk back into the bank and have them change £200 in notes into coins.

There is very little consistency from bank to bank as well. I've dealt with different banks through my own finances, an organisation that I was treasurer for, and work, and all of them had different rules, which contradict each other yet all three say 'it's the law, we have to do it this way'.

EleanorReally · 14/05/2019 09:33

i pay cash in with my dd's paying in slip. i dont even fill it out, at the post office, perhaps I am lucky

Processedpea · 14/05/2019 09:35

yes use the machine, it's easier

Comefromaway · 14/05/2019 09:36

it will be because she was paying in with your debit card. She should have filled in a paying in slip with your sort code and account number.

EleanorReally · 14/05/2019 09:37

Considering we dont really use cheques but I had to persuade my dd, who gets paid in cash, to request a paying in book.

Kapeka · 14/05/2019 09:38

I know! My grandmother wanted to pay money into my dd's Junior ISA, she went to the bank to pay in the money she had saved up, and they told her she wasn't allowed to Confused apparently she has to transfer it to my bank account and then I can transfer it to the ISA. How do you do it without going online? She doesn't live near me.

Kapeka · 14/05/2019 09:39

(it was cash saves up in £2 coins, not transferrable really)

IDontDrinkTea · 14/05/2019 09:46

My dad managed to open a bank account for my daughter without me knowing and pays money into it every week. Maybe they’re not very strict round here!