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

[almostdivorcedeek]

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!

What on Earth is a paying in slip? (Shows when I was born).

I paid over 5k into someone’s bank a month or so ago.
I just used the machine and there debit card/pin.

I asked my DH if he had had any queries from the bank after a very large sum from an inheritance had arrived in his account - it had gone from the country of origin, to the country and currency where the executor ( his brother) lives, then via a currency exchange to sterling, into the account. He then moved a chunk of it into other accounts. Not a flicker.

My husband has paid money into my account using the self service machine, never had any problems at all.

The whole point is that transfers done electronically create a paper trail (as it were), so that the money in question can be easily tracked and accounted for. Cash is different, which is why it is lends itself so well to money laundering.

But, as another poster has said, it’s also because they want to move toward a cashless society (not a good thing, btw).

I remember MIL rinsing £11,000 in out of date fivers through our bank account, after her BIL died. Didn't bother asking, just went in DW's purse and got her details off her debit card. God knows what would happen now.

I’m slightly horrified at a pp in banking is saying banks are routinely investigating accounts. Surely there would need to be suspicious activity on the account before any investigation took place - or is this where we are at now in terms of financial privacy.

It's a bit chicken and egg. They can't see if there is suspicious activity unless they look at the accounts. Bank staff have always analysed accounts. You can't just go looking up someone's account because you fancy it but when you work in a bank there are loads of legitimate reasons why you might need to look at someone's account. And then if that alerts you to something suspicious, you might look a bit closer. Or more likely refer it on to another department who specialise in it.

The reason is because it's to keep the queues down in the bank and building societies. How many times have you been in like nationwide and a long queue

My "local" branch (nearest almost 20 miles away) is one of these so called self service branches. I had to wait over an hour just to set up a basic standing order because they have machines that don't work and not enough staff now.

The other option is if you and the other person both bank in the same place money can be paid straight into your account by simply verifying the person paying it in first without needing to do a transfer

I bank at the same bank (and same "home" branch), as my husband, good job really, but still had to pay it in to my account and transfer it over.

When I was trying to pay cash into my DS's account I didn't have his card; I had his account details though and still wasn't allowed to pay it in.

Re accounts being investigated, my bank phoned our home number to tell me my card had been cloned - they'd seen suspicious transactions on my account - they weren't that unusual, either!
No idea how they could tell.

Needing to get a specific appointment weeks ahead to open an account is a bit laughable too. Just caught my adult child out trying to open a first time buyers' ISA on a rare day off.

Oh gone are the days when you could walk into a branch on a whim and open an account!

Why is 'progress' always so bloody time consuming? 🙄

The option is there and where I work we use it, not sure if it applies to all banks. Sometimes the counter staff might do it via transferring if they're into your account already so they won't offer you other option because that's the easiest one to them especially if everything was previously sent up in your account.