Stupid question alert -what is procedure for withdrawing large sum of cash from bank account?

[Thisoldheartofmine]

Paying for building works .
Son has several thousand in current account and will be funding .
Is it going to involve personal visits to bank , on line checks etc .
Sorry to be dense .

As far as I am concerned a Tradesmans tax affairs are none of my business BUT paying by card or bank transfer gives a lot more protection for the payer.

My HSBC current account has a limit of £9,999 per day as I found out while buying a van.

I had to get a cheque for a five figure sum and was asked what it was for and for photo ID.

I think it's pretty obvious.

This. So say a builder knobs off with the cash, what are you going to do? Take him to a small claims court and say I’ve given him 4k, he says no she didn’t, case dismissed with no evidence. Also statistically more likely that a rogue builder only accepting cash is not going to have any of the proper insurances either. So if he fucks up your 4k job and you take him to court and he has no savings or assets (that they can find), then again it’s your money down the drain. Are people too stupid to realise this?

Huh? I pay on completion. How can they scam me, I use trades by word of mouth, never paid up front. I pay on completion. Always.

You pay on completion. You’d need to be off your head to pay up front.

Clearly some are! They may learn the hard way some day!

Plus I have to pay tax on all my earnings. I don't wish to aid and abet someone else evading payment.

Such a ludicrous idea, who is paying for the job up front in cash. Surely no one is doing that, I’d also bet the ops son is not. You pay cash you pay on completion.

Friend of DPs wanted to pay his builder in cash that the friend and the builder both openly admitted was so it didn't have to be declared.

Friend had to go through an extended grilling at the bank to try and get the money and they wouldn't give it to him. They said that they suspected that it was going to be used for illegal purposes, which it was, tax evasion.

In the end he spent about 3 days moving his money to different accounts and driving all over town to withdraw in batches from cash machines until he'd amassed the few thousand that he needed to pay for it.

Moral of the story is that it might be a lot harder than your DS thinks to get a few thousand in cash, because it's rare these days that people pay or accept that sort of amount unless they are breaking the law somehow. Honest people just send the money by bank transfer.

The bank will ask lots of questions, they'll need to be confident they're not aiding tax evasion or money laundering. Give the bank warning, produce an invoice and ID, be ready to be interrogated.

Banks are rightly suspicious of cash activity like this, and are obliged to protect you and themselves.

If a trade person wants paying in cash then I have made them come to the bank with me and handed it over to them at the bank desk so it's their problem and not mine after that point!

How would the bank know who they were, what is was for or if they declare it.

You're the one yakking on about paying up front. WTF did I make any reference to when I would pay in cash? It most certainly would not be up front, and it would not be cash The ludicrosity here is all yours, my dear.

We had repairs to our roof done and we paid some upfront by bank transfer before they started, for materials , it was probably 20% or less of the full amount though

We pay a percentage for materials too

Also, if they're prepared to cheat HMRC, then they will also be prepared to cheat you. Dishonest people are not people that I want doing work in my home.

Tell them it's a bank transfer or nothing and they can jump through the hoops to get the cash themselves if they want it.

Here we go

I can never be bothered to queue at a bank counter or deal with their questions so I've always just withdrawn from a cashpoint over several days. Takes a couple of weeks but a big job will take at least that long. Convenient for us as we are walking distance to a branch and I don't feel unsafe walking home with the cash.

A sawn off shotgun used to be the preferred method but with so many branch closures, queuing up with a pair of tights over the head and carrying a weapon does rather attract attention these days.

What does that mean?

I would never pay someone cash!

There is no proof you paid them!

Here we go?

Only people who only accept cash and dont pay tax and insurance want cash in hand

Never been asked to produce an invoice to access my own money ever. It’s my money, I’m allowed to take it out. The bank just needs to be satisfied I’m not being scammed or coerced. Past that we are all allowed to take our own money out our own accounts.