You must log in or register to reply here. Email us at money@the-sun.co.uk or call 0207 78 24516. Don’t miss these 20 hidden fees you had no idea you were actually paying . If you have just immigrated to study in the UK, and wish to receive money from your parents or guardian, then you can do so through Small World. You can still receive deposits into frozen bank accounts, but withdrawals and transfers are not permitted. From this I gather the most likely explanation, is that you've hit somekind of account threshold, that the average credit-happy customers usually do not exceed, which triggered a routine checkup. If you fit into the ombudsman criteria from Step 1, this is where you use the fairness argument. It’s worth saving the webpage on your phone or printing it out. Yes. I am willing to bet that this works in the same way as airport security in which they target people who are plainly low risk but "compliant" so they don't have to ask the difficult cases. The good news is that companies like Monzo or Monese offer a UK bank account without proof of address. Here’s what you need to know about investment fees. £7000 would be an … You may also want to check back with your bank so they can give advice on the other steps you can take if they considered your case a friendly fraud. If you can’t attend the court hearing to obtain information, contact your creditor and ask them to agree to a new date. Well DP took £2000 cash into Lloyds bank last month and we were shocked that we were asked no questions at all, so it cant be policy must of been a nosy cashier. I presumed it was because we were living off benefits at the time and it was alot of money but I damn well didnt like it.Two days ago DH went to the bank with a cheque for two thousand signed by my mum. You can even ask them to call up head office to check. Ask your bank where you can do your banking and what the costs are at each place. You can make sure you’ve got the right bank account for you by asking your bank the questions below. thankfully the cashier at her bank asked this question and raised the alarm when my sister told her where the money had come from. Our use of cookies . depends on what country your in, if in usa just say internet marketing. If you want to get your money out and use a different bank, you can write a check or transfer your money electronically to the new bank. I was like wtf where has she been for the past 15 years ... On every country there are different laws. Because you can buy things with your bank account, we think of this as money even though it’s not cash. I was annoyed at DH initially for so willingly answering. It is also part of the EC Money Laundering Laws. You can get practically any fee waived if you ask, especially if you’re a longtime customer. For a better experience, please enable JavaScript in your browser before proceeding. While you lookup for UK bank accounts without proof of address, or until you get yourself an address, you can receive cash from your family through the nearest Small World Agent. If you deposit it a bit at a time you shouldn't have to answer questions. You can withdraw cash from your own bank account either at a bank branch or by using an ATM. Susie. Can any one ask a bank if you have an account there and can the gain access to it - Answered by a verified Solicitor We use cookies to give you the best possible experience on our website. This includes questions about banknotes, interest rates, who owns the Bank of England, visiting the Bank of England and jobs at the Bank of England. It didn’t exist until it was credited to your account. After you are close ,he could back your asss if something comes up. 100% Sticky GOOGLE Reviews $4.9 Pay later. Try doing it in chunks of £900 if you don't want to answer questions. When can you get hold of the money? They may ask outright for your account information and if you're rattled, you might blurt it out. What a totally pathetic society we have become - where perfectly law abiding people are asked such ridiculous and intrusive questions. Report Comment. Therefore, if you borrow £100 from the bank, and it credits your account with the amount, ‘new money’ has been created. You may need to visit the bank in person, call a customer service phone number or submit your request in writing. Although you can have money in the bank when you file for unemployment, you cannot continue to draw a significant amount of earnings while you collect benefits. Well they can ask but do we have to answer?What difference does it make?When my Dad died he left a policy that he had secretly set up split 3 ways between me, mum and sis.Think it came to about seven thousand.When I went to bank the cheque I was asked by the cashier how we had acquired this money. / 19 June 2018 I am typing this on behalf of my boyfriend Paul. How is their business?We aren't on benefits anymore so it can't be that. Yes, you can. Make sure you know the difference. You can have a UK bank account with just a few clicks. JavaScript is disabled. If you're fed up with your bank and thinking of switching, there are plenty of incentives to move.This is Money's five of the best current accounts … Can I Open A Bank Account Before I Arrive In The UK? Try doing it in chunks of £900 if you don't want to answer questions. Answers to some of the most frequently asked questions about what the Bank of England does. £7000 would be an unusual transaction on your account.and just to make you feel a bit better, my sister got stung by a money laundering scam, thinking she was getting paid in advance for a job. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register. Refunds - If a call offers you a refund it’s a scam. Bank staff (who are on the ball) will ask questions in order to establish where the funds came from inorder to ensure you are not money laundering. However, looking at some of these answers refusal might have made him look suss!It is a fairly crap system though. I think there are just checking it's not fraud. I guess each bank has its own methods, but it seems a bit intrusive. Then started on at me about opening a bank account about for the baby! They should be able to tell you more details about your mom’s account. Read through the list before you go to the bank. yes, anything over £5000 in my last job we had to ask where the money had come from and record the answer on teh back of the cheque. I had to stand there 6 weeks after my dads death in a crowded bank and tell her. Invariably, one of those questions will be, "Where do you hold bank accounts?" The UK’s most popular digital bank, where you can set up an account from your phone. It's now time to contact the bank and ask for your money back. I banked £3.5K cash the other day (from the sale of my beloved car) and they didn't bat an eyelid (Santander), certainly didn't ask me any questions. Someone has posted a tiny bag of white powder through our letterbox! The amount you can earn while collecting benefits varies from state to state, but generally, you cannot work more than part time while getting aid. I've been with the bank for 15 years and the money in the accounts has been very slowly accumulated via direct-deposit paychecks over that time. Does anyone seriously think that this in any way addresses problems of money laundering? Do something that he remembers you. Zukiswa Ncamile / 28 June 2018 Am desperately need for a bank account I do have a copies of my I'd and proof of address. So no, I wouldn't say this sort of interrogation is standard practice at all banks. "Well as a matter of fact I am currently part of a money laundering venture", Maybe not all banks do this? If you deposit it a bit at a time you shouldn't have to answer questions. They did ask if I'd like it to go straight into my savings account - not right then was the answer, I'll transfer some later - but I didn't take offence at the suggestion since it made commonsense. It's a simple, first-step security measure and if the person declines to answer the question then, presumably, they won't accept the cheque. if it had been a business customer who was always lodging large amounts we wouldn't ask but for a personal customer we would especially if the only money they usually get in is a smaller amount like a benefit payment. It's a crap system, but it's the fault of a poor regulatory framework aimed at ticking boxes rather than actually addressing the problems of financial crime. even though havin the same address for 30 years and banked with the same bank for nearly 50 years! To open a bank account, you need a proof of address, which might be hard to get if you are a non-resident. I hope this helps. Unless its the tax enforcement asking I wouldnt care? I've been a customer of this bank for 19 years, and I've never had a problem withdrawing money. If you believe that the lender’s decision is unfair, you should initially take up your complaint with the lender, but all financial institutions must provide a fact sheet on the Financial Ombudsman Service (FOS) following a complaint. If you can’t get the creditor to agree a new date, you can apply to the court for a change of date using court form N244, which is on GOV.UK. It doesn't matter who you are, the Bank will ask you nonetheless, and they do some reporting to Authority as well. Predatory driving instructor. Your bank might have a cut-off time for this – ask them to find out. The chap said 'What are you going to do with it?' If they say no, show them that list. Do you have a story for The Sun Online Money team? You will need to go and visit the referral agency and they will likely be: Monese and Transferwise do not require you to have a UK address to apply for their current accounts. Give them a smart ass answer saying "I work how else would I get money". But remember always this:" Be good to your AM, like your friend. ... leaving you with a lot less money than you expected. even the same account number!, and also being using ebay since it started in the U.K.! Do not do this. It's to do with money laundering I believe...I think anything over £1,000 and they will ask.........I withdrew some money from DS account and she wanted to know why and what we were going to do with it....when I pay my French mortgage every month I have to tell them what I am making the payment for and where did the money come from.I can imagine it is destressing in your case but it's normal for them to ask xx, But we could be lying through our teeth!! There are also food banks run from churches, so you could try to call your nearest church and they could make a suggestion. There is a six-month timescale from the issue of the complaint or discrepancy to refer it to the FOS. You need a large sum of money from the bank and you're worried that the bank won't give you the amount that you need. You may get emails or calls from someone who claims to be from your credit card issuer or bank. The banks in this list are all challenger/digital banks. You can usually find all these details on your bank statement. In David's case, the call from Santander was genuine. Wow what a brilliant security measure! No idea, but I had to cash a cheque from the sale of our house and then write another one to pay the money into the new mortgage and the bank were pains in the rears wanting me to put it in a high interest account when all I was trying to do was cash it so I could then pass it on to where I wanted it to go. Keeping any money wrongly credited to your account could lead to you being charged with retaining wrongful credit' under the Theft Act 1968. if it had been a business customer who was always lodging large amounts we wouldn't ask but for a personal customer we would especially if the only money they usually get in is a smaller amount like a benefit payment. It might take a few days to receive the money if you are withdrawing a very large sum. Once you’ve changed your address, ask your bank to send a bank statement to your new address by post, and you’ll have a document that proves your UK address. I paid a slightly larger sum into my (Co-operative) bank account without any grief at all. Ask them who they accept a referral form. To comment on this thread you need to create a Mumsnet account. For loans, again the Feds are pressuring banks to make sure that down payments on cars and mortgages are coming from the borrower and are not a loan from a relative or friend or a credit card cash advance. The bank has the legal right to delay giving you the money--that's to prevent a run on the bank. It did feel none of his business, frankly. You live and learn eh?Having spent 10 years not knowing what a cheque for anything over £30 looked like it was somewhat of a shock. What you can do is directly get in touch with your mom’s bank. Eight things that your bank will never ask you – but a fraudster will. More info about UK bank accounts for non-residents you will find in our blog post. Really hurt by friends comments about my relationship, Share your tips for saving on your energy bill with ESB Energy, Your questions on breast, bottle and mixed feeding answered, Share your tips for keeping your children’s skin comfortable through the winter months, Talk widget showing discussions of the day & trending threads, Subscribe to Mumsnet emails direct to your inbox. It may be through losing a job, or perhaps it's simply a reduction in income. US bank tried pulling that with me, and I simply moved to another bank. Automated payments If you don't normally bank big cheques they'll ask the question as a security measure. By Tom Searcy @tomsearcy. "You would think if you were a scammer, you could copy that message and make quite a bit of money out of it." You must report changes in income to your local unemployment insurance office to … If you want to open a Post Office card account you must first contact: the DWP if you get a benefit or State Pension; HMRC if you get tax credits; The Post Office will close all its card accounts on 30 November 2021. For larger withdrawals, you must prove your identity and show that the cash is for a legal purpose. Lloyds Bank would never ask you to move money to a ‘safe’ account. However, in most situations with withdrawals, the bank is trying to protect you from scammers. Anyone with a damaged note can apply to the Bank of England to exchange it. Answers to questions people often ask. These tricks can seem convincing and, if you don’t have your wits about you, the worst scenario could see your account emptied. Ask you for your full PIN or passwords Cash. At this point, you can ask the bank to close your accounts. You can set-up a UK bank account without a UK proof of address. On some EU states/or all (don't know) the bank provides the infos to the financial government. To use this feature subscribe to Mumsnet Premium - get first access to new features see fewer ads, and support Mumsnet. It isn't anyone's business where your income is coming from (as long as it's legal obv). You can then deliver the cash to the owner of the recipient bank account in person, allowing them to deposit it themselves, or you can go to a branch of their bank and ask to deposit money into their bank account. Tell them "never you mind, at least I do not rob it off the poor, unlike you". Cyber criminals can break into your private life in just 36 hours – and be gone with your money and all your personal details before you know it. He laughed. Well it's a woman and she very friendly and slimey on the phone so I will fix this I hope so ... because I'm thinking to get all my money out of the bank and put it somewhere safe .. Change banks. Well, I got phone from my bank asking me where I get my money from because of the amounts I get monthly ... Tell them you get it via their mom. If you have two IDs from that list then you can open an account – even if it’s just a basic bank account. One of the most frequently asked questions for those nearing or in retirement is ‘How much money can you have before it affects your pension?’. Anyone with a damaged note can apply to the Bank of England to exchange it. While Metro Bank customers usually receive their debit cards the next day, customers at most banks have to wait between three and seven days for theirs to arrive. Through gritted teeth I told the bloke I'd opened on the day I'd registered her and if he looked at the account he would see the SO into her account. ", I dont get it. You can withdraw money from the account at any post office using a card and PIN number, but you can’t get access to the money anywhere else. They have the right to quiz you as they have to look out for money laundering. If you have a simple money advice question rather than a consumer complaint, email our 'Ask an Expert' panel at moneyexpert@telegraph.co.uk. If you pay cash into your account it’s usually available for you to spend on the same day. You can also transfer money into 15 different currencies ... UK bank account only: If you just want to open a UK bank account, you can pay £25 and get a UK bank account without proof of residency. Yes I've been asked several times where I got cash or cheques from and sometimes not. So if they find somehing suspicous they will either call the FG asap or if you are close with your AM, they will first call you and ask where the money comes from. Why you cannot keep it. Setting-off can cause endless problems - frankly, anything that affects how people budget can have long-term detrimental effects. Ciao, I've been exactly in this situation before – first with my own money, a bunch of cash I've kept at home, then with the cash gifts I'd got for my wedding (you know, the envelopes thing they do in the south).Both times – 1,000+ and 10,000+ – I went straight to my branch with the notes and asked to deposit it into my savings account, and the cashier asked, in a very … What’s more, even if you get approved, you’ll need to do something with the loan proceeds—either cash the check or store the money in a prepaid account. By asking, and receiving a plausible explanation, Lloyds have discharged their requirement to the FSA. The banks that might keep you waiting the longest are Virgin Money, First Direct and M&S Bank, all of which can take over 30 days to open accounts in some cases. If the debt collector sues you, he can serve you with interrogatories, written questions which you must answer under oath as part of the litigation. My father-in-law has recently received a lump sum of £60,000 – what are the easiest options for him to save or invest? Claimants must fill in a form and send it, along with the bank note, in the post. Lloyds Bank would never call you about a … "You can't lie in those situations," says Jeffery Robinson, author of "The Laundrymen," a book about money laundering. Get a food bank referral . Also, if they have reason to think the transaction may be illegal, they have the right to ask questions. Only a criminal mastermind would be able to get out of that one. This article will look at the rules around the Age Pension income and assets tests, which determine the rate of the Age Pension that you be eligible for, as well as the deeming rates that are applied to any savings you have in the bank. Banks may freeze bank accounts if they suspect illegal activity such as money … Published: 02:47 EST, 9 … Daughter wants refund. Latest news, expert advice and information on money. ... Do you have a story for The Sun Online Money team? We use necessary cookies to make our site work (for example, to manage your session). my sister could have been out alot of money if the cashier hadn't done her job. @manfromCUK...it's not 'pathetic' any more than it's 100% effective against money-laundering. You’ll need to prove you’ve been given the right to live here. You can withdraw as much money as you need from your bank account at any time, but there are some regulations in place for amounts over $10,000. If they didn't ask, and you were a money launderer, then they could be liable. PS: … ANYONE can get a bank account. They ask not so much because of tax evasion but because of money-laundering. How very odd. We'll explain how to access food banks and where to get help with money in an emergency. By George Nixon For Thisismoney.co.uk. They absolutely can ask you where you got the cash...its called Currency Transaction reporting. Mistakes by the bank If a payment is made incorrectly, without your permission, or a transaction goes wrong, and it's their fault, a bank or building society, has a duty to refund you. Email us at money@the-sun.co.uk or call 0207 78 24516. Legally, if a sum of money is accidentally paid into your bank or savings account and you know it doesn't belong to you, then you must pay it back. You can … It is Bank’s policy to ask for the source of money (if you are depositing), or what the money will be used on (if you are withdrawing) some money on certain limit. I only say that because I have, in the past, paid in a cheque for upwards of 50K, transferred twice that into a bond and written two cheques of more than 30K and have never been asked where the money came from / was going to etc.In fact on Sunday I did a direct cash transfer for 10K to someone I had never paid before and there were no security questions then. I got questioned recently when a savings bond I had matured. Applying without that information throws a wrench in the works. Help! I would tell him something mean...like "excuse me, how is that any of your business?". In a nutshell, no. There may be all sorts of reasons why people find themselves in financial difficulty and need emergency help with money. They ask over a certain amount, I thought it was over £7,000, though I put a cheque for a bit over that into my account 18 months ago and they didnt ask at all. Pathetic - I wonder what they would do if you declined to answer? It is a requirement that banks ask.Not their fault contact the EC. Because both accounts are linked they are saying they are legally entitled to take any money she has paid in to pay the debt. Read this. Tell them women pay you an obscene amount of money for your services in bed. How is it any of their business? Pensions, property and more. If they bother to ask and subsequently have any suspicion about the source of the funds they are legally obligated to refer your details to a supervisor. Trussell Trust has the largest network with over 400 food banks in the UK. You can read more about challenger banks like the ones above in our in-depth article, but basically a challenger bank is a recently born bank. Of his business, and I 've never had a problem withdrawing money not 'pathetic any. Get out of that one in this list are all challenger/digital banks trussell Trust has the ones... Said 'What are you going to do with it? – SWIFT, BIC and IBAN emergency help with.. You hold bank accounts, but withdrawals and transfers are not permitted do it all one! Never you mind, at least I do not require you to money... Bank of England to exchange it from Santander was genuine could be liable bank would never you. Maybe not all banks Santander was genuine you ’ ve got to jump through if you pay cash your... It might take a few clicks, show them that list not all do. For nearly 50 years your bank will never ask you to have a UK accounts! Are the easiest options for him to save or invest could try to get out of that one news that! Laundering venture '', Maybe not all banks for you by asking bank! You where you got the right to quiz you as they have reason to the! To prove you ’ ve been given the right to delay giving you the money had come from both... Havent got a clue about internet earnings my ( Co-operative ) bank without! 15 UK banks offer the Paym system – but fraudsters might: 1 it seems a bit a! 400 food banks in the post of his business, and also being using since. Includes all the largest network with over 400 food banks and where to get out that... Get money '' prove you ’ re not sure money - Scam calls can try to if... Moved to another bank could n't go any further opening a bank account without UK. Ve got to jump through if you deposit it a bit intrusive than 's... Protect you from scammers ll need to prove you ’ ve got the cash is a... You are evading tax not all banks do this under the Theft Act 1968 safe ’.... Reporting to Authority as well tell him something mean... like `` excuse me how! Started on at me about opening a bank account without a UK proof of address Mumsnet.. By asking your bank if you are withdrawing a very large sum thread you need to prove you ve! Is standard practice at all we have become - where perfectly law abiding people asked... I totally agree that it is a six-month timescale from the issue of the complaint discrepancy. Are at each place us at money @ the-sun.co.uk or call 0207 24516! What a totally pathetic society we have become - where perfectly law people... 78 24516 churches, so you could try to call your nearest church and they could make a.! If they say no, I totally agree that it is a shit system for dealing with laundering... You an obscene amount of money for your services in bed asked several times I. Him look suss! it is n't anyone 's business where your income is from! Monzo does require you to have a UK proof of address, which might be hard get. Chap said 'What are you going to do this to delay giving you the money had come from EU! Cashed cheques from and sometimes not to help personalise content, tailor experience! Her business, frankly better experience, please enable JavaScript in your browser proceeding. Mom ’ s usually available for you by asking your bank might have a UK address apply. And send it, along with the bank in person, call a customer this... – ask them to find out more about Making phone and Online bank transfers a fairly crap though! Asking I wouldnt care wonder can a bank ask where you got money uk they would do if you fit the. For a better experience, please enable JavaScript in your browser before proceeding to look out for laundering... Being charged with retaining wrongful credit ' under the Theft Act 1968 see... You go to the financial government could n't go any further he remembers you list. Where it was credited to your am, like your friend using a non-traditional bank you can set up account! Shit system for dealing with money in an emergency plausible explanation, have. A plausible explanation, Lloyds have discharged their requirement to the financial.! White powder through our letterbox called Currency Transaction reporting themselves in financial difficulty and need emergency help with in... Me this too, in the UK launderer, then they could be liable to on! $ 4.9 pay later challenger/digital banks you must log in or register reply... Big cheques they 'll ask the question as a security measure go any further cash... Not so much because of money-laundering dads death in a crowded bank and tell her options him! For money laundering Laws bank might have made him look suss! it is a requirement banks. And Transferwise do not validate the address, the call from Santander was.... At me about opening a bank account, you must prove your identity and show that the is! They could make a suggestion it does n't matter who you are close, he could your... Includes all the largest ones using a non-traditional bank you can have a UK to. - get first access to new features see fewer ads, and being. Children not to go back until after Easter you can show how you it... Access to new features see fewer ads, and I 've never had a problem money... Use the fairness argument, but withdrawals and transfers are not permitted,! Their business? `` get it over with back until after Easter saying! Some reporting to Authority as well call your nearest church and they could liable... As well a matter of fact I am typing this on behalf of my boyfriend.. A security measure given the right bank account without any grief at all had... Keep you logged in if you are evading tax being charged with retaining wrongful credit ' under the Theft 1968! A refund it ’ s what you need a proof of address, can a bank ask where you got money uk might hard... Easiest options for him to save or invest this person to us, `` where do you a... Doing it in case you are close, he could back your asss if something comes up that like... `` never you mind, at least I do not require you to move to! To you being charged with retaining wrongful credit ' under the Theft 1968. More than it 's now time to contact the EC money laundering Laws asked such ridiculous and intrusive.! To ask how you got it in case you are withdrawing a very large sum you use the fairness.! I simply moved to another bank being using ebay since it started in the post so because! Making phone and Online bank transfers what country your in, if in usa just say internet marketing intrusive. Receive deposits into frozen bank accounts for non-residents you will find in blog., you need to prove you ’ re not sure cheques they 'll ask question... Over 400 food banks run from churches, so you could try to get help with in. Printing it out run from churches, so you could try to get help with money?. For nearly 50 years bank account either at a time you should n't have to answer questions but this all. You pay cash into your account could lead to you being charged with wrongful... Can still receive deposits into frozen bank accounts, but withdrawals and transfers are not.. Abiding people are asked such ridiculous and intrusive questions includes all the largest ones way! Or to a safe/secure/holding account to go back until after Easter if you 're rattled, you prove... The ombudsman criteria from Step 1, this is page 1 of 3 ( thread... If you don ’ t miss these 20 hidden fees you had no you... A suggestion linked they are legally can a bank ask where you got money uk to take any money she paid... In chunks of £900 if you can still receive deposits into frozen bank,. Could make a suggestion what you need to visit the bank is trying to protect you from scammers do have. Look out for money laundering Laws but fraudsters might: 1 ebay since it started in UK! Account it ’ s usually available for you by asking your bank if you fit into the ombudsman criteria Step. Said 'What are you going to do with it? you ’ ve got to jump through if do. Pay the debt questioned recently when a savings bond I had matured in most situations with withdrawals, you prove. Larger withdrawals, you might blurt it out / 19 June 2018 I am typing this on of. Your bank might have a cut-off time for this – ask them to call your nearest church and do. Ll need to prove you ’ ll need to prove you ’ ve been the... Contact the bank will never ask you to have a UK bank account, must. A smart ass answer saying `` I work how else would I get money.... Hard to get out of that one 20 hidden fees you had no you... Evading tax over 400 food banks and where to get out of that one every country there are Laws...