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What would be a suspicious sum of money to pay into another person's UK bank account ?

My dad tried to pay some money into my account to help me move away , I don't know the amount but they would not allow it to prevent money laundering. 

7 Answers

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  • 14 hours ago
    Favorite Answer

    There's usually no issue if using bank transfer, up to 10K or depositing a cheque.

    Paying in cash is no longer possible unless you are the account holder (& have ID) 

  • Maxi
    Lv 7
    10 hours ago

    Then your dad couldn't prove where the cash was from, where as a bank transfer of money proves it was already in an account and so legal/traceable. ALL and anything over £10k is automatically reported to HMRC by all and any bank

  • Tavy
    Lv 7
    1 day ago

    Then you and Dad  with his ID should have gone to your bank and explained.

    They are open.

    U.K.

  • R R
    Lv 4
    1 day ago

    Usually if you keep it under 10K

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  • Anonymous
    1 day ago

    You need to talk to your bank, to explain. Banks are instructed to spot/report suspicious money laundering  transactions. If your account normally received large deposits, it would not be questioned.

  • 1 day ago

    Banks have to ask questions to prevent money laundering. I expect your dad's bank asked for the source and he declined to answer. When I paid off lump sums on my mortgage I also had to describe the source. So that's what needs sorting out.

  • ?
    Lv 7
    1 day ago

    Anything more than £8,800 can be randomly investigated, they will still eventually make the transfer. You can't get around it making a series of smaller transfers, they look for that too. It may change soon because it was EU policy.

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