is it a personal or business account? I'm with two other known English banks (none NatWest) and can deposit whatever I want in cash. Unless they smell something dodgy I don't see why they would send you that letter?

i got the email today from natwest which im sure many of you got it too, about tightening the rules for cash deposits and payments etc... i know that for now there's a 24000 cash deposit limit per 12 months. my question is if this limit is per bank or including all the banks you have accounts? so if i have an account in 4 banks, is my limit 96000 ? do banks communicate with each other or else how do they know if a customer is putting cash in other bank's accounts?

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Natwest been shutting accounts down of nigel farage and other political people. There's a lot on social media in papers about banks shutting down accounts suddenly.

I think they trying to close a lot of cash based businesses under the money laundering shit!

I've had pockit suspend my account and still waiting to have it verified 4 days on and supplied all my info.  All cards blocked and no bank transfers. Only have 83 quid in it as well and only use it to book hotels and trains . So no major money going in it.

Natwest been shutting accounts down of nigel farage and other political people.

NatWest own Coutts, where Farage's closed account was. Coutts requires customers to have a minimum of £3 million in savings or £1 million in investments or borrowing. Go figure

Yes, I switched from Santander too for much the same reason (plus they closed two of the branches near me, although I still have one within walking distance). I did immediately open another basic account for emergencies just because their outdoor ATMs are the only ones I've found that let you pay cash in instantly rather than with the envelope that doesn't go in until the next morning.

I pay cash into one of my current accounts and pay my work bills/expenses out of the same one; the Santander one is backup in case I need to get money in quickly and can't go until the evening but I try not to do it often because of the 10K limit. I try to not to pay cash into NatWest because that's my personal account, but it's a massive pain in the arse.

From  The Telegraph. 

Nat West imposes new cash limits in latest de-banking row
Warning that customers are being forced towards a cashless society as bank grants itself 'sweeping new powers'. 'Tomorrow begins today'.

"NatWest announced the changes in a leaflet first sent in June, entitled
"tomorrow begins today", advising customers of changes to their terms and conditions."

"The new rules, which come into force on Sept 11, state that: "We may apply limits to payments to and from your account, for example, to the amount of cash you pay in or withdraw, or to payment types where there is a high risk of fraud, scams or other crimes."

"NatWest has granted itself "sweeping new powers" to limit cash deposits and withdrawals, fuelling warnings that banks are forcing customers towards a "cashless society".

'The high-street bank has told current account holders it is bringing in new conditions "giving us the right to set limits on inbound and outbound payments".In a leaflet it said that could include imposing "daily and annual" cash withdrawal and deposit limits and "limiting the amount of cash" paid in or taken out."


This is true?  Will other banks follow Natwest? :'(

It’s across all your bank accounts with NatWest.
NatWest told me they did not want people paying cash into their personal accounts. Period. I asked twice after the lovely letter they sent me in the post (which I arrived after a long tour).
They told me they were closing my accounts and credit cards if I paid anymore cash in unless it was wire transfer.
I closed it and used one of my other accounts.
They are cunts.

Is this yearly amount only for personal account? As i know 2 businesses that operate in cash, complete legit business and they not had their accounts closed as of yet?

I know they want a cashless society but if it's a business account and you trade mostly in cash how can this work especially if other banks follow suit.

So grateful for (Nige) highlighting the issues which has put more pressure on government and banks to make changes. It's terrible how they are punishing people for dealing in cash or political views.