Today was the first I heard from Santander that you can now only deposit £2000 a month cash into your personal account over the counter , or in any way ‘

Mad as it doesn’t even cover my rent on my actual home let alone my mortgage !

I presume all banks are trying to make us cashless and will all be capping cash soon

Makes zero sence to me as we pay tax so why limit what you can put into your bank ?

Today was the first I heard from Santander that you can now only deposit £2000 a month cash into your personal account over the counter , or in any way ‘

Mad as it doesn’t even cover my rent on my actual home let alone my mortgage !

I presume all banks are trying to make us cashless and will all be capping cash soon

Makes zero sence to me as we pay tax so why limit what you can put into your bank ?

I have a santander account which I used exclusively for years. But now they have a 10k cash deposit limit per year in machines/post office. I thought it was 10k in machines and 10k in post office. But apparently it is both combined and then anything else is over the counter. I just opened some more bank accounts and split my deposits between them. I was not aware of the 2k per month rule. It would be nice if they informed customers of these new rules wouldn't it?

I suspect they want to make us open business accounts and pay the fees that go with them. But some business accounts also limit cash deposits. It best to just have a few different accounts with different banking groups

Yes, I've just confirmed it with Santander and there is still no limit on cash deposits made in branch at the counter - nothing has changed. I don't know who told you there was Rebecca, but they are wrong

Of course this still means you have to find a branch, and one that's open for more than a couple of hours a day

When I banked the other week in Santander for the first time ever the cashier asked where the money was from, I did query why the sudden questioning and she said they have to ask now if it's over £2000, she didn't mention that that was a limit and I was still able to bank the whole amount. 

When I banked the other week in Santander for the first time ever the cashier asked where the money was from, I did query why the sudden questioning and she said they have to ask now if it's over £2000, she didn't mention that that was a limit and I was still able to bank the whole amount.

The machine kept rejecting my deposit yesterday so I queued to see the cashier.  It was only £900 but the gent did ask where the money came from - I just said my brother gave me money for rent.  I asked why he asked and he said that their systems now randomly pings an alert to ask the source of funds due to money laundering. I asked him if my account was specifically flagged and if there was something fishy about me - he emphatically said no - it's just a random thing of the new system; if your personal banking patterns stand out to them, the machine flags you.

Also, I specifically asked about deposit limits and he said that Santander has no limits at this time
That means they will probably review the situation in the near future and see how it works out for them and their business model.