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Author Topic: Post office money deposit cap  (Read 8753 times)

RB1

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Re: Post office money deposit cap
« Reply #30 on: 26 March 2023, 03:50:01 pm »
It’s 10k with Sanrander
« Last Edit: 19 September 2023, 11:22:43 pm by RB1 »
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VoluptuousCurves

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Re: Post office money deposit cap
« Reply #31 on: 27 March 2023, 10:18:27 am »
Quote from: RB1 on 26 March 2023, 03:50:01 pm
PO with Santander is 10k a year it’s been going on since last year around November

Lloyds same so you just have to pay it into the bank account instead


I have  a Cashplus account  & a Pockit account as well as my every day bank accounts

Similar limits  to post office 10k a year I think and I use these for my every day spending

With the cashplus you can pay direct debits / bills transfer money and put money on at the post office

Pockit you just top with Paypoint and use it like a regular debit card

Plus side as you have no overdraft facility it won’t show up on your credit file as it’s not credit

Just an FYI. Pockit closed my account after they asked me what my source of income was and I said "I'm a sex worker", somewhat naively.

I then opened a Cashplus and have been using that for about 18 months but they emailed me a couple of days ago to say they need to speak to me to "ask some important questions" so when they do I will be telling them I'm a massage therapist and showing them a bullshit website. Hopefully this will be enough.
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And me, I am not a mess, I am a wilderness, yes
The undiscovered continent for you to undress

RB1

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Re: Post office money deposit cap
« Reply #32 on: 29 March 2023, 09:52:44 pm »
Quote from: VoluptuousCurves on 27 March 2023, 10:18:27 am
Just an FYI. Pockit closed my account after they asked me what my source of income was and I said "I'm a sex worker", somewhat naively.

I then opened a Cashplus and have been using that for about 18 months but they emailed me a couple of days ago to say they need to speak to me to "ask some important questions" so when they do I will be telling them I'm a massage therapist and showing them a bullshit website. Hopefully this will be enough.

Xx
« Last Edit: 19 September 2023, 11:23:11 pm by RB1 »
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VoluptuousCurves

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Re: Post office money deposit cap
« Reply #33 on: 29 March 2023, 10:13:12 pm »
Just standard on both. I'm about to send my info to Cashplus in the next couple of days. Fingers crossed.
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And me, I am not a mess, I am a wilderness, yes
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MsRedhead

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Re: Post office money deposit cap
« Reply #34 on: 01 April 2023, 12:17:41 am »
Quote from: Boudoir on 07 October 2022, 10:59:25 am
Well that's me stuffed then if that's the case. I bank with First Direct and the only way to pay cash in is via the Post Office, unless I convert to a business bank account  ::)

can't you use a HSBC branch? I used to
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Boudoir

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Re: Post office money deposit cap
« Reply #35 on: 02 April 2023, 06:46:14 am »
No Ms RedHead, very frustratingly most HSBC banks stopped accepting cash deposits a while ago, hence PO is the only way to pay in now.
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Cgiw

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Re: Post office money deposit cap
« Reply #36 on: 02 April 2023, 06:55:17 am »
The HSBC detail is worth checking with your chosen branch as I've paid cash into a first direct account at my local HSBC as recently as Feb 2023.
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Mirror

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Re: Post office money deposit cap
« Reply #37 on: 02 April 2023, 06:58:01 am »
There was a programme on BBC R4 this week about how bank closures have affected people who are visually impaired.  It's not good for them, interesting to hear another group of people affected by the move to reduce in-person access to banking. I've saved my long term current account, just cannot dare to pay in any cash. This isn't my main paying in account which doesn't have a 'no business use' t&c but now looking at and setting up alternatives so can pay in without significant journey within working hours (to get to a bank branch I need 2 hours on weekdays between 9 and 3pm, fuel and parking ticket)
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MsRedhead

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Re: Post office money deposit cap
« Reply #38 on: 03 April 2023, 11:32:27 am »
Quote from: Boudoir on 02 April 2023, 06:46:14 am
No Ms RedHead, very frustratingly most HSBC banks stopped accepting cash deposits a while ago, hence PO is the only way to pay in now.

some, not most. if you use the branch finder on their site, you can find them
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RB1

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Re: Post office money deposit cap
« Reply #39 on: 05 April 2023, 04:37:20 pm »
Quote from: VoluptuousCurves on 29 March 2023, 10:13:12 pm
Just standard on both. I'm about to send my info to Cashplus in the next couple of days. Fingers crossed.
X
« Last Edit: 19 September 2023, 11:23:57 pm by RB1 »
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Mirror

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Re: Post office money deposit cap
« Reply #40 on: 22 May 2023, 06:44:45 pm »
Quote from: jasmine89 on 22 May 2023, 06:34:09 pm


I’ve deposited a lot more than this into a personal account with Lloyds in a 24 hour period and in the 12 month period. I’ve never had any issues yet.  I pay HMRC from that account monthly though (with the budget payment plan for the upcoming year) and the amounts aren’t small so maybe they can already see I’m declaring it

Never deposited 10k in one go though

The account I am over the PO limit with has payments going to HMRC and had done for over 10 years, I've been told it's not me as an individual it's across that bank.
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MissBetty

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Re: Post office money deposit cap
« Reply #41 on: 23 May 2023, 07:30:48 am »
Quote from: Greta72 on 22 May 2023, 04:22:31 pm
If I know good, for personal accounts the limit  £1,000 per 24-hour period , and £10,000 per 12-month period. 

I have a personal account, I deposit roughly 3k a month through the post office in weekly deposits.  I've never had any issues yet, I also pay my accountant monthly and HMRC through same account. 

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RB1

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Re: Post office money deposit cap
« Reply #42 on: 23 May 2023, 11:40:22 pm »
Santander have been like this since September last year

Lloyd’s don’t seem to have put this in place yet or HSBC

« Last Edit: 19 September 2023, 11:24:20 pm by RB1 »
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Cgiw

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Re: Post office money deposit cap
« Reply #43 on: 28 May 2023, 08:23:07 am »
So, if I was going to start being careful about how much cash I paid into an account in a year, when do you think I should start counting from?
Like when would the counter reset?
1st April?
Or would it be a moving total covering the previous 12 months at any given point.
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Mirror

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Re: Post office money deposit cap
« Reply #44 on: 28 May 2023, 08:25:00 am »
Quote from: Cgiw on 28 May 2023, 08:23:07 am
So, if I was going to start being careful about how much cash I paid into an account in a year, when do you think I should start counting from?
Like when would the counter reset?
1st April?
Or would it be a moving total covering the previous 12 months at any given point.

The bank that brought this is would not, or could not tell me when I asked.
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