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Author Topic: Help -My bank is closing my account (because of cash deposits)  (Read 14533 times)

cherryfcuk

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Re: Help -My bank is closing my account (because of cash deposits)
« Reply #90 on: 01 May 2024, 06:58:49 pm »
yep just started that process today. Tried to pay for something on amazon but card has been declined. Called the app and was told theyre closing my account and funds can be withdrawn through a cheque i ca go into nay branch to receive. bugger

Yes my account was closed last year - i opened 4 other accounts to spread out my cash - never had any issues since.

RB1

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Re: Prostitution in the digital world
« Reply #91 on: 01 May 2024, 07:11:55 pm »
Create a business account, you can change display name to something else than your legal name

Most business accounts have been changing there terms & conditions  if your a sole trader want you to use your real name on transfers

Femme fatale

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Re: Help -My bank is closing my account (because of cash deposits)
« Reply #92 on: 01 May 2024, 07:26:43 pm »
A dumb question
How are you supposed to set up account in a different name other than your own ( as proof of ID is required.
So how do you get around that setting up under any other name for bank transfers

amy

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Re: Help -My bank is closing my account (because of cash deposits)
« Reply #93 on: 01 May 2024, 07:58:56 pm »
A dumb question
How are you supposed to set up account in a different name other than your own ( as proof of ID is required.
So how do you get around that setting up under any other name for bank transfers

Assuming you're not talking about committing fraud by trying to open a personal account in a false name, you open a business account and use a business name which is the one that shows on people's statements when they make payments to you.

Different banks have different rules about this though, so check first :)

I find PayPal a bit risky as it can share your address, let's face it, none of us need that!!

More risky with PayPal is that if they find out you're taking payment for anything sex work related they'll freeze your account and take the money back.

Serendipitydo

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Re: Help -My bank is closing my account (because of cash deposits)
« Reply #94 on: 01 May 2024, 08:32:06 pm »

More risky with PayPal is that if they find out you're taking payment for anything sex work related they'll freeze your account and take the money back.
[/quote]

Wow, hadn't even realised that!

Serendipitydo

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Re: Help -My bank is closing my account (because of cash deposits)
« Reply #95 on: 01 May 2024, 08:34:21 pm »
I hope that I don't sound mega thick here (well not more than usual!)....... can't you still get those top up cards?.... you know like mini visas or mastercards that you can top up for kids???

amy

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Re: Help -My bank is closing my account (because of cash deposits)
« Reply #96 on: 01 May 2024, 08:59:54 pm »
Right, with apologies to Fifi who started the other thread I've merged the two together because at the moment we literally have two threads running at the same time with people making virtually identical posts, and stuff is going to get missed :)

Most business accounts have been changing there terms & conditions  if your a sole trader want you to use your real name on transfers

Mine is still fine, although I only really use it to pay my salary monthly anyway. At the time of writing, the banks I know which don't have annual limits on cash deposits into personal accounts are Lloyds, Nationwide and Santander (and possibly Halifax if Lloyds don't, aince they're the same banking group)?

I hope that I don't sound mega thick here (well not more than usual!)....... can't you still get those top up cards?.... you know like mini visas or mastercards that you can top up for kids???

I don't know a lot about prepaid cards, but I've used them in the past and there are definitely people here who do. There may be some stuff on the Deposits thread :)

Femme fatale

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Re: Help -My bank is closing my account (because of cash deposits)
« Reply #97 on: 01 May 2024, 09:43:30 pm »
Assuming you're not talking about committing fraud by trying to open a personal account in a false name, you open a business account and use a business name which is the one that shows on people's statements when they make payments to you.

Different banks have different rules about this though, so check first :)

More risky with PayPal is that if they find out you're taking payment for anything sex work related they'll freeze your account and take the money back.

Thankyou Amy much appreciated.
I think if I worked full time I'd do it. Definitely not planning fraud of any kind

RB1

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Re: Help -My bank is closing my account (because of cash deposits)
« Reply #98 on: 01 May 2024, 11:04:35 pm »
I hope that I don't sound mega thick here (well not more than usual!)....... can't you still get those top up cards?.... you know like mini visas or mastercards that you can top up for kids???


You can get pre paid travel cards from Asda Tescos Sainsbury’s they are all easy to use
Pre paid bank account Suits me  ( they are also content maker friendly )

There are few more

ladyofthemansion

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I hope that I don't sound mega thick here (well not more than usual!)....... can't you still get those top up cards?.... you know like mini visas or mastercards that you can top up for kids???

Yes but they are also notorious for freezing your account and keeping your money.
I'm glad I got all the Cynthia Payne books before the prices rocked to sky high.