See also the main SAAFE.info site for more Support And Advice For Escorts

« previous next »
Pages: 1 ... 6 7 [8]

Author Topic: Help -My bank is closing my account (because of cash deposits)  (Read 16817 times)

englishrebecca121

  • Sr. Member
  • ****
  • Posts: 665
Re: Help -My bank is closing my account (because of cash deposits)
« Reply #105 on: 18 May 2024, 11:33:45 pm »
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 ?
Logged

RB1

  • Sr. Member
  • ****
  • Posts: 629
Re: Help -My bank is closing my account (because of cash deposits)
« Reply #106 on: 19 May 2024, 08:19:53 am »
Quote from: Serendipitydo on 14 May 2024, 08:25:08 pm
...Just a little thought.

Not all of us have been fortunate enough to get mortgages (YET).... but anyone can pay cash into those accounts.

Would that mess you up?


.....oh and you will get your home finance if you are sensible by the way!! Check out what the ladies had to say about this.

Most banks will only let the card holder pay in cash
So you need the debit card
You used to be able to have a paying in slip which meant anyone could pay it in for you

I wound up contacting one of the mortgage brokers that they recommended on this site.

It took a while and I had to jump through a few hoops but my home is now my own, it can be done. Thank you to the women who have helped me. xxxxxxx
Logged

lora

  • Full Member
  • ***
  • Posts: 165
Re: Help -My bank is closing my account (because of cash deposits)
« Reply #107 on: 19 May 2024, 10:55:12 am »
Quote from: englishrebecca121 on 18 May 2024, 11:33:45 pm
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
« Last Edit: 19 May 2024, 10:57:42 am by lora »
Logged

amy

  • Administrator
  • Sr. Member
  • *****
  • Posts: 15,560
Re: Help -My bank is closing my account (because of cash deposits)
« Reply #108 on: 19 May 2024, 01:52:55 pm »
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 ::)
Logged

V24

  • Full Member
  • ***
  • Posts: 130
Re: Help -My bank is closing my account (because of cash deposits)
« Reply #109 on: 19 May 2024, 03:51:19 pm »
Quote from: amy on 19 May 2024, 01:52:55 pm
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. 
Logged

amy

  • Administrator
  • Sr. Member
  • *****
  • Posts: 15,560
Re: Help -My bank is closing my account (because of cash deposits)
« Reply #110 on: 19 May 2024, 04:22:17 pm »
Quote from: V24 on 19 May 2024, 03:51:19 pm
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.

Then that's probably what the confusion is :)

The exact message I have is: 'there has been no limit or change to branch deposits/withdrawals. the limits are only in place when depositing through a non-branch source, like a post office or a cash machine.'
Logged
Pages: 1 ... 6 7 [8]
« previous next »