Both of us are in jobs where we are paid weekly in cash. We're not sure how much of it is put through the books.
Yes. They may ask but they don't care. Same as they ask for a PPS number when you open an account, I never give mine as it's not their business notwithstanding the fact that they are obliged to ask.The thing is though the bank doesn't really care what reason you give, their responsibility just lies with reporting it to their own internal money laundering officer who in turn will report if they feel necessary to a higher authority to be investigated.
I regularly deposit large cash sums into my bank , I lodged 20k cash this week that I won at Cheltenham
Hi. Myself and my husband are hoping to finish paying our mortgage next year, meaning we will have paid off a 30 yr mortgage in 7 years. We have been overpaying every month and paying off lump sums whenever we can. I'm just wondering what happens when u finish paying it off? Both of us are in jobs where we are paid weekly in cash. We're not sure how much of it is put through the books. So if you have to show evidence of how you paid off the mortgage so soon, we could be in trouble trying to explain it! Don't want to get our bosses in trouble. Do the banks ask questions about how you paid it off or just sign off on it? Thanks in advance.
You walk from the bookies with cash in this amount, regularly? I didn't think the High Street bookies paid out large amounts in cash any more? (I'm assuming you didn't bring it over from the on course bookmakers at Cheltenham)
It depends on the week and what kind of sports are on , but i'd always be paid out in cash , sometimes they will tell you to come back this afternoon or tomorrow , they either go to the bank to get it or other shops. But yeah I always take cash only and deposit to my bank then .
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