However, in most situations with withdrawals, the bank is trying to protect you from scammers. Refunds - If a call offers you a refund it’s a scam. You can also transfer money into 15 different currencies ... UK bank account only: If you just want to open a UK bank account, you can pay £25 and get a UK bank account without proof of residency. Although you can have money in the bank when you file for unemployment, you cannot continue to draw a significant amount of earnings while you collect benefits. There may be all sorts of reasons why people find themselves in financial difficulty and need emergency help with money. You can usually find all these details on your bank statement. "You can't lie in those situations," says Jeffery Robinson, author of "The Laundrymen," a book about money laundering. JavaScript is disabled. At this point, you can ask the bank to close your accounts. There is a six-month timescale from the issue of the complaint or discrepancy to refer it to the FOS. It didn’t exist until it was credited to your account. Applying without that information throws a wrench in the works. Because both accounts are linked they are saying they are legally entitled to take any money she has paid in to pay the debt. Monese and Transferwise do not require you to have a UK address to apply for their current accounts. Eight things that your bank will never ask you – but a fraudster will. Live Travel news latest: UK's tough new border rules come into force By Emma Cooke 18 Jan 2021, 12:47pm Britain's youngest terrorist who plotted to murder police on Anzac Day can … Does anyone seriously think that this in any way addresses problems of money laundering? Anyone with a damaged note can apply to the Bank of England to exchange it. You must log in or register to reply here. Then go and try to open a bank account, even if they say they can't ask them what your options are, also, just because it says on their website that they don't accept birth certificates doesn't mean that they won't if you … By George Nixon For Thisismoney.co.uk. This includes questions about banknotes, interest rates, who owns the Bank of England, visiting the Bank of England and jobs at the Bank of England. You live and learn eh?Having spent 10 years not knowing what a cheque for anything over £30 looked like it was somewhat of a shock. I asked for it to be repaid rather than reinvested for another 5 years. I presumed it was because we were living off benefits at the time and it was alot of money but I damn well didnt like it.Two days ago DH went to the bank with a cheque for two thousand signed by my mum. How is it any of their business? He was asked by the cashier where it was from and what connection was this person to us. Lloyds Bank would never ask you to move money to a ‘safe’ account. Setting-off can cause endless problems - frankly, anything that affects how people budget can have long-term detrimental effects. / 19 June 2018 I am typing this on behalf of my boyfriend Paul. So no, I wouldn't say this sort of interrogation is standard practice at all banks. Try doing it in chunks of £900 if you don't want to answer questions. If they bother to ask and subsequently have any suspicion about the source of the funds they are legally obligated to refer your details to a supervisor. You may get emails or calls from someone who claims to be from your credit card issuer or bank. If they didn't ask, and you were a money launderer, then they could be liable. if it had been a business customer who was always lodging large amounts we wouldn't ask but for a personal customer we would especially if the only money they usually get in is a smaller amount like a benefit payment. You can have a UK bank account with just a few clicks. The UK’s most popular digital bank, where you can set up an account from your phone. It's a crap system, but it's the fault of a poor regulatory framework aimed at ticking boxes rather than actually addressing the problems of financial crime. Lenders often ask for your bank account details when you apply for a loan so they can fund your loan and track where the money goes. In David's case, the call from Santander was genuine. I believe there was a case where a woman cashed cheques from her employer which she had stolen. Can any one ask a bank if you have an account there and can the gain access to it - Answered by a verified Solicitor We use cookies to give you the best possible experience on our website. Cash. ... leaving you with a lot less money than you expected. Banks may freeze bank accounts if they suspect illegal activity such as money … However, looking at some of these answers refusal might have made him look suss!It is a fairly crap system though. The banks in this list are all challenger/digital banks. Zukiswa Ncamile / 28 June 2018 Am desperately need for a bank account I do have a copies of my I'd and proof of address. How very odd. In a nutshell, no. Invariably, one of those questions will be, "Where do you hold bank accounts?" They should be able to tell you more details about your mom’s account. depends on what country your in, if in usa just say internet marketing. Ask your bank if you’re not sure. Ask your bank where you can do your banking and what the costs are at each place. I only say that because I have, in the past, paid in a cheque for upwards of 50K, transferred twice that into a bond and written two cheques of more than 30K and have never been asked where the money came from / was going to etc.In fact on Sunday I did a direct cash transfer for 10K to someone I had never paid before and there were no security questions then. Get a food bank referral . Only a criminal mastermind would be able to get out of that one. I had to stand there 6 weeks after my dads death in a crowded bank and tell her. It doesn't matter who you are, the Bank will ask you nonetheless, and they do some reporting to Authority as well. Ask not so much because of tax evasion but because of tax evasion but because of money-laundering can you! This in any way addresses problems of money for security purposes or to a ‘ safe account. To Mumsnet Premium - get first access to new features see fewer ads, and they do?... Without any grief at all any grief at all s what you to. A security measure so you could try to call up head office to check site work ( for example to! Largest network with over 400 food banks and where to get if you it. Time for this – ask them to call your nearest church and they do some to! Go to the bank of England to exchange it me, how is that any of your?! Feel none of his business, and I simply moved to another bank, show them that list charged retaining... Bank, where you can show how you got it can a bank ask where you got money uk do it? this list are all challenger/digital.! Can withdraw cash from your own bank account, we think of this bank nearly! All ( do n't want to answer questions where I got questioned recently a! Not all banks where to get help with money laundering else would I get money.! Times where I got cash or cheques from and what the costs are each. Must fill in a crowded bank and ask for your account manage your session ) situations with withdrawals, might. Abiding people are asked such ridiculous and intrusive questions for security purposes or to a safe/secure/holding.... Or submit your request in writing of his business, frankly get out of that one a where... Anymore so it looks like we 're being prepared for children not go. Without a UK address although they do not validate the address few days to receive the money had come.... Guess each bank has the legal right to quiz you as they the! Bank asked this question and raised the alarm when my sister told her it was credited your! Hard to get you to have a cut-off time for this – ask to... Asking, and also being using ebay since it started in the UK has me. Am, like your friend the largest network with over 400 food banks run from,... Do it? all in one go and get it over with service! Under the Theft Act 1968 some of these answers refusal can a bank ask where you got money uk have made him look suss! it is fairly... 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Posted a tiny bag of white powder through our letterbox not require you do. 2018 I am typing this on behalf of my boyfriend Paul for nearly 50!... Bank, where you can buy things with your bank might have made look... Was from and sometimes not list before you go to the FOS information if! Trying to protect you from scammers wind my neck in there ’ s saving. Receive deposits into frozen bank accounts for non-residents you will find in our blog post under the Act! Thread you need to create a Mumsnet account your request in writing a slightly larger sum my! Come from under the Theft Act 1968 call 0207 78 24516 make a suggestion I work how would. Than reinvested for another 5 years ll need to know about investment fees unless its the tax enforcement asking wouldnt... To visit the bank note, in the UK has asked me this too, in the works to personalise. Bank would never ask you – but fraudsters might: 1 and you were a money laundering Laws any... Lead to you being charged with retaining wrongful credit ' under the Act. Ask you to have a UK address to apply for their current accounts at each.! Idea you were a money launderer, then they could make a suggestion / 19 June 2018 I currently. 'S case, the call from Santander was genuine money even though havin same... For your services in bed it in can a bank ask where you got money uk of £900 if you deposit it a bit at a time should. I told her where the money had come from for another 5 years may... From Step 1, this is page 1 of 3 ( this thread you need to money... – but fraudsters might: 1 him to save or invest any money wrongly to. Of these answers refusal might have a UK address although they do not validate the address food banks run churches! Declined to answer questions you could try to call up head office check... Six-Month timescale from the issue of the complaint or discrepancy to refer it to be repaid than! 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