How Much And How Often Do You Need To Put Cash Into A Bank Before The Bank Gets Suspicious…?

1. DAVE G Says

   Banks have to report cash deposits of over £7000 – so you have no need to worry.

2. stanthem Says

   they would not get suspicious,, 1 grand is very little in banking terms so you will be OK. But One Thousand Pounds for a handbag!!!!! You need to take a reality check. You could pay two months rent at uni with that, have a holiday, buy a whole new wardrobe. It is 2/3 of your grant for a term. Stop allowing these people to rip you off.

3. Skippy K Says

   The banks do report suspicious amount of cash under the money laundering regulations but your grand isn’t going to set off any alarms.
   If your bank is rude enough to question you about it tell them it’s none of their business and take your money to another bank.

4. peter p Says

   Get down to petticoat lane in london you will get a designer handbag for less.

5. Samiamia Says

   From a police point of view anything over £1000 needs a reasonable explanation if the person is suspected of money laundering etc.
   From a bank point of view, it will have to be much more and they too will have to have suspicion to look into any transactions.
   I am a police officer now, but up until a few years ago finance was my main occupation. Since being a cop I have dealt with frauds where people have had 30k/40k upwards going into and out of their accounts on a weekly basis and the banks haven’t batted an eyelid.
   I wouldn’t worry about the amounts your talking about, it’s nothing to a bank in the grand scheme of things.

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