Maynardgravy Posted March 12, 2011 Share Posted March 12, 2011 My missus arranged a withdrawal the other day of £20,000 from a Natwest branch (arranged 5 dayes before). She ended up having a row with the cashier then manager because she refused to tell them why she was withdrawing the money. She kept telling them it was none of their business, but they wouldn't have it. in the end she threatened to call the police and they relented. i even had to speak to the manager on her mobile to tell him that what she wanted the money for was nothing to do with him. What's going on? Quote Link to comment Share on other sites More sharing options...
Mr. Miyagi Posted March 12, 2011 Share Posted March 12, 2011 Money Laundering Regulations Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted March 12, 2011 Share Posted March 12, 2011 Money Laundering Regulations ******. It was to try and her to 'invest' in one of their sh1t waste of money high commission cr4p products Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted March 12, 2011 Share Posted March 12, 2011 My missus arranged a withdrawal the other day of £20,000 from a Natwest branch (arranged 5 dayes before). She ended up having a row with the cashier then manager because she refused to tell them why she was withdrawing the money. She kept telling them it was none of their business, but they wouldn't have it. in the end she threatened to call the police and they relented. i even had to speak to the manager on her mobile to tell him that what she wanted the money for was nothing to do with him. What's going on? I withdrew £15K from Barclays a couple of years ago. Arranged it a few days in advance, they did ask what I wanted it for at the till and I said that I wanted some reserve cash in case the bank went bust. Cashier accepted that with a smile. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted March 12, 2011 Share Posted March 12, 2011 Fracking expensive the bird seed in your area. Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted March 12, 2011 Author Share Posted March 12, 2011 I withdrew more than this two years ago and refused to say why and it was just accepted. Why so different now? Quote Link to comment Share on other sites More sharing options...
Mr. Miyagi Posted March 12, 2011 Share Posted March 12, 2011 ******. It was to try and her to 'invest' in one of their sh1t waste of money high commission cr4p products Nah, it was because she was accompanied by a short tubby bloke with an Irish accent wearing a yellow high vis vest with 'Shamus Garden Services' written on the back. Quote Link to comment Share on other sites More sharing options...
Jimmer Posted March 12, 2011 Share Posted March 12, 2011 next time just tell them that your friendly neighbourhood coke distributor doesn't take cheques Quote Link to comment Share on other sites More sharing options...
Mr. Miyagi Posted March 12, 2011 Share Posted March 12, 2011 next time just tell them that your friendly neighbourhood coke distributor doesn't take cheques Seriously, I wouldn't Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted March 12, 2011 Author Share Posted March 12, 2011 next time just tell them that your friendly neighbourhood coke distributor doesn't take cheques ironically, i know one that did. Quote Link to comment Share on other sites More sharing options...
wherebee Posted March 12, 2011 Share Posted March 12, 2011 a lot of times, eldery people taking out large amounts of cash are being ripped off by 'tinkers' and the like. The Banks train staff to look out for such cases, especially vulnerable women. I know of a few cases where they saved victims tens of thousands. does your missus look confused? Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted March 12, 2011 Author Share Posted March 12, 2011 a lot of times, eldery people taking out large amounts of cash are being ripped off by 'tinkers' and the like. The Banks train staff to look out for such cases, especially vulnerable women. I know of a few cases where they saved victims tens of thousands. does your missus look confused? She's a 32 year old doctor.... so yes. Seriously though, she went through all the security checks and some. This is some kind of census. Quote Link to comment Share on other sites More sharing options...
Oliver Sutton Posted March 12, 2011 Share Posted March 12, 2011 My missus arranged a withdrawal the other day of £20,000 from a Natwest branch (arranged 5 dayes before). She ended up having a row with the cashier then manager because she refused to tell them why she was withdrawing the money. She kept telling them it was none of their business, but they wouldn't have it. in the end she threatened to call the police and they relented. i even had to speak to the manager on her mobile to tell him that what she wanted the money for was nothing to do with him. What's going on? Typical of the UK. Banks get away with anything yet ordinary Joe's get treated like criminals from the off. Knuts. Quote Link to comment Share on other sites More sharing options...
skewed value Posted March 12, 2011 Share Posted March 12, 2011 I had a similar problem last year at HSBC when I took out some cash to buy a car. They refused to let me have it without my cheque book. I ended up having a row with the branch manager after they told me my bank card, and driving licence photo I.D were insufficient, and that my cheque book was required as it was more secure. After asking why cheques were being phased out as a means of payment (fraud) she started to understand the banks arguement was flawed. I got my money. Natwest seem to cross sell with every transaction. My partner was trying to move some money to another account recently, and ended up with a hard sell on a fee charging account. They filled out the details and tried to force her to sign it. She's moved bank since then. They're getting as bad as mobile phone salesman. Quote Link to comment Share on other sites More sharing options...
Kyoto Posted March 12, 2011 Share Posted March 12, 2011 Out of interest, why did you need to take out £20,000 in cash? Quote Link to comment Share on other sites More sharing options...
athom Posted March 12, 2011 Share Posted March 12, 2011 You don't need to refuse to give them something to put on the form, just make something up. Just say second hand car/boat/plane/hovercraft etc Will make your day much less stressful and they still get nothing useful from you. Quote Link to comment Share on other sites More sharing options...
Number79 Posted March 12, 2011 Share Posted March 12, 2011 As said before it is money laundering regs, anything over £10k is registered and notifiable so they have to ask. Either draw out £9.5k twice or tell them you are blowing it on coke and whores. The MLR also cover gold purchases over £5k in one order or £10k a year. Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted March 12, 2011 Author Share Posted March 12, 2011 Out of interest, why did you need to take out £20,000 in cash? Shiny metal stuff Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted March 12, 2011 Author Share Posted March 12, 2011 As said before it is money laundering regs, anything over £10k is registered and notifiable so they have to ask. Either draw out £9.5k twice or tell them you are blowing it on coke and whores. The MLR also cover gold purchases over £5k in one order or £10k a year. But she refused to tell and got her way. Quote Link to comment Share on other sites More sharing options...
Number79 Posted March 12, 2011 Share Posted March 12, 2011 But she refused to tell and got her way. well, dont spend it all in one go, one name or one place on shiny metal stuff otherwise your details will be reported anyway and you will have achieved nothing. Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted March 12, 2011 Author Share Posted March 12, 2011 well, dont spend it all in one go, one name or one place on shiny metal stuff otherwise your details will be reported anyway and you will have achieved nothing. Actually, it is under the radar. the 'metal' was bought months ago by a 'relative'. It's a good deal. Quote Link to comment Share on other sites More sharing options...
leicestersq Posted March 12, 2011 Share Posted March 12, 2011 Shiny metal stuff The reason why they have to ask is because it is the law, and the reason it is the law is because people can get away with illegal transactions far more easily with cash, so it is right for suspicions to be raised with the authorities. I cant think of many legal reasons for needing that money, when you could just buy something with your card. And in this case they were right to be suspicious, as you intend to break the law if I read your statement correctly. Quote Link to comment Share on other sites More sharing options...
Number79 Posted March 12, 2011 Share Posted March 12, 2011 Actually, it is under the radar. the 'metal' was bought months ago by a 'relative'. It's a good deal. nice, and off the radar. I used to have stuff shipped to the in laws for the same reason that and if anyone gets their door kicked in I think it should be them Quote Link to comment Share on other sites More sharing options...
Number79 Posted March 12, 2011 Share Posted March 12, 2011 The reason why they have to ask is because it is the law, and the reason it is the law is because people can get away with illegal transactions far more easily with cash, so it is right for suspicions to be raised with the authorities. I cant think of many legal reasons for needing that money, when you could just buy something with your card. And in this case they were right to be suspicious, as you intend to break the law if I read your statement correctly. idiot Quote Link to comment Share on other sites More sharing options...
Lagarde's Drift Posted March 12, 2011 Share Posted March 12, 2011 Actually, it is under the radar. the 'metal' was bought months ago by a 'relative'. It's a good deal. If you are not far from a city, why not buy a bit every month or so with cash? Evens out the fluctuations, at the end of the day, it's not an "investment" it's a protective hedge. Quote Link to comment Share on other sites More sharing options...
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