Am I about to do something stupid?

[Troubleatmill]

My Corvette ended up in Sweden. Funds done by bank transfer. All was well

[FredClogs]

I'd have saved the shipping and driven it over there, you can't really beat the Norwegian cost line this time of year, in a mid engined V6 it would have been the perfect Au revoir. Anyway I hope everything goes ok, sounds like it will.

[moebiusuk]

bracken78 said:

I think your doing everything fine. I sold an S2000 and the chap arrived with about £16k in cash and we went straight to my bank and they countered and paid it in. Your effectively doing the same but with the agent.

How long ago was that? Because these days, the banks are pretty strict about dealing with that amount of cash aren't they? Money laundering and all that.

[manmaths]

moebiusuk said:

How long ago was that? Because these days, the banks are pretty strict about dealing with that amount of cash aren't they? Money laundering and all that.

It's not uncommon for Joe public to deposit a large amount of cash, which wouldn't necessarily raise a flag regarding money laundering. One of the reasons they might get tetchy about big cash deposits is that they are only insured to hold a certain amount of cash. A large deposit might put them over their limit and they might have to wait a day for a cash collection.

If the OP phones and makes an appointment that would be the best thing to do.

Advance notice will help them keep the cash levels within limits. Also allows you a bit of privacy and will keep the cashier tills moving along for basic every day transactions. Standard practice in the branch I worked in was to deal with large deposits or withdrawals in a private area of the branch, with 2 members of staff.