eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home

eBay Suspended & PayPal Limited Forums

eBay Suspended & PayPal Limited Forums (https://www.aspkin.com/forums/)
-   Everything Else (https://www.aspkin.com/forums/everything-else/)
-   -   Money talk (https://www.aspkin.com/forums/everything-else/59750-money-talk.html)

chrisfo 05-07-2013 09:24 AM

Money talk
 
Hello guys.

Would like to get some advise on a few things.

1. If you are having money go into a bank account from paypal say around £1000 a day (not all together) will the bank start asking questions after a while?

2. Can you spread these out with different bank accounts?

3. Will the bank block your account if you keep on opening and closing online savers, or any savers accounts that can be opened online, but need to be closed in branch.

Basically I will start getting a lot of money through sales and so on but all stealth and would just like some advise on what will happen or what I could do in advance.

rsot 05-07-2013 10:27 AM

1. Depends - if you drain the account all the time, possibly...if you leave a nice balance, less likelihood of questions.

2. DEFINITELY SPREAD

3. Yes if done too quickly in a short period - space it out and use your logical discretion.

chrisfo 05-07-2013 10:34 AM

Of course it all depends on the bank.

Thanks, one more question i would like to ask..

4. would the bank ask questions if you pay a lump sum in cash at a branch say between £6k and £20k?

Or should i spread it out over a year into say a savings account?

JamesNorth101 05-07-2013 12:28 PM

Bank is unlikely to ask questions with lump deposits of £6-20k, but that is dependent on frequency.

rsot 05-07-2013 02:07 PM

4. Here in North America, there is a 9999 limit of cash before paperwork is needed to be filed. I would suspect same'ish in UK...if you can spread it, why not? No rush in my opinion.

Sandy D 05-07-2013 10:36 PM

You must be careful with large sums going through many bank accounts.

Dont know your laws in the UK but here in the US running tons of money in and out of accounts will be monitored.

Spread yes, but it will be looked at if massive amounts go through with your name on them I believe.

GreenBean 05-07-2013 11:23 PM

You need to speak to the correct people to get the correct advice on this.

A forum where you get replies from North American based users is not the right way.

UK banks have four different type of legislation that they must obey in regards to their customers' funds.

Broadly what you outlined will see many issues.

Only a professional will give you the advice you covet.

This way you are protected from errors and suppositions.


All times are GMT -5. The time now is 11:44 PM.

vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger


Aspkin Group

All times are GMT -5. The time now is 11:44 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58