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my credit is bad but i can open an account with over 100K will that help me get an account
or not?
thx
steve
I don't think coming in with a duffel bag full of cash is going to help if you have really bad credit. It would probably make them think you're trying to launder money.
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You would never put that amount of money into one bank account these days, it will be well over the amount that is covered by the banking guarantee following on from the days a few years back when our biggest banks were found to be screwing everyone over and they were forced to offer an amount that they would guarantee to not lose for us!
If he laundered money out of his 17 year old step childs account, I am sure he can launder out of his girlfriends too.
Money laundering is the generic term used to describe the process by which criminals disguise the original ownership and control of the proceeds of criminal conduct by making such proceeds appear to have derived from a legitimate source.
You would never put that amount of money into one bank account these days, it will be well over the amount that is covered by the banking guarantee following on from the days a few years back when our biggest banks were found to be screwing everyone over and they were forced to offer an amount that they would guarantee to not lose for us!
I read the limit for bank accounts is now £75K insurance payout
Its been that since the start of the year. £10k cut!
The reason for it is it is set against the €. Because the £ is so strong against the € at the moment it reduces the compensation to be in line with the rest of the EU
Its also worth noting that it is per bank charter though not per bank
If 2 banks are part of the same group and they use the same charter then the limits for both combined is £75k
No credit check bank account needed 
