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Opening a bank account

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Nottm_George | 11:06 Mon 10th Sep 2012 | Business & Finance
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Can anyone tell me how much I can deposit in a bank account before I need to show proof of where it as come from. Thanks
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There was thread here.. It may also depend on how well they know you and the typical sort of transactions you have
To a certain extent you need to prove where all money comes from to comply with money laundering regulations.Obviously banks don't bother about small amounts now and again.
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Thanks both I know there is a limit I can deposit but I was wondering how much it is.
No set amount, it depends on the normal conduct of your account. A market trader paying in load of cash would need to deposit a very large amount before raising a query, but someone who just gets a regular salary/pension by BACS would get flagged up if they suddenly paid in large sum/sums
Your title says 'opening an account'. I think they may look more closely at a large payment into a new account than they would for a customer they know well.

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Opening a bank account

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