Bank Useage

[tooj]

My wife recently drew money from a LLoyds cash machine. She took it into HSBC Bank to pay into our sons account. They refused to accept it and sent her bck to LLoyds and told her to pay it in there and they would transter it to HSBC. Can this be possible that you can no longer pay cash into a bank account. It all changed in December she was told. We don't go into Banks very often so we k ew nothing about it.

[Neveracrossword]

I don't know about HSBC and Lloyds, but I do know that I wasn't allowed to pay cash into my daughter's Nationwide account -I could only do that if I had a Nationwide account myself. These new 'rules' are because of all the money-laundering stuff. They have upset a lot of people - grandparents, say, wanting to put a £20 birthday present in for their grandchild.

[Stephen_G]

Happened to me not to long ago, tooj. Tried to pay money into a Lloyds account. It's all to do with the new Data Protection Regulations, that came into force in April. My Bank (Yorkshire) would have charged me to transfer the money.

You'll just have to accept the fact that you can no longer transfer the money the way you used to...

[gingejbee]

I'm tempted to say that it's much easier to simply transfer funds electronically without the "cash out/cash in" palaver, which suits the banks too, of course.

[tooj]

Thanks If my wife had pretended to be my son couild she havepayed the money in.
Does this mean if I get paid in cash I can'tpay it into.
my account?

[ToraToraTora]

i paid over 6 grand in about 3 weeks ago, dunno what you guys have been attempting.

[gingejbee]

^^you can pay cash into your own account...

[ToraToraTora]

I see ginger, so why would anyone go ti an actual bank to pay money into another account? Faster payments net transfer, end of.

[ToraToraTora]

"Thanks If my wife had pretended to be my son couild she havepayed the money in. " - then she's making completely different lifestyle choices!

[gingejbee]

[email protected] the point I was making at 15.06...

[237SJ]

I doubt it would work if your wife pretended to be your son as (in my bank at least) you have to present a debit card to pay money in

[Neveracrossword]

Although many older people are more computer-savvy than me, I do know of quite a few who will have nothing to do with internet banking. I'd be happier for them to be able to pay cash in at a bank than stick a £20 note in a card and trust it to the postal system.

[Tuvok]

My bank would not let me pay into my brothers account without his account number - as if they looked up his details it would be confirming he had an account with them - and that's not allowed.

I go in with his number written down - no problem.

[Stephen_G]

I had a piece of paper in my wallet with the names of my Sister and Brother-in-Law (As it would have appeared on their joint account), their account number, sort code, address and telephone number of their bank in Yeovil, Somerset (I live in Stockton-on-Tees). I used to be able to go into my branch of Lloyds, pick up a form and fill in all their details, go to the desk and pay in the money I wanted to. Now, you can't, thanks to General Data Protection Regulation.

You can still pay in cash to your own account. I doubt that the Bank would have allowed your Wife to pay money into your son's account, tooj, because of the GDPR.

[THECORBYLOON]

Not everyone has online banking and even if you do, errors can be made transferring money online.

[Bazile]

//I had a piece of paper in my wallet with the names of my Sister and Brother-in-Law (As it would have appeared on their joint account), their account number, sort code, address and telephone number of their bank in Yeovil, Somerset (I live in Stockton-on-Tees)//

A tad irresponsible , don't you think ?

[gingejbee]

This is a case of "this is how it's done now - if you don't like it, make alternative arrangements".
I'm sure we would all like things to be done in a way that suits us personally.

[THECORBYLOON]

STEPHEN, the GDPR legislation was introduced in 2018, not this year.

The restriction on payments to a third-rate are nothing to do with GDPR. I can see why there is an issue if someone doesn't know the other account number but the same restrictions apply even when the other account number is known.

The issue is, as others have said, preventing or reducing money-laundering.

[Peter Pedant]

// I'm sure we would all like things to be done in a way that suits us personally.//
that is called customer service innit?

we pay for it and what we get is
that is how it is done and if you dont like it we dont give ffrack oh and if you do go elsewhere we will keep your money and say we have never heard of you

[KARL]

This is a particularly British example - people from elsewhere in the western world have for over 50 years been telling me of the various legendary absurdities of British banking practice (so far as the private individual is concerned).

[fiction-factory]

Do you ever have a good word for anything to do with Britain, Karl?

Can you no longer deposit cash via a machine at banks? Perhaps you need the card