Bank Branch Deposit

[tali1]

My friend says he tried to deposit £1000 at Llyods bank- and he was asked the source- i find that a bit surprising -as i thought the amounts were generally far higher ?
Also, a friend owed him 5k and transferred into his account.My friend then transferred that to a new isa he had opened.He then got a letter from LLyods about the transaction.
Admittedly the 5k was a one -off payment but my friend has a reasonable income coming in every month.
No doubt banks will have their own criteria but it seems Llyods set the strictest thresholds ?

[bednobs]

no they all do it now

[Tilly2]

Money laundering safeguards.

[TonyV]

All to do with money laundering that banks are worried about.

[Tuvok]

I'm never asked when I put £1k in cash into my bank, nor am Ai asked when I withdraw it from another bank.

[tali1]

Tuvok -Exactly it can't be blanket "Money laundering"