Bank drafts

Discussion in 'UK Motorcycles' started by Ben, Oct 18, 2006.

  1. Ben

    CT Guest

    I started off with a little pot. Which I filled, so I started another.
    Not using a bank very much[1] I never got the little bags, so when the
    second pot was full they were both emptied into a carrier and I started
    again. The bag got put in the bottom of the wardrobe and kept getting
    topped up. Eventually there was too much to bag up and take to the
    bank anyway. This was over the course of about three years.
    This is, of course, true. There was a nice little queue of onlookers
    once I'd done all mine. I think most of them had a one or two small
    money bags each.

    [1] I tend to do everything on-line or use the cash/paying-in machines
    outside of hours.
     
    CT, Oct 19, 2006
    #41
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  2. Ben

    Ace Guest

    I'm astonished. What gives them the right to even ask, let alone
    (imply they might) refuse to give youthe cash otherwise. I think I'd
    be moving my account pretty damned sharpish if anyone did that to me.
    It's my fucking money, after all.

    One of the things I quite like about the Swiss is that they still
    regard cash as a normal method of payment for large purchases like
    cars, bikes etc. and that even a relatively small post office branch
    can quite happily dish out 30-odd grand (Swiss) in notes without
    batting an eyelid. 'Course, it helps that they have 1000 franc notes.

    --
    _______
    ..'_/_|_\_'. Ace (brucedotrogers a.t rochedotcom)
    \`\ | /`/ GSX-R1000K3 (slightly broken, currently missing)
    `\\ | //' BOTAFOT#3, SbS#2, UKRMMA#13, DFV#8, SKA#2, IBB#10
    `\|/`
    `
     
    Ace, Oct 19, 2006
    #42
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  3. Ben

    platypus Guest

    This'll be anti-money laundering legislation, Sarbox, that sort of thing.
    In Switzerland, you can buy motorcycles with big chunks of Nazi gold.
     
    platypus, Oct 19, 2006
    #43
  4. Ben

    CT Guest

    I did wonder myself.
     
    CT, Oct 19, 2006
    #44
  5. <snip>

    <snip>

    I'm amazed all the coins were still legal tender ;-))
     
    The Older Gentleman, Oct 19, 2006
    #45

  6. Good point, well made.
     
    The Older Gentleman, Oct 19, 2006
    #46
  7. Ben

    darsy Guest

    sorry, I wasn't being clear - I was selling - this was /paying the
    cash in/ to the bank.
    Other than this, my bank have been fine over the years. I would
    imaging the reason they balked at taking so much cash was either
    forgery or money laundering.
    whereas increasingly fewer places in the UK will accept anything
    larger than a £20 note.
     
    darsy, Oct 19, 2006
    #47
  8. Ben

    darsy Guest

    indeed - these days if I were selling a bike privately, I'd just try
    and arrange a transfer from my online banking to the vendor's account.
     
    darsy, Oct 19, 2006
    #48
  9. Ben

    darsy Guest

    No - I think I first heard it from Simon K.
     
    darsy, Oct 19, 2006
    #49

  10. Because all the change is in the pot, of course. Duh.
     
    The Older Gentleman, Oct 19, 2006
    #50
  11. Ben

    CT Guest

    If I have the change on me, then I will.

    What seems to happen is, for whatever reason, that eventually I'll end
    up with a pocket full of change[1]. I'll take this out at home and put
    it somwhere with keys, phone etc. When I come to go out again, I don't
    automatically pick up all the change as I don't want to start off with
    a pocket full of change. It then accumulates and gets put into a pot.

    I won't keep change inside a wallet or use a manbag. YMMV. :eek:)

    [1] This is especially true after a night in the pub.
     
    CT, Oct 19, 2006
    #51
  12. Ben

    Ace Guest

    I realised after I'd written the reply, but I decided to let the
    comments stand. I _still_ don't see how they have any right. And if
    it's, as stated elsewhere, due to guvmint legislation, then frankly
    the country's in a worse state than I imagined.
    Presumably down to forgeries. Dunno if the Swiss notes are more
    difficult to forge or what.

    --
    _______
    ..'_/_|_\_'. Ace (brucedotrogers a.t rochedotcom)
    \`\ | /`/ GSX-R1000K3 (slightly broken, currently missing)
    `\\ | //' BOTAFOT#3, SbS#2, UKRMMA#13, DFV#8, SKA#2, IBB#10
    `\|/`
    `
     
    Ace, Oct 19, 2006
    #52
  13. Ben

    Ace Guest

    And it's amazing how often the shopkeeper will thank you for it,
    'specially if you've got the whole lot in change.

    --
    _______
    ..'_/_|_\_'. Ace (brucedotrogers a.t rochedotcom)
    \`\ | /`/ GSX-R1000K3 (slightly broken, currently missing)
    `\\ | //' BOTAFOT#3, SbS#2, UKRMMA#13, DFV#8, SKA#2, IBB#10
    `\|/`
    `
     
    Ace, Oct 19, 2006
    #53
  14. It has to do with the money-laundering rules - apparently it was a
    favourite way for villans to convert their ill-gotten gains into clean
    money:

    Take sackful of dirty money to buy car (with false ID)
    Hand over cash, drive car away
    Sell car next day for nice clean, untraceable cash.
    I suspect that will change too.

    Phil.
     
    Phil Launchbury, Oct 19, 2006
    #54
  15. Ben

    Ben Guest

    Yeah, that thought crossed my mind as well, but if they don't also
    have that facility its a pig to check if they've got the money. And
    it's not immediate between banks either.
     
    Ben, Oct 19, 2006
    #55
  16. Ben

    Ace Guest

     
    Ace, Oct 19, 2006
    #56
  17. Ben

    Ace Guest

    FERITE.
    --
    _______
    ..'_/_|_\_'. Ace (brucedotrogers a.t rochedotcom)
    \`\ | /`/ GSX-R1000K3 (slightly broken, currently missing)
    `\\ | //' BOTAFOT#3, SbS#2, UKRMMA#13, DFV#8, SKA#2, IBB#10
    `\|/`
    `
     
    Ace, Oct 19, 2006
    #57
  18. Ben

    darsy Guest

    <fx: hangs head>
     
    darsy, Oct 19, 2006
    #58
  19. Ben

    darsy Guest

    can you explain the difference between a "wallet with a little coin
    section" and a purse?
     
    darsy, Oct 19, 2006
    #59
  20.  
    Phil Launchbury, Oct 19, 2006
    #60
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