The money check threshold
-
Does anyone know roughly at what point they check up o your deposits?
I've currently put in £280 but different amounts over the months. I now have 700 I wish to put in in one lump sum but I cannot be bothered if its going to set there checks off.
-
I've deposited about £5k in total and never had any checks
-
think its more like a few grand, maybe after 5 figures, otherwise you could just say you found it down the back of the couch
-
@ChazFI123 I should be ok then, thanks
-
FI have to meet industry compliance as a tier 1 operator, so if your money is sound and can be documented you have nothing to worry about..
-
It relates to your own usual deposit trends not specifically just a certain threshold. If you usually deposit £200 a month then do a one off deposit of say £600 it may trigger. My deposits aren’t that big and I got a DD email after a £400 deposit yesterday (£1k total for month)
-
@Karl thanks for implying I'm dodgy. No I dont have anythin to worry about I just dont have time to deal with it if it happened
