Opening a bank account

[Nottm_George]

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

[factor-fiction]

http://www.theanswerb...e/Question475233.html

There was thread here.. It may also depend on how well they know you and the typical sort of transactions you have

[pretty_snowdrop]

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.

[Nottm_George]

Thanks both I know there is a limit I can deposit but I was wondering how much it is.

[ubasses]

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

[factor-fiction]

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.