02GF74
|
 posted on 22/10/10 at 12:52 PM |
|
|
errrr, but why?
Tried to change some £ 20 notes into £ 50 notes.
Cheltenham and Gloucester refused unless I have an account.
Santander changed them but first I had to pay them into my account then immediately withdraw the same amount.
5 minutes to do a 20 second job.
WTF is that all about? 
|
|
|
|
|
scudderfish
|
| posted on 22/10/10 at 12:58 PM |
|
|
I normally get told to wee off if I offer a £20 note for a £50.
|
|
|
mcerd1
|
| posted on 22/10/10 at 01:03 PM |
|
|
money laundering??
[Edited on 22/10/2010 by mcerd1]
-
|
|
|
jossey
|
| posted on 22/10/10 at 01:11 PM |
|
|
as above money laundering legislation.
|
|
|
02GF74
|
| posted on 22/10/10 at 01:17 PM |
|
|
wotcha talking about? It was building society not a launderette. The £ 20s didn't need cleaning as they were brand new cripsy notes straight
out of the service till.
Is it some sort of government big bother monitoring type thing if I say kept on changing 1,000s every week? (not like that is ever gonna happen).
|
|
|
jossey
|
| posted on 22/10/10 at 01:29 PM |
|
|
ohh pleasseeeeeee.
say i had 300,000 in stolen notes which had been untracable but i wanted to ensure they are clean.
then i would go into local banks and swap 300-400 per time and get clean money.
the best route to do this is goto europe and exchange thousands and thousands in foriegn exchange banks and get euro's then trade euro's
into your european business account where you get the best rate of transfer and pay your self in pounds at low rates.
i thinks :O)
david
|
|
|
owelly
|
| posted on 22/10/10 at 01:30 PM |
|
|
I had a similar problem a few weeks back. I had a violin case full of brand new £50s. I wanted to swap them for used ones and preferable ones with
different serial numbers. I tried all the highstreet banks and ended up getting Big Jeff from the carboot sale to buy them off me for £100.....
http://www.ppcmag.co.uk
|
|
|
02GF74
|
| posted on 22/10/10 at 02:00 PM |
|
|
quote:
Originally posted by jossey
ohh pleasseeeeeee.
say i had 300,000 in stolen notes which had been untracable but i wanted to ensure they are clean.
then i would go into local banks and swap 300-400 per time and get clean money.
still don't get it.
when the bank accept cash, they do not scan or make note of the note numbers in order tp tie them to your account, well, I didn't see them do
that.
|
|
|
blakep82
|
| posted on 22/10/10 at 02:07 PM |
|
|
the point of money laundering is to get rid of the original cash, and swap it all over, so the serial numbers (if known from when they were stolen)
can't be traced back. basically to break the link between stolen money and you. its usually done by buying property, antiques etc, then selling
on for less than you paid. if its stolen cash, its still 100% profit.
anyway, yes, they don't scan the numbers, but if they realise you're in every week changing money over (even £100 at a time) then they
will have a 'paper trail' (as RBS call it) and making it go through your account means they can track how often you do it. its easier than
writing down serial numbers for everything.
there's a lot more to it than that, but its been a few years since i had to think about it, but basically its a way of keeping track of how
often you change notes over, as it may look like money laundering if you're doing it every week
[Edited on 22/10/10 by blakep82]
________________________
IVA manual link http://www.businesslink.gov.uk/bdotg/action/detail?type=RESOURCES&itemId=1081997083
don't write OT on a new thread title, you're creating the topic, everything you write is very much ON topic!
|
|
|
David Jenkins
|
| posted on 22/10/10 at 03:20 PM |
|
|
Apart from money laundering, people are scared of £50 notes, as they're the favourite target for faking and it's a big loss if you end up
stuck with one.
Maybe we need notes that are harder to fake, such as the Aussie plastic ones. I was handing over A$100 notes (~£65) while on holiday and no-one
batted an eye, as they still trust them to be genuine.
|
|
|
iti_uk
|
| posted on 22/10/10 at 03:25 PM |
|
|
I can understand the money laundering concerns, but I find this country's over-cautious view of £50 notes to be very amusing. Go to the
continent or Ireland, walk into a shop and buy a drink using a 100 Euro note and not a single eyelid will bat. Even when using a 500 Euro note as I
have done once or twice. Whereas, here in the UK, most shops will not even consider £50 notes for payment.
Chris
|
|
|
02GF74
|
| posted on 22/10/10 at 05:11 PM |
|
|
^^^^ ok, gotcha ... so there is some monitoring then.
|
|
|
morcus
|
| posted on 23/10/10 at 06:39 AM |
|
|
There are a huge number of Fake 50's out there. Someone sends out reports about it alot (We get them at work but I don't know who sends
them). People vary rarely get them anyway as they don't tend to be in ATM's and banks don't like to use them either which confounds
the problem and makes notes being used in shops more likely to be faked (Especially when your giving out £45+ in change).
I thought the best way to launder money was buy loan sharking as you got more clean money than you had dirty to begin with.
In a White Room, With Black Curtains, By the Station.
|
|
|
woodster
|
| posted on 23/10/10 at 07:35 AM |
|
|
quote:
Originally posted by David Jenkins
Apart from money laundering, people are scared of £50 notes, as they're the favourite target for faking and it's a big loss if you end up
stuck with one.
Maybe we need notes that are harder to fake, such as the Aussie plastic ones. I was handing over A$100 notes (~£65) while on holiday and no-one
batted an eye, as they still trust them to be genuine.
I always wondered why we don't use plastic notes, them Aussie notes are bloody strong and a lot better than paper.
|
|
|
02GF74
|
| posted on 23/10/10 at 04:19 PM |
|
|
barcode or RFID tag on each note?
that is scanned each time transaction is made so real time check can be made on fakeness?
|
|
|
iank
|
| posted on 23/10/10 at 04:52 PM |
|
|
Bar codes and RFID's are fairly easy to manufacture/clone/copy especially if you are a big time criminal with a budget to spend on getting it
right.
I suspect we still use paper partly because people would complain (a significant number of people hate/resist any change) and partly because the paper
used for notes is made specially for the mint and is apparently hard to copy and impossible to buy.
There is apparently a huge problem with Euro's and pound coins at the moment.
--
Never argue with an idiot. They drag you down to their level, then beat you with experience.
Anonymous
|
|
|
Ninehigh
|
| posted on 23/10/10 at 06:06 PM |
|
|
English notes are made with nettles...
When I was in Germany (over 10 years ago) I noticed at a petrol station a sign that they don't take notes over 3000DM (might have been 300)
which is way bigger than a £50.
There must be a lot of scottish fakes too as few people south of the border will take them
|
|
|
morcus
|
| posted on 24/10/10 at 06:32 AM |
|
|
I thought that was just people got confused about them as they don't recognise them. Try using NI notes, most people seem to assume
they're old ROI money and run a mile. Changing what money is made of is always held back by silly arguments, there have been talks of replacing
the £5 note with a coin which would save a huge amount of money because fivers don't last long and coins last forever (Look in your wallet, some
of your pennies could be almost 40) but it gets held back by people who want to keep notes for the sake of keeping notes. Look at America and the
Dollar bill they had an article on the BBC not long ago about how much money thats wasted because the population won't use the coin.
In a White Room, With Black Curtains, By the Station.
|
|
|
scootz
|
| posted on 24/10/10 at 06:53 AM |
|
|
quote:
Originally posted by Ninehigh
There must be a lot of scottish fakes too as few people south of the border will take them
Not so much to do with fakes... more to do with ignorance!
It's Evolution Baby!
|
|
|
iank
|
| posted on 24/10/10 at 08:35 AM |
|
|
quote:
Originally posted by scootz
quote:
Originally posted by Ninehigh
There must be a lot of scottish fakes too as few people south of the border will take them
Not so much to do with fakes... more to do with ignorance!
Yep, shops are happy to take them down at least as far as Newcastle - though with the new ones they will often do a double take.
Once tried to use a Scottish £20 in a pub in Cambridge, needed to use the internet on my phone to convince him they were legal tender in England
[Edited on 24/10/10 by iank]
--
Never argue with an idiot. They drag you down to their level, then beat you with experience.
Anonymous
|
|
|
Ninehigh
|
| posted on 24/10/10 at 07:43 PM |
|
|
quote:
Originally posted by iank
Once tried to use a Scottish £20 in a pub in Cambridge, needed to use the internet on my phone to convince him they were legal tender in England
[Edited on 24/10/10 by iank]
Hehe last time I used one I had the goods in my hand when he started arguing. I told him he can either take it or give it me back but I'm
leaving with this stuff.
He took it
|
|
|
iti_uk
|
| posted on 25/10/10 at 09:39 PM |
|
|
Going back to the title of the thread - I also know a "Herbert Wye"....
...
...
Sorry
|
|
|
blakep82
|
| posted on 25/10/10 at 11:44 PM |
|
|
quote:
Originally posted by scootz
quote:
Originally posted by Ninehigh
There must be a lot of scottish fakes too as few people south of the border will take them
Not so much to do with fakes... more to do with ignorance!
partly yeah, but when i worked in boots in london, i worked in the cash office sorting notes for banking, every fake £20 note was a scottish note.
never saw a single fake english note
________________________
IVA manual link http://www.businesslink.gov.uk/bdotg/action/detail?type=RESOURCES&itemId=1081997083
don't write OT on a new thread title, you're creating the topic, everything you write is very much ON topic!
|
|
|
morcus
|
| posted on 26/10/10 at 10:36 PM |
|
|
I've seen loads of Fake English notes but never any from Scotland or Northern Ireland. I've seen people try and pass the most obvious of
fakes and I've seen some pretty good ones aswell.
The main reason people don't except them is because they are unsure as to whether they're legal currency in England (Which is different to
Legal tender). Scotish and Northern Irish Banknotes are legal currency but are not Legal tender in England and Wales and I believe the opposite is
true but it has no bearing on use as currency.
In a White Room, With Black Curtains, By the Station.
|
|
|
Ninehigh
|
| posted on 26/10/10 at 10:58 PM |
|
|
I thought legal tender meant currency..
I guess now the difference is that, say a 10 Euro note is real (legal tender) but isn't really accepted in the UK (not legal currency)
Or would it be the other way round?
Also, as I figured the problem with scottish notes is not knowing the fakes, how would you know if said scottish note was fake or not?
|
|
|
