By Mark15788 - 16 Mar 21 10:20 AM
My housing association is due to pay the compensation payment of £6.5k shortly.
They are paying by BACS.
Will a large payment like this raise suspicions with the bank? As I’ve never had large payments like this or a balance like this before.
You hear horror stories of banks questioning where money has come from and suspending accounts.
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By Blueman202 - 16 Mar 21 11:43 AM
Because it’s coming from a housing association as a BACS it should be fine as they are viewed as a trusted source if it was a cash deposit or a transaction from a dodgy country then it might raise a few flags. You could always call the bank just to let them know what it is wouldn’t take that long and it will mitigate the risk abit.
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