Bank Account Details

[Imbera27]

Hi my father is paying a cheque into my account can he ask and be told what type of account it is ie savings mortgage loan account ?

[factor-fiction]

No, but he may be able to work it out from the details on his statement- eg account name, number and sort code

[boxtops]

If you are only giving him sort code and account number, I wouldn't think so, unless he banks at the same bank and has some knowledge of how the numbers work.

[Mass_Hysteria]

He only needs the sort code and account number to pay it into, nothing more.

[Imbera27]

Thanks he has offered to pay a loan off but the money would be better paying my mortgage arrears but haven't told him about those so though I would give him my old account with the bank and say the loan was with them if that makes sense.

[boxtops]

when you say "old account" - is it still open?

[factor-fiction]

If the amount is large there may be questions asked in relation to money laundering

[Imbera27]

Yes it is its a savings account. I'm trying to defraud my dad but he would go mental at me having arrears and my loan finishes in 2 months anyway

[Imbera27]

I meant not trying to defraud !

[Imbera27]

Clearing my mortgage arrears is more important at the moment.

[bednobs]

yes you are trying to defraud him - he is giving you the money int he belief it is for one thing when in reality it isn't.
If you are worried about hom finding out, why not just pay the money into the account the loan goes out of, then transfer it over?

[Imbera27]

Because he knows my current account details so will know it won't be paying off the loan

[bednobs]

how? i don't understand (nothing unusual there!). you pay the loan payments from a bank account. Give him that bank account details, then instead of paying off the loan, pay the mortgage

[boxtops]

Pay it into your current account, then - then do what you like with it. It would surely be easy to pay it out of your current account yourself into your mortgage?

[boxtops]

snap, bednobs

[pretty_snowdrop]

The bank won't tell him anything about the the account. I would tell your dad the truth especially since he is helping you out.

[DJHawkes]

it will no doubt go down as 'advance on inheritence' and so don't think it's owt fer nowt

[Imbera27]

I wish I could tell my dad but he is very old fashioned his way or no way hence him paying the loan off and not giving me the money. The loan is with Barclays and I bank with Barclays and just wanted to know if I gave him the account details for my savings account instead of the loan account could he tell when paying the cheque in. My mortgage arrears are more important to clear as I can afford the loan for the next 2 months until its paid off

[factor-fiction]

I'm puzzled. Suppose he wants to give you £500 to repay the loan. You'd rather use it to pay £500 of mortgage arrears. But you say you can afford the loan repayments which I assume are £500. So why not let him pay the loan off and use the £500 you were going to repay over the next two months to put towards your mortgage arrears

[boxtops]

Do as suggested then, pop it into your current account he knows about, then make your own arrangements to move the cash into the debt you want to pay off

[bednobs]

again, if you are worried, just let him pay the loan off, then use the money you would have paid towards the loan for the next two months to reduce your arrears. There must really be something i'm not getting here!