Business & Finance

Transferring money between bank accounts

Is it possible to transfer money between bank accounts in the same name by cheque without being suspected of money laundering?

GKW Wed 23/07/08 14:10

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Ethel
Wed 23/07/08
14:52

Yes, I do it all the time.

B00
Wed 23/07/08
14:53

Yes but in Ethel's case- she REALLY is laundering money ;-)

Ethel
Wed 23/07/08
15:10

My money is spotless. Doesn't need washing, fyvm

dasherman
Wed 23/07/08
17:13

There's a big difference between transferring money out of your one account and putting it into another account,which most people will do,and money laundering.

http://en.wikipedia.org/wiki/Money_laundering

GKW
Wed 23/07/08
17:20

Question Author

Thanks for those answers. I thought it would be possible but just wanted to check.

Jenna1978
Thurs 24/07/08
08:15

If you have a valid reason and are not money laundering then why not tell your bank why so they know it's not suspicious.

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