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Cash Lodgement Help BOI

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  • 21-02-2012 1:57pm
    #1
    airman737
    Registered Users Posts: 187 ✭✭


    My Parents have given me 5000 in cash to pay off a Credit Card Bill. Will I be questioned by the bank if I lodge this amo9unt of cash?


Comments

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    #2
    3DataModem
    Registered Users Posts: 3,962 ✭✭✭3DataModem


    Very unlikely.


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    #3
    airman737
    Registered Users Posts: 187 ✭✭airman737


    No Questions Asked:-)


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    #4
    Legislator
    Registered Users Posts: 139 ✭✭Legislator


    airman737 wrote: »
    No Questions Asked:-)

    Under AML (Anto Money Laundering) legislation there should have been questions asked.


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    #5
    phormium
    Registered Users Posts: 3,310 ✭✭✭phormium


    5k ain't that much money these days from a AML point of view, now if it was 10k maybe?


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    #6
    sarahlulu
    Registered Users Posts: 295 ✭✭sarahlulu


    If asked, just tell the truth. You haven't done anything wrong.


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    #7
    rosehip
    Closed Accounts Posts: 166 ✭✭rosehip


    Considering parents can gift you up to €250,000 tax-free, it shouldn't be a problem to say it came from your parents if you're asked.

    Afterall, you could also have saved it in a mattress or coffee tin. Best to stick to the truth though as it's less to remember in the future :D


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