More about what info is transfered when sending money from you to another person or company.

In message , Dave writes

I think you may be referring to my post in which I was only referring to paper credits remitted through the credit clearing.

What do you mean by 'name' do you mean the name of who paid it in? Or the account name? If the former then the recipient wont capture that data.

They will get sight of the paper slip but I have no knowledge of any recipient that captures the 'paid in buy' data.

No.

Yes, in those cases where the data is written in manually the slip is generally sent to the account holder, but the only data they collect is the reference number, not the person who paid it in.

Dave wrote: snip

Just leave the space for the name blank - I never fill it in and no-one's ever complained. Then whether the company see the piece of paper is irrelevant.

Be aware that if you try to pay in a large sum of cash you may be asked to prove your identity - whether it's to your own account or someone else's.

What appears on the statement of the receiving bank depends entirely on the information transmitted by the sending bank. Some transfers show the sender's name, some don't.

I can give you various examples of BACS transfers which appear without the name of the sender:

transfer from Egg savings a/c: "Egg Banking plc" transfer from AA savings a/c: "AA Savings"

How would you define "paper credits"?

By name I mean the name of the account holder, that is me.

Do they get the paper slip the same day as the money is paid into their account in cash or at a later date?

In that case why is there a space for the name? What I was wondering is if one goes to a bank and pays in cash to an account some other company has at that bank, why do they not get the name of the person paying in the cash, and at what point do they get the paper slip, if the details are not send electronically? Finally, is what you are saying that the company would see the name of the person paying in the cash just not collect it, but they would collect the reference number?

What does a "large sum" involve these days?

In message , Dave writes

A paper Bank Giro Credit paid in over the bank counter.

Well the account holder is the name of the recipient. So you are paying into your own account?

They would get it later.

That is to identify who was responsible for filling in the slip. It just says 'paid in by'.

The box 'paid in by'; should be signed.

Yes.

If it is a pre-printed credit slip then I have never had any problem - admittedly I'm not in the habit of wandering round with huge wads of cash that I try to determine such limits; on the other hand if it is a blank counter paying in slip then I have in the past being asked when paying in a cheque for about 90 of wages into a colleagues bank account when they were on holiday. I am aware of cases where people have made payments into someone back account regarding eBay items for about a fiver in cash where they have been asked for id; on the other hand a couple of hundred quid for a utility bill in cash would be unlikely to bat an eyelid, nor would the volume of such transactions conversely a personal account where a few hundred quid a day in cash was paid in could well justify referral to the bank's central Money Laundering Support Team for consideration for potential notification to NCIS.

I suspect that their is probably a few triggers, a random check on every x'th customer, when they have a suspicion that something is not right, a computerised "trend" monitoring for something like a lot of sundry counter credit slips when their are issued pre-printed books or regular withdrawals of the money as well as well as a policy statement setting a stated limit for compulsory checking.