NickP Posted February 20, 2020 Share Posted February 20, 2020 We have a bank account with La Poste, and when bills and standing orders are due and we are in France we take money from a local ATM and put the money into our account. This week we had a heating fuel delivery so that involves transferring a quite large sum over. First payment the woman behind the counter, someone we've never seen before demanded that my wife provided ID. OK we thought as she had never seen us before, next day same rigmarole again a bit bizarre as she accepted a British Driving licence. Today we had to go to Vendome our bigger local town, so into La Poste saw a very helpful woman who took the time to explain the new system that is just starting, and was due to money laundering She suggested that as we always take money out of the machine we should get a receipt, keep it and present it with our passport when depositing money into the account. Also, our local tiny PO isn't allowed to take cash deposits any more, they have just been told this, so that will be another nail in the coffin of a small business. I believe that If I was selling drugs or money laundering it would be for more than 300Euros.LOL, So just a warning to other second homeowners be prepared to offer ID.when depositing money into La Poste. Link to comment Share on other sites More sharing options...
pomme Posted February 20, 2020 Share Posted February 20, 2020 If you mean you are withdrawing euro from a sterling bank account with a bank card, that seems an expensive way of transferring from a sterling to euro account. You could find you will hit the daily/monthly withdrawal limit on your card.French residents doing something similar might also find the taxman starting to query where all those cash deposit funds are coming from.Why don't you use one of the many money transfer services (including transferwise/Monzo/Revolut/Starling accounts) where you should get a much better exchange rate and not pay any other charges? Link to comment Share on other sites More sharing options...
NickP Posted February 20, 2020 Author Share Posted February 20, 2020 No, it's not with my Nationwide Flexi plus account. the exchange rate is as near as dam it to the spot rate end of, and no other charges. Anyway, my comment was nothing to do with exchange rates but the fact that La Poste banking is changing with it's approach to money laundering. French residents are finding already the same rules are applying to them, it applies to anybody who deposits money into La Poste bank, according to a very nice lady in La Poste Vendome. Link to comment Share on other sites More sharing options...
ericd Posted March 2, 2020 Share Posted March 2, 2020 Yes, new rules that have just gone live. Link to comment Share on other sites More sharing options...
NickP Posted April 28, 2020 Author Share Posted April 28, 2020 +1 Link to comment Share on other sites More sharing options...
NormanH Posted April 28, 2020 Share Posted April 28, 2020 Is that just for Laposte?I can deposit cash in the automatic dispenser at Crédit Agricole, and I only have to put in my card and code.. Link to comment Share on other sites More sharing options...
Kong Posted April 28, 2020 Share Posted April 28, 2020 I hope you don't mean 'dispenser', but I don't know what the term is! Link to comment Share on other sites More sharing options...
mint Posted April 28, 2020 Share Posted April 28, 2020 Un distributeur de billets? Or le DB? Not that it distributes any old amount. It's positively stingy....For larger sums, you need to go in and ask nicely[:D] Link to comment Share on other sites More sharing options...
NormanH Posted April 28, 2020 Share Posted April 28, 2020 I meant a cash dispenser.In our Bank you can also use the ones inside to pay in banknotes.https://www.youtube.com/watch?v=RO19g4x1UEo Link to comment Share on other sites More sharing options...
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