Depositing Cash & Cheques

You can’t deposit physical cash into the preview account.

The question at the July Open Office:

Hi. I hate cash as much as the next person around here but we can’t avoid it. Is there any plans to be able to deposit cash into the account?

Tom’s answer:

Yeah, probably in time, like, we’re not working on it right now. Our major focus is to get the current account to everybody. The way you would do it is basically take a service from the post office or someone like RBS where you can go into a branch and give them cash and fill in a slip. The Post Office is a service, it may come with a small fee, and if enough people really want it then we will do it. I’d lie if I said it was on our priority list in the next three to six months but yeah sure. It’s just a very high money laundering risk as well. People who deal in a lot of cash typically, not typically, but more often [audience laughing] more often the average person are involved in tax avoidance. Evasion, evasion is the illegal one, right?

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