Paying in a large cheque...

[SimonMac]

Also as we are discussing the FSCS, for 6 months you can get upto £1m covered in the event of property sales, insurance or inheritance

Q&As about temporary high balances |FSCS

[d000hg]

If you are looking to use it to help buy a property in a few months time, as indicated, then put it into an instant access savings account with your normal bank. Don't keep it in your current account, as it makes it more vulnerable to somebody cloning your debit card and stealing it.

Good tip. The idea of having several hundred thousand in my current account is rather scary! I think I've an account that has no debit card at all I use for intra-year savings so it could just go there.

[tarbera]

Simple, put £150K on man city to beat Celtic tomorrow night, pick up £60K profit on Thursday morning and take a few weeks off

[NotAllThere]

Good tip. The idea of having several hundred thousand in my current account is rather scary!

Really? INKSPE.

[barrydidit]

Don't say it was from selling a large consignment of coke, unless its an HSBC account that is

I find a simple tap of the nose reassures the teller that all is kosher in these situations.

[MrMarkyMark]

I find a simple tap of the nose reassures the teller that all is kosher in these situations.

Very true, a haughty, audible sniff also helps oil the wheels

[d000hg]

Really? INKSPE.

Yeah - current account is for day-to-day expenditure, I like to keep it as empty as possible. Normally a few hundred quid.

[scooterscot]

Simple, put £150K on man city to beat Celtic tomorrow night, pick up £60K profit on Thursday morning and take a few weeks off

The betting shops must have a limit, no?

[NotAllThere]

Yeah - current account is for day-to-day expenditure, I like to keep it as empty as possible. Normally a few hundred quid.

Frankly, I get nervous if my current account dips below five figures. A few hundred is what you carry in your wallet. Swiss culture is rather different!

Guy goes into a Swiss bank with a briefcase. He goes up to the teller.
Customer: (In a whisper) I'd like to open an account and I've got my initial deposit here.
Teller: No problem. How much would you like to pay in today?
Customer: (Still whispering) Four million francs*
Teller: Certainly sir. And by the way, there's no need to whisper. Poverty isn't shameful in Switzerland.



* (that's ~£3M)

[MrMarkyMark]

FTFY

Frankly, I get nervous if my current account dips below five figures. A few hundred is what you carry in your wallet. Swiss culture is rather different!

Guy goes into a Swiss bank with a briefcase. He goes up to the teller.
Customer: (In a whisper) I'd like to open an account and I've got my initial deposit here.
Teller: No problem. How much would you like to pay in today?
Customer: (Still whispering) Four million francs*
Teller: Certainly sir. And by the way, there's no need to whisper. Poverty, or money laundering isn't shameful in Switzerland.



* (that's ~£3M)

My own culture is exactly the same