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Why are there additional charges for cash deposits?

April 26, 2017additional cash Charges deposits

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Why are there additional charges for cash deposits?

1 Answer

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Nowadays the banking industry rarely deals in hard cash, and when they do so they typically charge business-account holders 55 pence/£100 & 75 pence manual crediting fee. Some of these costs go to the Bank of England, who in turn charge our high street banks.