I sold a car and I want to deposit the money. Will the bank ask? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

I sold a car and I want to deposit the money. Will the bank ask?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

The bank might ask if the amount is large or unusual for your account.

Key points

  • Keep the sales contract and proof of ownership and receipt of payment.

  • Asking about the source is a standard compliance procedure, not an accusation.

Source

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