Do banks care if you deposit large amounts of cash?
Yes, many banks charge for BACS (Bankers Automated Clearing Services) transfers. You can typically expect to pay a small transaction fee, often ranging from 5p to 50p per transfer, depending on your bank's specific fee structure. While these costs may be lower for high-volume corporate users who process hundreds or thousands of payments monthly, individual customers or small businesses should review their bank’s service agreement, as these transaction fees can accumulate based on the frequency and volume of payments made.