Bank refusing me my money

If they are not on there about a daily limit and if it is not plastered all over the branch how could they enforce it?

By not actually having the money. A Bank branch does not have an infinate supply. If you want to make a large withdrawal, you have to make an arrangement so that the bank makes sure that they have the cash available.

tim

Like Tim says: If I walked in and asked for my 250,000, so I could by a house for cash, do you really think that they would have that kind of money in a small town? No, hence all you do is give them a couple of days notice so that they can get the extra in. Its never a problem to do so. But how would you feel if you were to go in one day to withdrawn your 50, only to find out you couldnt coz, some bloke came in earlier and withdrew all his money and left the bank with 31 pence, and could only accept payments, not withdrawals. They have to have a cut off at some point and HSBC chose 500 as a daily limit. I was the same 5 years ago, when I wanted 1000, I did it over 2 day, its just a shame that they havent increased the amount over time, to bring it in line with inflation.

I see... Then they arrange to have an armoured cash wagon drive over with a police escort, with the other £300...

I expect it's in the small print of the Terms and Conditions of your account. It's the same with FirstDirect. I have to phone them up the day before if I want to draw out more than £500 in cash from a local bank. Profided I do that, I can draw out as much cash as is in my account.

Jim D

I have taken out 1400 from Natwest before - I took ID but didnt give them advance notice.

Is it a branch you use normally for making deposits etc.

I am also with FD, use my local HSBC branch maybe once a month maximum, but they have never stopped me withdrawing large amounts of cash. I think the max I have had over the counter in one transaction was £2,000 or £2,500.

Jim D wrote:

Or put another £300 in the van for the daily visit from them.

In message , jack writes

Was it the branch were you bank? How were you intending to withdraw the dosh? Cheque or by card?

They can if it is their terms and conditions.

??? I hear loads of people saying this, including MPs. It is nonsense. What does 'it is my money' mean? It most certainly doesnt mean that the actual notes in the bank's safe belongs to you.

What do you mean by 'it'? you have access to it by writing a cheque.

Yes. Damned stupid Money Laundering Rules.

This is probably what it relates to, if the op didnt have a personalised withdrawal book or cheque book, or Card or PIN, then the branch would be intending to use the Emergency Advance procedure, for which the value should be limited to the daily cash machine withdrawal limit for the account.

Having the book is supposed to be an anti fraud measure - so that peeps cant wander in and quote s/c and a/c and get cash, so trying to limit the cash withdrawal loss via a lost Debit Card to the daily withdrawal limit

Ian

John Boyle skrev:

if you accept the notion of credit. credit cards, and the symbolic representation of work and value through numbers in a bank account

then yes, you're adult enough to understand that the paper note and the bank account is a representation of YOUR _actual_ PROPERTY, for which you PAY them to hold on to for which THEY can EARN more money through YOUR money and everyone elses.

governments throughout the western world have ruled that banks steal money from their costumers when transfers take too long time, since that means they can use your money for one extra day, which again is theft of your interest and the guy you are transferring to or getting from.

Do you think anyone in a suit who earns more than say 40.000£ a year ever has to bother about daily limits???

of course government cant track cash. of course its good for them to monitor anyone who takes out large amount of cash of course they want you to use your credit card instead

but dont for a minute delude yourself into believeing its somehow "nessesary" that you or anyone else should not be able to take out a sum greater than 500£ every once in a while.

It has to do with their treatment of costumers, their "policy" towards people on lower incomes, it has to do with the banks fear that you or someone else might have found a way of ripping them off. And of course they to want you to use your credit card instead since that earns them more money than transporting paper to their outlets and having employees.

I have _never_ heard of a local branch bank running out of money except a couple of days before christmas eve minibanks, ATM's, teller machines or what the heck you call them in the UK these days go empty all the time if they're in a popular spot, great.

in short. I believe I disagree with you.

cheers

jon

In message , John Smith Patriot Act II writes Snipped irrelevant waffle.

So me having to leave my branch with another staff member to cross the road to the branch of another bank with a Bankers Payment in my pocket in order to draw £xxk's of tenners to top up the branches cash holding was a pure figment of my imagination? Ringing the Cash Centre for an emergency delivery before lunch never happened?. One banks ATM ins the centre of a small town going down over the w/e was sufficient to cause all the others to run out of dosh is a fantasy? Having to drive in my own car (with no security) to get £xxxks of notes from the Cash Centre and stuffing the notes in the glove compartment and under the seat and leaving the security case empty so we could hand it over if we were robbed was a daydream?

Banks DO run out of cash, but its obviously not generally announced to people and you would never know.

That was SHORT?

John Boyle skrev:

if you actually _read_ you see me stating that _I_ have never heard of it.

seems like gross incompetence on the bank managers part or perhaps he's been letting people with larger incomes presumably than ours withdraw all his cash holdings.

perhaps the branch should consider its customer base and rethink its "strategies".

no matter.

leaving that aside

you easily leap frogged over all the other contentions _and_ the central issue.

should you be able to collect your own property from someone you've _already_ _paid_ to supply exactly that service?

never mind the small print.

try abstract thinking.

the phrase "in short" I believe is usually _followed_ by a short statement.

...command of mother tounge?

In message , "John Smith (nom de guerre)" writes

I know, with the emphasis on 'never'. Know that I know your statements was a statement of lack of knowledge,rather than an assertion that a bank never runs out of money I will be guided for when I read the remainder of your post.

Ah, you havent read my post then. An ATM downage is hardly the branch manager's fault. Shortages happen for other reasons, such as (in years gone by when more people were paid in cash) a large factory wanting to pay three weeks wages due to holidays without telling the bank it would need £300k this week, not £100k. Or, more recently, a major 'payer in' of money failed to pay in their usual amount because of a systems error.

??? What 'property'? You cant be claiming a bank note is your 'property'? And what 'service'? The main service of a bank is money transmission, not giving cash out. Most personal bank accounts receive their credits by bank transfer, not by cash pay in.

tounge??????????? (ROFL>>>)

Giving a cheque, unless it can be cashed for cash at the bank that issues it, is *not* giving someone their money.

Axel

If you want a large amount of cash you have to give them a days notice so they can order it.

I was once in HSBC and a cashier came in from Lloyd's next door, went to the enquiry window and said "Lend us 20,000 quid please, we're running a bit short".

And so help me, they did. No further formality or paperwork involved.

DG

This seems a little bit insecure. At the very least I would expect the initial request to be by phone.

tim

In message , Derek ^ writes

Ha! Yes! but I am sure there was an underlying Bankers Payment.