Quizzes & Puzzles17 mins ago
Cash Withdrawal
Is there a maximum amount that can be withdrawn at the counter against your bank account by presenting a cheque for cash?
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For more on marking an answer as the "Best Answer", please visit our FAQ.I don't think a couple of the responders to date have understood the question. As I understand it the OP is asking about writing themselves a cheque for cash and presenting it at their own bank. The cheque's not going to bounce, the bank won't release the funds without checking the balance.
And, no, there's no legal limit other than the value in the bank account. The bank may have a policy of its own though or require notice. On occasion I take a cheque to the bank when we need more cash float (business account). If it's anything more than a couple of hundred pounds they tend to want a few hours notice by phone and I imagine it if was thousands they may potentially want at least a day's notice.
And, no, there's no legal limit other than the value in the bank account. The bank may have a policy of its own though or require notice. On occasion I take a cheque to the bank when we need more cash float (business account). If it's anything more than a couple of hundred pounds they tend to want a few hours notice by phone and I imagine it if was thousands they may potentially want at least a day's notice.
// -what if you withdrew £500 and the cheque bounced?//
because it is his own cheque and he is drawing against that. They may well want identity and today an assurance that you arent being scammed
The most I have drawn is £2k on spec
You have to warn them the day before otherwise
They will probably offer you on site cash transfer....
because it is his own cheque and he is drawing against that. They may well want identity and today an assurance that you arent being scammed
The most I have drawn is £2k on spec
You have to warn them the day before otherwise
They will probably offer you on site cash transfer....
An example (Nationwide B S)
https:/ /www.na tionwid e.co.uk /help/b anking- help/ca sh-with drawals
And Santander have a £10,000 per day limit.
https:/
And Santander have a £10,000 per day limit.