Is there a limit to how much cash you can withdraw?
11 November 2007, 02:26 PM
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11 November 2007, 05:05 PM
#33
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11 November 2007, 09:28 PM
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Devildog is correct - the European limit is 15k Euros, which is about £10.5k at the moment. We use £10K as our trigger.
£9k may be used by car dealers and other non-financial institutions who want to be cautious.
However, a dealer may impose their own lower limit as it applies to what they pay in to the bank as well as what you pay them.
£9k may be used by car dealers and other non-financial institutions who want to be cautious.
However, a dealer may impose their own lower limit as it applies to what they pay in to the bank as well as what you pay them.
11 November 2007, 09:45 PM
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12 November 2007, 07:11 PM
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Right I've agreed to purchase a car - actually only £7k, so having to get out significantly less cash than expected initially.
Problem is I am currently based at my work address so dont have my passport. I'm going to call the bank tomorrow to check what ID would be suitable.
I have photo driving licence, credit and debt cards in my name, some bills but I dont think they're under 3months old, also got V5 from my current car with address on.
Anyone who works in a bank know if this would be enough, or do I need to travel and get my passport?
cheers!
Problem is I am currently based at my work address so dont have my passport. I'm going to call the bank tomorrow to check what ID would be suitable.
I have photo driving licence, credit and debt cards in my name, some bills but I dont think they're under 3months old, also got V5 from my current car with address on.
Anyone who works in a bank know if this would be enough, or do I need to travel and get my passport?
cheers!
12 November 2007, 07:33 PM
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why not just phone them up and transfer the funds by TT???? at most they will charge you £20 or so to do - on a £7k car thats nothing.
unless your time is worthless £20 is far better than visiting your bank! (dont think i've been inside a bank for getting cash since 1985 when i took £2 out of the Abbey National to buy a toy car!)
unless your time is worthless £20 is far better than visiting your bank! (dont think i've been inside a bank for getting cash since 1985 when i took £2 out of the Abbey National to buy a toy car!)
12 November 2007, 07:45 PM
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why not just phone them up and transfer the funds by TT???? at most they will charge you £20 or so to do - on a £7k car thats nothing.
unless your time is worthless £20 is far better than visiting your bank! (dont think i've been inside a bank for getting cash since 1985 when i took £2 out of the Abbey National to buy a toy car!)
unless your time is worthless £20 is far better than visiting your bank! (dont think i've been inside a bank for getting cash since 1985 when i took £2 out of the Abbey National to buy a toy car!)
I'm just hoping the bank with let me have the required amount tomorrow with the selection of ID I've got...
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