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Maximum limit £200

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Hi, I drew out £200 out of my account from one of the cash machines, I wanted more but £200 was the limit.

If I got to ASDA and buy some beer and ask for £100 cashback, would they give it me? I mean would it process considiering the fact that I've already reached my maximum withdrawal limit from a cash point.

Comments

  • digitalphase
    digitalphase Posts: 2,087 Forumite
    Do you mean on a debit card? Think the maximum cashback from a supermarket is £50...
  • Bhaze21
    Bhaze21 Posts: 18 Forumite
    Yeah, I used a visa debit to draw out £200 but wanted more. I'm just wondering if I'll be still able to get cashback.
  • digitalphase
    digitalphase Posts: 2,087 Forumite
    What bank are you with?
  • never-in-doubt
    never-in-doubt Posts: 20,613 Forumite
    LilacPixie wrote: »
    Umm by the sounds of it he is using a debit card. The answer is yes you can still get cashback.

    yes cashback doesn;t count toward daily cash withdrawal limits does it?
    :o 2010 - year of the troll :o

    Niddy - Over & Out :wave:
  • Parki_2
    Parki_2 Posts: 570 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I never knew that? Although I wouldnt want top try it and embarase myself in the supermarket ;p
  • LilacPixie
    LilacPixie Posts: 8,052 Forumite
    no cashback doesn't count, I have done it myself a few times when my ATM limit has been reached.
    MF aim 10th December 2020 :j:eek:
    MFW 2012 no86 OP 0/2000 :D
  • bengal-stripe
    bengal-stripe Posts: 3,354 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Bhaze21 wrote: »
    Hi, I drew out £200 out of my account from one of the cash machines, I wanted more but £200 was the limit.

    If I got to ASDA and buy some beer and ask for £100 cashback, would they give it me? I mean would it process considiering the fact that I've already reached my maximum withdrawal limit from a cash point.

    OP, you are not very clear, where that “limit” comes from. Is it the daily cash withdrawal limit allowed on your card (I thought all banks had at least £250 or 300) or is the limit due to “available funds”?

    If it is the former, yes ,you can get additional money as cash back from a shop, as this will account as a purchase. There are no daily limits to purchases, as long as you have the funds available. But, £50 is the max any shop will give you as cash back and you will have to purchase something on top of that.

    If you haven’t got the funds, no, you cannot beat the computer through cash back in a shop. Even if the purchase (including cash back) was to go through, you will be overdrawn, hit with charges and the bank might ask for their debit card back.
  • Parki_2
    Parki_2 Posts: 570 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I only have a £200 withdrawl limit on my current account/ Have had the account for about 10 years and it has always been that. Can you actually ask for an increase?
  • never-in-doubt
    never-in-doubt Posts: 20,613 Forumite
    Parki wrote: »
    I only have a £200 withdrawl limit on my current account/ Have had the account for about 10 years and it has always been that. Can you actually ask for an increase?

    Yes mate - you can ask for it to be increased. Whether they do it or not is a different matter though. Its all to do with their risk.
    :o 2010 - year of the troll :o

    Niddy - Over & Out :wave:
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    I can get £750 per day (Providing I have it in there LOL )
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!

    Official SOS Club number 001 - Dry until 01.07.10
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