what is the most money you can withdraw in cash from a current acount

dave0000

whats the most that i can withdraw from my bank in cash if i had 10,000,000 (10 million) and went to my bank with my card and passport and said i want to draw it all out in cash would they give it to me or just give me all what they got if they dident have enough in there safes

GonzoAston

For withdrawing large ammounts (unsure on the limit though) you have to give them xxx notice to have the cash available for you.

Dont know the maximum ammount though.

oxenryd

I remember once being in a queue, the gentleman had asked to book a large amount in cash, the manager said she wasn't happy giving that amount of cash, even if booked, for the customer's safety. He must have asked for a lot I guess

rb10

Different banks will have different policies. There is no way that any bank will give you £10M, as that would be such a security risk for you and for them.

benjus

A few months ago I managed to withdraw about £5000 from Nationwide by just walking up to the counter with some ID, but I had to ask the manager very nicely and they only had £20 notes. It was a fairly small branch though.

bengal-stripe

dave0000 wrote: »

……if i had 10,000,000 (10 million) and went to my bank with my card and passport and said i want to draw it all out in cash would they give it to me…….

oxenryd wrote: »

.....the gentleman had asked to book a large amount in cash, the manager said she wasn't happy giving that amount of cash, even if booked, for the customer's safety.

Must have been more than 10 million!

willo65

have you found someones card and passport?

Extant

In a long time of working retail, I saw several requests for cash above and beyond £20,000, but only a few over £100,000.

The largest I ever saw was for £800,000, for a guy who wanted to buy a house in cash (literally). It involved an insane amount of paperwork in terms of pre-notifications for fraud, money laundering, etc. It also required a special delivery to be arranged for the cash which we had out of sync with our regular deliveries and had to open the branch early to do... and also legal department sent down a nice hefty contract (essentially) saying that once the money had gone from the bank to the customer, the bank held no further liability and wasn't interested - i.e. if he got mugged 2 seconds out of the branch, it's his problem. The actual exchange was done in the airlock going to the branch secure area, rather than over the counter.

All in all, it took about 2 weeks to arrange and it was a LOT of money, physically.

ShelfStacker_3

How much cash you can withdraw depends entirely on how, when and how much. If it's through an ATM, you're limited by your card limit - for most banks about £250, although it's not unknown for people to have limits of £1000 (I have £500 on my First Direct Visa Debit, which serves me nicely - when my landlord wanted rent in cash one month, saved me a pain in the !!!! I swear

Over the counter, however, you may have more issues. If you're with one of the main clearing banks (RBS/Natwest, HSBC, Barclays, Lloyds TSB (not HBOS)), then provided you can ID yourself properly, you've got the funds available and they physically have the cash in the branch then they can't do much but give it to you (although if you need specific notes, especially £50s, or you need more than £10k or so, it makes sense to call in ahead of time so they can guarantee they have the funds there).

HSBC require a cheque or withdrawal form, AFAIK the others don't, relying on just a card, if that. All would almost certainly want ID for anything over a certain amount (which they won't, and can't, disclose to you for the simple reason that it compromises your account), specifically a driver's license or passport. And while I'm on that subject - no, your debit card is not a form of ID. No, your credit card is not a form of ID. No, your birth certificate is not a form of ID. No, your bus pass is not a form of ID. No, your Post Office card account card is not a form of ID. No, your expired passport is not a form of ID. I've had all of those presented and more. Do you see now why I'm so annoyed all of the time?

When dealing with building societies, or the ex-building societies (Halifax, Alliance and Leicester, Abbey, Bradford and Bingley) things get murkier. Often they won't let you draw out more than £500 or so at the counter unless you give a couple of days notice, probably because they don't have the cash available and need to get it together (smaller size tends to mean it's less economical and secure to keep lots of cash around the place). They tend to prefer issuing counter cheques (which conversely, the clearing banks usually don't.)

Even the clearing banks aren't that guaranteed - for instance, in Truro in Cornwall, the main HSBC branch is only machines (i.e. can only get out from an ATM), while there's another smaller ("service") branch which has counters and cash... just limited amounts of it. Common sense would suggest that should you need a few grand in cash, you make arrangements beforehand, but sadly as with most things common sense doesn't appear to come into the equation any more

But anyway, in answer to your question - they'd probably just give you what they had. The chances of a bank, even a big one, having £10million on hand are extremely slim. If you wanted that amount, they would probably insist on you signing all kinds of waivers and indemnities, as well as possibly hiring someone like Group 4 Securicor to do all the delivery business for you. Long story short - CHAPS is cheaper.

GiraffeMan

BarclaysManager wrote: »

In a long time of working retail, I saw several requests for cash above and beyond £20,000, but only a few over £100,000.

The largest I ever saw was for £800,000, for a guy who wanted to buy a house in cash (literally). It involved an insane amount of paperwork in terms of pre-notifications for fraud, money laundering, etc. It also required a special delivery to be arranged for the cash which we had out of sync with our regular deliveries and had to open the branch early to do... and also legal department sent down a nice hefty contract (essentially) saying that once the money had gone from the bank to the customer, the bank held no further liability and wasn't interested - i.e. if he got mugged 2 seconds out of the branch, it's his problem. The actual exchange was done in the airlock going to the branch secure area, rather than over the counter.

All in all, it took about 2 weeks to arrange and it was a LOT of money, physically.

And then we all woke up from this yawn of a tale

ShelfStacker_3

ldavies wrote: »

the largest asked tor that I can remember was 500k and they wanted it hand checked infront of them!:eek:

PLEASE tell me you told them to get lost, and made them watch the cashier stick the bundles on a Tellermate scale. PLEASE. That level of hand cramp would be intolerable.