Withdrawing money over counter-HSBC

Extant

never-in-doubt wrote: »

Yes you can - see my post above! If you give any bank notice they must agree to any size of withdrawl so long as they are happy with the ID you provide. Say I won the lotto and told my bank, in 11 days I need £200k in £20 notes. Trust me, they'd give me it over the counter. You know why? Cos it'd be against the law to say no!

Oh, really? And what law is that?

£200,000 in cash is actually nothing, and there are several Barclays branches that could accommodate that without any notice.

That said, if you asked to withdraw £50m in cash, even with a month's notice, we're well within our rights to tell you to - in polite terms, of course - piss off.

never-in-doubt

BarclaysManager wrote: »

Oh, really? And what law is that?

£200,000 in cash is actually nothing, and there are several Barclays branches that could accommodate that without any notice.

That said, if you asked to withdraw £50m in cash, even with a month's notice, we're well within our rights to tell you to - in polite terms, of course - piss off.

The law that says it is my money! Theft but to name one! So long as I give adequate notice the bank must fulfil their part of the agreement. Simple, didn't think i'd need to go quoting laws to prove this....

I know that £200k is nothing, I was merely making reference to principle not process.

Regards to £50m, i'm sure most banks could and probably would tell us to !!!! off haha - they couldn;t afford to repay it probably :rotfl:

Extant

With regards to private or premier banking - the "premium" service offered by UK retail banks - is worth virtually nothing and is nowhere near as prestigious as you think. The relationship managers regularly have portfolios in the hundreds.

If you're ever with a "real" private bank, you sure as hell won't be posting on here...

never-in-doubt

BarclaysManager wrote: »

With regards to private or premier banking - the "premium" service offered by UK retail banks - is worth virtually nothing and is nowhere near as prestigious as you think. The relationship managers regularly have portfolios in the hundreds.

If you're ever with a "real" private bank, you sure as hell won't be posting on here...

Exactly, I did mention the two that mattered - Coutts & HSBC Premier. The reason HSBC is because of the salary limit/mortgage etc - either way means you're a higher rate taxpayer. Unlike the natwest private that you can buy into for £XX per month! Someone on the dole could get some 'private accounts' but the guy was using it as a 'bragging tool' thus I questioned it.

I deffo agree with last comment - can you imagine Sir Alan or Sir Richard coming on here to tell us about Amstrad & Virgin? lol

Extant

never-in-doubt wrote: »

The law that says it is my money! Theft but to name one! So long as I give adequate notice the bank must fulfil their part of the agreement. Simple, didn't think i'd need to go quoting laws to prove this....

The fact that it is your money - something which no bank will dispute in regular circumstances - means nothing. Theft is the act of stealing, stealing is the act of taking someone's property without permission and without intent to return it.

It's not stealing as a) you deposited the money or facilitated the deposit, therefore no money was taken without permission and b) you can have the money by other means, i.e. CHAPS, therefore there is no intent to not return it.

Providing cash is a service and the banks are not obligated to do it beyond what is reasonable to them.

Regards to £50m, i'm sure most banks could and probably would tell us to !!!! off haha - they couldn;t afford to repay it probably :rotfl:

:rolleyes:

Yeah, that's real smart. When did you last hear of a UK bank refusing funds because they didn't have enough?

never-in-doubt

BarclaysManager wrote: »

The fact that it is your money - something which no bank will dispute in regular circumstances - means nothing.

Think you'll find if I wanted to obtain my money and the bank tried to say no, and offer chaps or the like, that i;d win and get it however I wanted. You're playing on words but know full well what i'm saying so i'll leave this now cos you're obviously on one of your 'attitude' days again :eek:

BarclaysManager wrote: »

Yeah, that's real smart. When did you last hear of a UK bank refusing funds because they didn't have enough?

Last year actually..... I thought that was what all this 'fuss' was about, the fact that banks stopped lending to each other - wasn't that cos they didn;t have enough? Yup, I think you'll find it was.

Again, you seen the sarcasm in my post so why take it literally? :mad:

Extant

never-in-doubt wrote: »

Exactly, I did mention the two that mattered - Coutts & HSBC Premier. The reason HSBC is because of the salary limit/mortgage etc - either way means you're a higher rate taxpayer. Unlike the natwest private that you can buy into for £XX per month! Someone on the dole could get some 'private accounts' but the guy was using it as a 'bragging tool' thus I questioned it.

HSBC Premier doesn't matter - from their own website, they require only £50,000 in savings or investments - that's no small number of people.

Coutts is more "middle market" as they'll accept people with less than £250,000 liquid.

The thing to remember with private banks is who they're owned by. Coutts is RBS, and has been developed in to more of a "mass market" private bank which will cater to anyone.

The more prestigious private banks tend to be independent and rather specialist; usually invitation only. See Hoares, Duncan Lawrie, the Rothschilds, etc.

Extant

never-in-doubt wrote: »

Think you'll find if I wanted to obtain my money and the bank tried to say no, and offer chaps or the like, that i;d win and get it however I wanted. You're playing on words but know full well what i'm saying so i'll leave this now cos you're obviously on one of your 'attitude' days again :eek:

No, you've said that "the law" says you can have whatever you want, and you're wrong.

You can't cite this law at all, because it doesn't exist. There's no "attitude" here, I'm asking you to prove your point under burden of proof, and you cannot do it. You are wrong, you know it, and now you're trying to hide behind some personal statement about me.

Last year actually..... I thought that was what all this 'fuss' was about, the fact that banks stopped lending to each other - wasn't that cos they didn;t have enough? Yup, I think you'll find it was.

Again, you seen the sarcasm in my post so why take it literally? :mad:

Because there was no sarcasm there. Sarcasm requires irony, there was no irony.

And lending to each other is different to returning funds held on deposit, the current topic of discussion.

never-in-doubt

BarclaysManager wrote: »

HSBC Premier doesn't matter - from their own website, they require only £50,000 in savings or investments - that's no small number of people.

Coutts is more "middle market" as they'll accept people with less than £250,000 liquid.

The thing to remember with private banks is who they're owned by. Coutts is RBS, and has been developed in to more of a "mass market" private bank which will cater to anyone.

The more prestigious private banks tend to be independent and rather specialist; usually invitation only. See Hoares, Duncan Lawrie, the Rothschilds, etc.

Yea I know what you're saying but to a lot of people, having £50k is a lot of money and like having £25pm to pay for Natwest Private..... that's what I was getting at.

I respect Coutts for one reason and one reason alone, the Queen uses them. Therefore they must be half decent, middle market probably being the Queen herself hasn;t got Romans Billions!

I recognise the names you quoted, you told me them before and they do seem impressive - so that explains what you're saying, someone that banks with these isn;t going to be on here! Martin maybe? lol

Andy_Ches

EASTERNTHUNDERUK wrote: »

Youve done that along with opening account after account judging by your postings on here

hmmmmmmmmmmm

hmmmm :rolleyes::rolleyes:

Excuse me, you have no right to criticise me and I'll do with my finances as I please.

Yes, I'm an HSBC account holder and have been for over 10 years and I have had various second accounts along the way with many banks and to be quite frank it's none of your business.

And I think you'll find I have customer experience with other banks, hence my postings.

And also I am not incorrect, if my branch allows me to draw money over the counter then its correct in my eyes.