Withdrawing money over counter-HSBC

Andy_Ches

EASTERNTHUNDERUK wrote: »

factually not correct, i suggest you check the terms and conditions of all HSBC accounts accurately, despite what you say you will find that they WILL NOT allow over 1k im afraid.

I've been with them some time, quite aware of the T&C's thanks :rotfl::rotfl:

never-in-doubt

Andy_Ches wrote: »

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.

Well said. :T

I've posted a link from SS (HSBC staff) who pretty much confirms you can! LOL, :rotfl:

Andy_Ches

never-in-doubt wrote: »

Well said. :T

I've posted a link from SS (HSBC staff) who pretty much confirms you can! LOL, :rotfl:

Cheers matey.

Off to do some shopping with my HSBC Plus debit card.....can only use this to shop as I can't withdraw money over the counter.......:rotfl::rotfl:

never-in-doubt

Andy_Ches wrote: »

Cheers matey.

Off to do some shopping with my HSBC Plus debit card.....can only use this to shop as I can't withdraw money over the counter.......:rotfl::rotfl:

LOL, actually matey - you can withdraw over the counter :rotfl::rotfl::rotfl:

Aegis

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:

I think that it wouldn't be anywhere near as clear-cut as that. Removing £200k from the banking system would require a lot of auditing and money laundering checks, and the bank would be well within its right to refuse you the money if you didn't follow their procedures to the letter, i.e. providing a cheque written to cash and adequate identification requirements. If you later disputed the payout and the bank hadn't followed its own rules, there might be a lot of trouble, and no manager with an ounce of sense is going to put himself in the position where he's authorised such a large withdrawal without the right documents in place.

You'd be more than welcome to try this one out, but I strongly suspect that you would be turned away and asked to either send the money by CHAPS or to bring in a cheque.

never-in-doubt

Aegis wrote: »

I think that it wouldn't be anywhere near as clear-cut as that. Removing £200k from the banking system would require a lot of auditing and money laundering checks, and the bank would be well within its right to refuse you the money if you didn't follow their procedures to the letter, i.e. providing a cheque written to cash and adequate identification requirements. If you later disputed the payout and the bank hadn't followed its own rules, there might be a lot of trouble, and no manager with an ounce of sense is going to put himself in the position where he's authorised such a large withdrawal without the right documents in place.

You'd be more than welcome to try this one out, but I strongly suspect that you would be turned away and asked to either send the money by CHAPS or to bring in a cheque.

Mate I think you misread what I said, I actually meant for large cash withdrawal giving the correct notice etc.... so yea, i'd provide the i.d and cheque etc - what I mean is that they couldn;t refuse to give me my cash - period.

Extant

never-in-doubt wrote: »

Mate I think you misread what I said, I actually meant for large cash withdrawal giving the correct notice etc.... so yea, i'd provide the i.d and cheque etc - what I mean is that they couldn;t refuse to give me my cash - period.

As said already, yes we can refuse to provide you with your funds as cash. There are very real practical limits to this:

1) Branch cash holdings. Branches are insured for a certain amount of cash at any one time; they can't just hold on to whatever they like. They're going to be able to accommodate "reasonable" amounts - but not in the millions, and some branches probably nowhere above £500,000.
2) Secure delivery contract container limits. G4S, for example, limit their couriers to £25,000 per delivery run (i.e. each trip between bank and van). In addition, there's a limit to what their vans will carry etc. Certain vans may not even be able to carry 40 runs (£1,000,000 in cash), again for insurance reasons, especially in area that operate one man crews.

Couple the two of those together, and it becomes rapidly unrealistic to deliver larger amounts of cash - again, above £500,000 and you'll tend to run in to problems.

In these cases, we are perfectly able to turn you away or offer different solutions instead. Hell, we might even do a CHAPS for free.

There's no law that says we have to give you whatever you want in cash. If you believe there is, go ahead and cite it.

1984ReturnsForReal_2

BarclaysManager wrote: »

As said already, yes we can refuse to provide you with your funds as cash. There are very real practical limits to this:

1) Branch cash holdings. Branches are insured for a certain amount of cash at any one time; they can't just hold on to whatever they like. They're going to be able to accommodate "reasonable" amounts - but not in the millions, and some branches probably nowhere above £500,000.
2) Secure delivery contract container limits. G4S, for example, limit their couriers to £25,000 per delivery run (i.e. each trip between bank and van). In addition, there's a limit to what their vans will carry etc. Certain vans may not even be able to carry 40 runs (£1,000,000 in cash), again for insurance reasons, especially in area that operate one man crews.

Couple the two of those together, and it becomes rapidly unrealistic to deliver larger amounts of cash - again, above £500,000 and you'll tend to run in to problems.

In these cases, we are perfectly able to turn you away or offer different solutions instead. Hell, we might even do a CHAPS for free.

There's no law that says we have to give you whatever you want in cash. If you believe there is, go ahead and cite it.

As a "Barclays Manager" isnt it sackable to give out security info?

:eek:

Extant

1984ReturnsForReal wrote: »

As a "Barclays Manager" isnt it sackable to give out security info?

:eek:

It's not our security information. And it's not hard info to get ahold of - £25,000 for banks, £20,000 for all other institutions.

never-in-doubt

BarclaysManager wrote: »

As said already, yes we can refuse to provide you with your funds as cash. There are very real practical limits to this:

1) Branch cash holdings. Branches are insured for a certain amount of cash at any one time; they can't just hold on to whatever they like. They're going to be able to accommodate "reasonable" amounts - but not in the millions, and some branches probably nowhere above £500,000.
2) Secure delivery contract container limits. G4S, for example, limit their couriers to £25,000 per delivery run (i.e. each trip between bank and van). In addition, there's a limit to what their vans will carry etc. Certain vans may not even be able to carry 40 runs (£1,000,000 in cash), again for insurance reasons, especially in area that operate one man crews.

Couple the two of those together, and it becomes rapidly unrealistic to deliver larger amounts of cash - again, above £500,000 and you'll tend to run in to problems.

In these cases, we are perfectly able to turn you away or offer different solutions instead. Hell, we might even do a CHAPS for free.

There's no law that says we have to give you whatever you want in cash. If you believe there is, go ahead and cite it.

Are you just trying to argue? I have said on numerous occasions, including your quote above - I would provide the correct notice and have all the necessary I.D - so long as I satisfy the terms of my account then trust me, doesn't matter what you say, I can withdraw in cash!

You really are missing the point eh?

Layman's Terms - I have £100k and pay it into my bank. I decide to withdraw it a few months later so go into branch and advise them that I wish to withdraw it in cash and ask them when I could withdraw, being they will need to order the money in. The bank tells me in 4 days I can have it, and to bring in my I.D.

That is it. Simple. Why are you arguing? It is actually quite clear cut and trust me, anyone tells me otherwise is talking, to be perfectly honest, diarrhea!

Regards to G4S may I suggest you get your facts right, they do for certain carry more than £25k per run. As an ex employee I know this for a fact, so come on - what next? Maybe with you, being the amateur bank, it is restricted but trust me G4S will carry more than £25k per van - I have had a lot more than that in my possession in the past including some very very valuable paintings.

There is a law that says you have to give me my money - what part of the legal system are you confused with exactly? If I wanted it and provided the correct I.D & waiting period then any and all banks would pay it out to me - check with a lawyer before carrying on with this pathetic argument that is, for the record, totally theoretical anyway.