Making a large withdrawal - tell bank first?

VincentVega

A quick question:

I will be making a large (low five figure) withdrawal from my Lloyds TSB current account on Friday afternoon (using my Visa/Delta debit card). There is sufficient credit in my account for this transaction not to bounce. Should I advise my bank of the transaction some time before it happens or can I rest easy that it will go without a hitch?

TIA.

dalepearson

ALways best to give them the heads up, so they can put a note on the system. It will still get flagged by security though.

mountainofdebt

for a purchase made last Saturday.

I was asked to give a password especially for the purchase and then security asked me for 2 characters of that password - and it went without a hitch.

jonesMUFCforever

Yes.
First to ensure that they have sufficent cash stocks to give you ( You could be 5th or 6th person wanting a similar amount that day!for example)
Secondly even if you are known to branch it is easier and safer if you take id with you.Some branch staff may be known to you but the cashier might not.

Mikeyorks

If it's cash as previous post (and you don't make it sound that way) you must give advance warning as the unheralded cash limit, even in Branch, is only around £300.

If its using your debit card (new car?) you don't need to warn. But you do need to be prepared to answer security questions via the retailers merchant acquirer (who will have contacted your Bank - and they will phrase the questions). So - if you are registered with your Bank for home banking, you will have all that set up and need not worry. But if not registered - you would sensibly tell your Bank in advance as they may decide to set up a temporary security facility to cover this transaction.