Alliance & leicester "best banana republic" bank.

DocProc

On an opposite note....

Not a lot of people know that, if you try and bank a cheque for over 'say £15,000', at a Lloyds TSB branch, the cashier will ask you to wait a minute because s/he has to go and get it 'authorised'.

Perhaps this is used as an 'intro' to get you to talk to one of the managers so that said manager can flog you a product or service?

irishwench69

Bernard_Coleslaw wrote:

I think the main points were:

• The OP wanted the moon
• On a stick
• Without prior warning
• Despite this, the bank bent over backwards to deal with what to most of us would be an exceptional request
• Free of charge
• Some sensible security measures appear to be in place
• Which for 99.99% of internet users won't cause any issues
• But, hey, let's have a good old moan anyways....

I'm sure I'll be corrected if I've missed any of the main points.

snezhinskproject wrote:

I believe there is a technical term commonly used in disputes of this kind.

Find it hidden in these scrambled letters: T W A T

May I suggest that this international business deal-maker, the need for whose presence in the far flung-corners of the world can arise at the drop of a hat, instruct one of his PAs to keep an emergency cash float, in a number of different currencies ranging from the £ to yak skins for barter in Mongolia, at one of his number of sumptuous corporate HQs, lest some prol in a high street bank ever have the temerity not to bend over (backwards? forwards?) on instruction?

:rotfl:

Absolutely PMSL at these and other posts on here!! :T :rotfl: :T :rotfl:

All I would ask the OP is if you are such a prolific member of the high business community, surely you would know your own banks policies on taking large sums of cash out?!

The rules are there to protect you - have you ever heard of fraud, money laundering etc etc.........?!

Thanks for giving me a laugh though.......what a doughnut :rolleyes:

Oh and for the record, Nationwide have a £500 a day limit, unless you give them 48 hours notice. This is usually up to around £10,000, but they reccomend speaking to them at least 48 hours in advance......I've certainly never had a problem with them! :money:

IW x

JoseChungsDoomsday

molerat wrote:

The only hiccup i have had with A&L is exceeding the daily use limit of my debit card. There is no mention of a limit for card purchases in the T&C's.
I bought a car and then went to the PO to tax it. The card was rejected. I then tried to withdraw cash, same again. Luckily it was in banking hours so I went into the branch, who know me well, and they issued me the cash but had to override both the exceeding use and the minimum withdrawal.

They dont have to be in the T & C's. Banks dont publish their security procedures for a reason.

gogsboy

irishwench69 wrote:

Oh and for the record, Nationwide have a £500 a day limit, unless you give them 48 hours notice.

I have just started a thread asking about amount able to take out of banks and my problem was with Nationwide when I went in the other month to take out £1300.

They would only give me £1000, that was their policy they said and like you have said need notice for larger amounts, but they never tired to fob me off with £500

Phoenix79_2

DocProc wrote:

On an opposite note....

Not a lot of people know that, if you try and bank a cheque for over 'say £15,000', at a Lloyds TSB branch, the cashier will ask you to wait a minute because s/he has to go and get it 'authorised'.

Perhaps this is used as an 'intro' to get you to talk to one of the managers so that said manager can flog you a product or service?

Probably for fraud reasons. Any amount paid in over a certain amount at a bank is referred to the relevant authorities.

mrs_mug_2

DocProc - large cheques have to have a second signature on them, for fraud reasons.

Also I am quite sure the likes of A&L etc are only insured to hold a certain amount of money in the branch at any time - which is why they have a lower limit on the amount of cash you can withdraw without notice. Sometimes they have sufficient cash in the branch to allow you to take more out (for example if they'd just had a large deposit in or if they were expecting another cash delivery soon).

It may come as a shock to the op but the majority of bank and building societies do not go out of their way to make life difficult, just more secure.

molerat

JoseChungsDoomsday wrote:

They dont have to be in the T & C's. Banks dont publish their security procedures for a reason.

Surely a daily limit limit on card use is a T&C not a security issue.

Mark7799

Phoenix79 wrote:

Probably for fraud reasons. Any amount paid in over a certain amount at a bank is referred to the relevant authorities.

I don't think that applies if it's a cheque which can be traced back to the originator - cash yes. More likely a sales pitch in the offing

Hazzanet

gogsboy wrote:

I have just started a thread asking about amount able to take out of banks and my problem was with Nationwide when I went in the other month to take out £1300.

They would only give me £1000, that was their policy they said and like you have said need notice for larger amounts, but they never tired to fob me off with £500

Nationwide told me that they could only hand over £500 at the counter and then I could take out a further £300 from the hole-in-the wall. Total=£800. Sounds like you did well to get £1,000!

bukhaariuk

I think the reason for taking a large amount of cash is that he can get a better exchange rate for his pound stirling when converting to indian rupees on the black market.

The passage of money through any cashless means example draft, bank to bank transfer, money order, travellers cheques etc would mean his rate of exchange would be set by the bank(s) or government which is always less than the black market.