Lloyds debit card and there cashpoints.

rich_shot2003

I have just opened a basic account with Lloyd's and have been given a visa debit card but someone has told me that I can only take cash out at there ATM,s.

Is that right?

stclair

Its the most stupid policy ever however that is correct.

However you can use the post office and ask for cash back if you require any money.

MME_2

stclair wrote: »

Its the most stupid policy ever however that is correct.

However you can use the post office and ask for cash back if you require any money.

There is no profit to be gained from basic accounts and this reduces the loss. I can't remember what it is but I saw the annual cost to a bank resulting from their own customers using other banks ATMs. Not a small figure from memory.

rich_shot2003

stclair wrote: »

Its the most stupid policy ever however that is correct.

However you can use the post office and ask for cash back if you require any money.

Why do they do that?

Its is very stupid but can I get cashback in any shop that does cashback and can I use the card like any other debit card in shops and online?

stclair

rich_shot2003 wrote: »

Why do they do that?

Its is very stupid but can I get cashback in any shop that does cashback and can I use the card like any other debit card in shops and online?

Im not sure be honest however with todays competitive market of bank accounts etc you think they would lift the stupid using a lloyds only ATM policy.

KTF

Who is the 'someone'? Why not call them up or go into a branch and ask?

jonesMUFCforever

The competition is only between 'full' accounts - to be honest most banks would not offer them if the government had not 'leaned' on them.

Saints2011

Visa debit can be used in shops? Which is either a Classic, Silver, Gold, Platinum or Premier account.

The card which you are talking about is a cash account but is not a Visa debit card as per your first post... So maybe you have one of the above in that case you can withdraw at any cashpoint

JuicyJesus

jonesMUFCforever wrote: »

The competition is only between 'full' accounts - to be honest most banks would not offer them if the government had not 'leaned' on them.

They don't really like offering them at all. Most don't let you allow to apply online or over the phone; you have to go into a branch and look for a 12th generation photocopy of an application form behind the filing cabinet in the basement toilet down the rusted metal stairs with no banisters behind the door reading "beware of the leopard".

They make no money. Or, more accurately, the customers they are for are incredibly unprofitable. Banks don't want people on benefits or with poor credit histories, they want someone stable in stable employment with money to spare. If all of Lloyds' cash account customers left them overnight they'd probably spoo themselves inside out with delight at all the money they'd save.

Not a shot at people on benefits or with poor credit histories, just how things are.

rich_shot2003

KirbyBirch wrote: »

Visa debit can be used in shops? Which is either a Classic, Silver, Gold, Platinum or Premier account.

The card which you are talking about is a cash account but is not a Visa debit card as per your first post... So maybe you have one of the above in that case you can withdraw at any cashpoint

My card is deff a visa debit as it says it on the right hand side of card.

I think they give them out now with the basic account.

iereboy

Cash accounts are the basic account.

Again, anyone who has a cash account should get an easy saver savings account, which is free- its comes with a cash card which you can use at any cash point.