Natwest Charges for withdrawing money

sprinty

Hi,
My wife was informed that to withdraw her Natwest savings via a bank cheque she would be charged £12. Their website says this is the charge for a bankers draft. The account she wants to move it to doesnt have the facility to make an electronic transfer, so thats not an option for her.

She has now decided that as a matter of principle she is going to withdraw the max allowed by card from a cashpoint every day until the balance is £0. This is going take her a lot of trips to the bank and involve her walking around town with a lot of cash, which Id rather she didnt do. Id suggest getting it over the counter but Ive heard there fees associated with this too. Can anybody suggest a way for her to get the money in one go without having to pay any charges?
Thanks Mike

Olipro

yes, it's called "online banking" and "telephone banking"

System

Close the account and they will give her a counter cheque or funds transfer for free!

sprinty wrote: »

Hi,
My wife was informed that to withdraw her Natwest savings via a bank cheque she would be charged £12. Their website says this is the charge for a bankers draft. The account she wants to move it to doesnt have the facility to make an electronic transfer, so thats not an option for her.

She has now decided that as a matter of principle she is going to withdraw the max allowed by card from a cashpoint every day until the balance is £0. This is going take her a lot of trips to the bank and involve her walking around town with a lot of cash, which Id rather she didnt do. Id suggest getting it over the counter but Ive heard there fees associated with this too. Can anybody suggest a way for her to get the money in one go without having to pay any charges?
Thanks Mike

madgagoo

sprinty wrote: »

Hi,
My wife was informed that to withdraw her Natwest savings via a bank cheque she would be charged £12. Their website says this is the charge for a bankers draft. The account she wants to move it to doesnt have the facility to make an electronic transfer, so thats not an option for her.

She has now decided that as a matter of principle she is going to withdraw the max allowed by card from a cashpoint every day until the balance is £0. This is going take her a lot of trips to the bank and involve her walking around town with a lot of cash, which Id rather she didnt do. Id suggest getting it over the counter but Ive heard there fees associated with this too. Can anybody suggest a way for her to get the money in one go without having to pay any charges?
Thanks Mike

NatWest withdrew the counter cheque service some time ago, so you are correct that the £12 charge is for issuing a bankers draft.

Options to get the funds out with out a charge:
1. Close the account, they will then issue a cheque via a service centre or transfer the funds electronically to another bank for free.
2. Withdraw the cash (from a branch - you will need extra ID if it is a large amount) and walk it to the other bank - there is no charge for this.
3. Assuming she has a current account with NatWest then transfer the money to the current account and send it from there.

HTH

Twister84

Are the funds in a current account or savings? If she has a current account, transfer the funds into it and write a standard cheque out.

She may also be able to do a Faster Payment if she has a card & pin for any of her accounts, providing the recipient account can accept Faster Payments in.

stclair

**thinks what to say** lol