ATM limit and supermarket cashback

innocent_girl

If I have withdrawn the £300 limit from an ATM can I then get cashback from Tesco as well? If so how much can i get?
TIA

robpw2

yes you can get cashback , this is normally limited to £50 a transaction

callum9999

Doesn't cashback go through lumped in with whatever you bought as a purchase? I.e. as far as your bank is concerned, you've just spend £50.49 in Tesco whereas you actually got £50 cash and bought a paper?

In which case there shouldn't really be any limits other than the maximum Tesco will give out at any one time (but this is just me guessing!).

opinions4u

robpw2 wrote: »

yes you can get cashback , this is normally limited to £50 a transaction

Further to this accurate answer, you can also open another account with an ATM card and send a Faster Payment in to it. Then withdraw up to the ATM limit for that card.

MoneySaverLog

opinions4u wrote: »

Further to this accurate answer, you can also open another account with an ATM card and send a Faster Payment in to it. Then withdraw up to the ATM limit for that card.

I knew there was a reason for having 3 vantage debit cards, when I only really use the one account day to day.

Hazzanet

When I did my main banking with Norwich and Peterborough, I pulled the max £250 from the cashpoint and then tried to get cashback at Sainsburys. The card was declined. On calling N&P, they advised that they count the cashback towards the cash withdrawal (not ATM) limit.

Hope that helps anyone with N&P.

dalesrider

innocent_girl wrote: »

If I have withdrawn the £300 limit from an ATM can I then get cashback from Tesco as well? If so how much can i get?
TIA

YES. Usually £50.

You could even do cashback a few times the same day.

But be aware that could trigger a security alert.

Some banks will allow you to increase your daily limit for a short period if you need to get more cash than your daily limit.
Also joint acc, means each card has its own daily limit.

MoneySaverLog

Lloyds TSB have a daily ATM limit of £300 unless you have a Gold or higher AVA account in which case it's £500. It seems unlimited, to a reasonable level, at the counter. I took £1,500 out this way once.

I thought cash backs were added as purchases so they avoided the daily cash withdrawal limits though.

michaels

ltsb have given me up to £10k over the counter, best to book the funds in advance though so you don't end p with a mountain of 20s.

innocent_girl

dalesrider wrote: »

YES. Usually £50.

You could even do cashback a few times the same day.

But be aware that could trigger a security alert.

Some banks will allow you to increase your daily limit for a short period if you need to get more cash than your daily limit.
Also joint acc, means each card has its own daily limit.

Thanks I had no idea you could increase your limit. I just called the bank and they said they can temporarily increase it. Thanks again!!

bobblebob

halifax area upping the daily limit to £500 in a few month. Assume rest of banks will too?