ATM limit and supermarket cashback

MoneySaverLog

bobblebob wrote: »

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

If that's the case may be Lloyds will too :-)

skivenov

Could always go to the cashpoint about midnight, draw the limit before 12, and the same after.

Other way that I've done before is go to somewhere like Morrisons where there's 3 cashpoints in a row, all from different banks, and move quickly between them. Doesn't always work, and avoid your own bank's machine.

pinkdalek

bobblebob wrote: »

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

More than likely as most banks tend to follow what the Halifax does

callum9999

Hazzanet wrote: »

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.

That's interesting. Unless I'm remembering it wrong, cashback appears lumped in with anything else you buy as one transaction on your statement, does anyone know how they are working out that you have taken cash back and not just £50 of groceries? Or does the whole thing get reclassified as a cash transaction if part of the sale is cash?

Hazzanet

callum9999 wrote: »

That's interesting. Unless I'm remembering it wrong, cashback appears lumped in with anything else you buy as one transaction on your statement, does anyone know how they are working out that you have taken cash back and not just £50 of groceries? Or does the whole thing get reclassified as a cash transaction if part of the sale is cash?

It's listed separately on N&P statements (at least it was when I was with them):

jonesMUFCforever

Is there any particular reason why anybody needs large amounts of cash these days?
Surely safer to use faster payments or cards?

sujman

jonesMUFCforever wrote: »

Is there any particular reason why anybody needs large amounts of cash these days?
Surely safer to use faster payments or cards?

To pay for work and avoid VAT?

opinions4u

pinkdalek wrote: »

More than likely as most banks tend to follow what the Halifax does

In 1996 I submitted a proposal to increase the Halifax ATM withdrawal limit from £300 to £500.

10% of withdrawals at my branch counter were for between these amounts on card accounts.

The suggestion was rejected. Can't remember why.

But they've hardly been quick off the mark since!

My assumption is that there will be a corresponding reduction in cashier numbers as a result.

pinkdalek

opinions4u wrote: »

In 1996 I submitted a proposal to increase the Halifax ATM withdrawal limit from £300 to £500.

10% of withdrawals at my branch counter were for between these amounts.

The suggestion was rejected. Can't remember why.

But they've hardly been quick off the mark since!

My assumption is that there will be a corresponding reduction in cashier numbers as a result.

In 1996 you could argue £300 was worth more than it is today, maybe the typical amount withdrawn back then at an ATM was much less than £300, whereas today there could be a bigger increase in customers taking £300 and then getting more off a cashier? Plus the limits now at the counter have doubled.

The reason why I said about most other banks follow what the Halifax does wasn't aimed at ATM limits, but was a general observation.

Hominu

sujman wrote: »

To pay for work and avoid VAT?

So, for criminal activities then?