ATM limit and supermarket cashback

callum9999

Hazzanet wrote: »

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

Oh, assuming all banks are the same I must be remembering it wrong then.

cos_2

Lol! Another stunning display of MSErs pretending they know the answer to a question!

Come on, guys! If you don't know the real answer it's easy not to type stuff

opinions4u

cos wrote: »

Lol! Another stunning display of MSErs pretending they know the answer to a question!

Come on, guys! If you don't know the real answer it's easy not to type stuff

Makes for a boring forum though.

Hazzanet

callum9999 wrote: »

Oh, assuming all banks are the same I must be remembering it wrong then.

It's the only organisation I've seen do it that way; all others I've used lump it together as you say... and I've been with a fair few other banks/building societies in my time.

dalesrider

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 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.

My guess would be a fraud based reason. As higher ATM limits means higher exposure to ATM fraud.

Some banks already have £500 or £1000 limits :eek:
Many people that have these cards request the limit to be lowered. As they will never take that much out.

innocent_girl

jonesMUFCforever wrote: »

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

In my case I was buying a car. Card payment not accepted.

System

Some people just prefer to transact in cash - makes spending more real.
Also with interest rates so low there is much less incentive to keep funds in a current or savings account.

Large transactions like a car purchase are best done with large denominations such as £100s rather than a bundle of £20s though!

jonesMUFCforever

innocent_girl wrote: »

In my case I was buying a car. Card payment not accepted.

You still could have done a faster payment - much safer than cash.

pinkdalek

jonesMUFCforever wrote: »

You still could have done a faster payment - much safer than cash.

True they could have but in the end it was the seller of the car who requested method of payment not the person who paid for it in cash.

the-mango

Heng_Leng wrote: »

Some people just prefer to transact in cash - makes spending more real.
Also with interest rates so low there is much less incentive to keep funds in a current or savings account.

Large transactions like a car purchase are best done with large denominations such as £100s rather than a bundle of £20s though!

where you getting a £100 note from?