Withdrawing Cash in £5 denominations

Katgoddess

I take it Cashback at the supermarket isn't an option?

I pay my mother £25 quid in housekeeping per week, and buy a newspaper/sweets for 30p then get cashback.

dougk_2

My advice is keeping going into Halifax and getting the £25 out. If they get funny ask to see the manager. You are the customer and they are there to serve you... if they persist in being awkward threaten to move your account to elsewhere. Its your money not theirs!

The other suggestion is when you shop (say in a supermarket), assuming it is a debit card, get cashback from there.

rainbow21

Yeah I know I can take £50 out for 2 weeks and probably will end up doing to save hassle each time I go in, but I see it as more a matter of principle. It makes me mad cos ive worked for the Halifax for years and know that with a current account you don't have to use the cash machine so I don't like being told the wrong information.

I agree with the point of Halifax staff not knowing about their own products. I only work there irregularly ( in uni holidays) but I ensure I'm up to date about products. Usually when Im working I have to correct cashiers who are there full time as the Halifax lacks training on uptodate product info so it ends up being down to how committed each member of staff to learning the correct information.

m00nie

im with dougk on this one, i would now make a point of going into the branch and getting the money from the counter.

Joe_Bloggs

Can you get a debit card. These things are rather useful and you don't build up small denomination change that you cannot fully exchange without charge.

The fiver is an often sellotaped together effort these days that would jam a cash point machine. Blame the issuing authority for not catering for consumer demand.
J_B.

jonesMUFCforever

The reason £5 notes were pulled from cashpoint is that you can double or quadruple the amount of money in the same machine by putting in higher denominations. This reduces the amount of time a machine needs to be closed for reloading.
Eric

newfoundglory

ejones999 wrote:

The reason £5 notes were pulled from cashpoint is that you can double or quadruple the amount of money in the same machine by putting in higher denominations. This reduces the amount of time a machine needs to be closed for reloading.
Eric

I'd agree with this. It probably improves the reliability of the machine too, due to less notes getting stuck and screwing the cash point up.

ashmit

For anyone who's in Newcastle, the Lloyds TSB just off St Mary's place has two points that dispense fivers. There are two that dispense £10s and £20s and two that dispense £10s and £5s. I love it, especially as it's just next to my bus stop. I'm quite good these days with making a tenner last, but I'd rather that fiver was still earning me interest for another week

Oracus

I run a university branch of a highstreet bank (no the one in question in the OP!). I've got 3 ATM's, 2 in the branch, and one remote to my branch (in what used to be a sub branch, but I digress). Only one of these machines is stocked with £5 notes. I'm currently trying to get this changed as well.

The reason for this is that £5 notes are handled far more, and therefore become torn and tatty - they block the machines. Looking at it from an outsiders point of view, I'd prefer to be able to get 10s and 20s out than nothing at all.

Thats the reason for ATMs stocking £5s getting fewer, the only reason I can give for Halifax not allowing counter withdrawls is that they are the most useless out of all the banks (I still find that them calling themselves a bank amuses me) - bunch of buggers that they are

[Oracus still hasn't got over the fact he was 17 and a half when they converted, and got £150 in a bonus as opposed to £2500 worth of shares]

Os`

MarkyMarkD

Obviously machines with £10 and £20 notes are also far less likely to run out of money, which is particularly an issue over bank holiday weekends and the like. It's really just because of inflation and the increased usage of ATMs which means that their operators want to keep them operational (which means full, and not jammed up as Oracus says) as much of the time as possible.

All things being equal, machines will run out of cash twice as quickly if they have £5s and £10s instead of £10s and £20s. Most machines don't have the physical capacity to hold more than 2 types of note.