minimum pay-in

maxthepolarbear

Hi - for bank account with a minimum pay-in requirement - is there a limit as to how long the minimum pay-in amount has to stay (e.g. overnight) or can I withdraw it out the moment it's deposited?

Thanks

HappyMJ

Much more information needed. You can have a balance of £9.99 deposit 1 penny over the counter then go the cash machine and withdraw £10 straight away.

If you're talking about those current accounts that require monthly funding you can withdraw that straight away. There is no need to keep it there longer than necessary.

maxthepolarbear

HappyMJ wrote: »

Much more information needed. You can have a balance of £9.99 deposit 1 penny over the counter then go the cash machine and withdraw £10 straight away.

If you're talking about those current accounts that require monthly funding you can withdraw that straight away. There is no need to keep it there longer than necessary.

Thanks Happy MJ - that answered my question.

(I was intending to ask about say HSBC advance account with a £1750 minimum pay in - could i pay that in say in one go - and withdraw it a minute later)

badger09

maxthepolarbear wrote: »

Thanks Happy MJ - that answered my question.

(I was intending to ask about say HSBC advance account with a £1750 minimum pay in - could i pay that in say in one go - and withdraw it a minute later)

Indeed you can. Or you can pay in say £500, withdraw, pay in £500, withdraw, pay in £500, withdraw, pay in £250, withdraw all on the same day, or spread over several days if you wish.

I'd advise you to keep it as simple as possible though;)

Dird

badger09 wrote: »

I'd advise you to keep it as simple as possible though;)

Especially when that would leave him £750 overdrawn