Credit Card ATM -£300 a day limit? - But why did this happen?

MuddyFunster

The system used in the ATM network is fairly complex as you might imagine!


Pretty much every card issuer has a different set of rules in regards to pretty much every aspect of the way they work.


If I were to guess I would think one of two things has happened:


1) MBMA's rules in regards to cash withdrawals is per 24 hours, rather than per day.


2) MBNA's cut-off for that day isn't a midnight - it's somewhere between 1am and 3am which oddly isn't unusual.


It's possible you've triggered some fraud prevention marker, but if you had they would have contacted you.

System

It's almost certainly an anti-fraud trigger.
As others have said, they will usually call or text you.

I tried to withdraw with my MBNA Amex, when abroad, and it declined. Got automated calls on my voicemail and arrived home to a contact us letter.

m4rc

Why not call them, they can answer the question, if there is a fraud block they can release it, and they may well be able to offer you a money transfer at a much better rate, potentially free (transaction fee, not interest but some do offer 0% on money transfers for a limited time).

It can't do any harm, and if it is a fraud block then it could prevent your account being locked down when you try again.

Galeeno

Heng_Leng wrote: »

It's almost certainly an anti-fraud trigger.
As others have said, they will usually call or text you.

I tried to withdraw with my MBNA Amex, when abroad, and it declined. Got automated calls on my voicemail and arrived home to a contact us letter.

Abroad blocks can be a pain, did it work out and get clear when you were there


Perhaps the 24 hour period hasn't set it yet?

CKhalvashi

redux wrote: »

I suspect the changeover from one day to the next might be actually at 2 or 3 am rather than exactly midnight.

Definitely midnight (UK time) with HSBC on the daily limit reset, although I do mine on a debit card.

I've done many a 3.30am (local time) cashpoint run when I've been home if making a big-ish purchase, as cards aren't that widely accepted.

PeacefulWaters

You might have been better ringing MBNA to see if they have any cheap offers where they'd have transferred money to your bank account.

I think anti-fraud trigger is most likely in play here.

chattychappy

CKhalvashi wrote: »

Definitely midnight (UK time) with HSBC on the daily limit reset, although I do mine on a debit card.

I've found the same with Santander Zero when getting cash overseas. In Taipei it was quite handy, if I got to my local ATM before 8am, I could make a couple of withdrawals, just one before 8am and one just after (there being an 8 hour time difference during winter).

Can't remember if it's midnight BST during the summer.

Mummyto4kids

I've not withdrawn cash on my CC but on my bank account it has its "changeover" into the following day somewhere between 2 and 3am - its not dead on midnight

chuckley

per 24hour period...