Large cash withdrawl from Santander123

System

I find the branch size more relevent - the small branches tend not to hold as much cash and seem far less likely to have £50/£100 notes.

pvt wrote: »

Withdrawal of large amounts of cash is always possible by arrangement - otherwise how would it ever be possible to do?

Proper clearing banks (NatWest/Barclays/Lloyds) are probably better for this than the ex building societies (Santander/Halifax/Nationwide etc).

keiran

Pretty sure there are no £100 notes - or I'm just too poor to have seen one!

Naf

I used to work at one of Santander's larger branches. The way things operated felt very much like a building society trying really hard to look like a bank. We would generally say that up to £1,000 was usually OK without notice, and would try to do up to £5,000 if possible, depending on what cash was available. Above £5,000 was not allowed without prior notice. Smaller branches were not allowed to do £5k plus at all.

£500 is the stated daily limit at the counter (this is per account), plus another £300-£500 at the cash machine (which is per card). They attempted to introduce a policy that customers had to get their £300 limit from the cash machine before they could get anything at the counter :rotfl: I wonder if that's still around.

A joint account would have a card each, making it easy to get £1,100-£2k any day without any special notice.
A customer with two current accounts could easily get £1600-£2k.
A customer with a curent account and a savings account could access £1,300-£1,500.

Naf

keiran wrote: »

Pretty sure there are no £100 notes - or I'm just too poor to have seen one!

They're not issued by the Bank of England, but some other sterling producers to make them:

https://en.wikipedia.org/wiki/Banknotes_of_the_pound_sterling#Bank_of_England_notes

And larger stuff too:

Higher-value notes are used within the banks – particularly the £1 million and £100 million notes used to maintain parity with Scottish and Northern Irish notes. Banknotes issued by Scottish and Northern Irish banks have to be backed pound for pound by Bank of England notes (other than a small amount representing the currency in circulation in 1845), and special million pound notes are used for this purpose. Their design is based on the old Series A notes

Ballard

skcollobcat10 wrote: »

I think that it is disgusting that we have to ask permission for our own money to be withdrawn and why should we as the customer have to let them know what we wish to purchase.

It's simply not practical for a branch to hold enough cash for all of their customers to withdraw all of their money. 200 customers with £20k in their account is £4,000,000. If no advance notice was required they'd have to hold enough cash for a fair proportion of their customers to withdraw their cash.

Ballard

Naf wrote: »

They're not issued by the Bank of England, but some other sterling producers to make them:

https://en.wikipedia.org/wiki/Banknotes_of_the_pound_sterling#Bank_of_England_notes

And larger stuff too:

Good luck spending a £100 note in England.

Naf

Ballard wrote: »

Good luck spending a £100 note in England.

Indeed. There's enough places which don't accept £50s already.

AnotherJoe

I believe anyone can just rock up and withdraw money to your hearts content.

eDicky

Ballard wrote: »

Good luck spending a £100 note in England.

I spent a Scottish £100 note in an Essex Tesco store a couple of years ago without problem, even though they'd never seen one before.

Flobberchops

Kim_13 wrote: »

The vendor may want cash only for fear of a chargeback or something.

That's a legitimate concern, sure. However would receiving a big bundle of 20s be much more reassuring? How do you know they're not counterfeit? Are you going to hand-count them before handing over that £15k car? If you don't trust the buyer to not perform a chargeback, why are you trusting him to not have one of his mates mug you as you waddle to the bank with your big bag of money?

It's one of the few instances I'd turn to a bank draft as a preferred form of payment.