Credit/Debit/Prepaid: ATM Card without daily withdrawal limit?

Tammy00

Hello Everyone,

I am looking for a bank and type of bank account that would include ATM card regardless of its type (credit or debit or prepaid) without daily cash withdrawing limit. Calling the financial institution and hope to either rise or remove limit won't help. Also withdrawing money personally in the branch is off-topic because I am asking about ATM. Either no maximum ATM cash withdrawal limit or extremely high one).

It can be either inside or outside of UK. It can also be prepaid card as long as it has own bank account number (e.g. iban) to wire funds to it.

Any suggestion what to choose would be highly appreciated. So far I have done a lot of research but everything I see is by far too low maximum daily ATM cash withdrawal limit

Nebulous2

How big a limit do you need? Some banks will go up to £1000.You could have half-a-dozen bank accounts with £500 limits each, giving you £3000.

Banks are never going to go for what you want because of the risk of fraud. Setting a limit caps their potential loss.

Tammy00

At least 50000 EUR daily ATM cash withdrawal limit or above, this is around 41840 GBP.

I have contacted many offshore bank account providers but not a single one was able to offer me one account, out of their ''products list'', that would have high enough ATM cash withdrawal limit.

It can also be via debit card where i don't ''borrow'' anything from the bank but only withdraw the AVAILABLE balance on account. As long as the card either doesn't have atm daily withdrawal limit OR very very high one.

jonesMUFCforever

No chance you money launderer! LOL

Just look at the logistic of trying to withdraw 50,000 euro from a machine - how many notes would you be able to stuff in your pocket before they would fly off all around the place?


Thank everything that schools are back tomorrow.

DCFC79

Tammy00 wrote: »

Hello Everyone,

I am looking for a bank and type of bank account that would include ATM card regardless of its type (credit or debit or prepaid) without daily cash withdrawing limit. Calling the financial institution and hope to either rise or remove limit won't help. Also withdrawing money personally in the branch is off-topic because I am asking about ATM. Either no maximum ATM cash withdrawal limit or extremely high one).

It can be either inside or outside of UK. It can also be prepaid card as long as it has own bank account number (e.g. iban) to wire funds to it.

Any suggestion what to choose would be highly appreciated. So far I have done a lot of research but everything I see is by far too low maximum daily ATM cash withdrawal limit

Tammy00 wrote: »

At least 50000 EUR daily ATM cash withdrawal limit or above, this is around 41840 GBP.

I have contacted many offshore bank account providers but not a single one was able to offer me one account, out of their ''products list'', that would have high enough ATM cash withdrawal limit.

It can also be via debit card where i don't ''borrow'' anything from the bank but only withdraw the AVAILABLE balance on account. As long as the card either doesn't have atm daily withdrawal limit OR very very high one.

Why would you need a high limit ?

lr1277

Another thing to consider is that not all ATM's hold that much money. A quick search of ATM's in the UK suggest they hold anything from 5k to 120k. The 5k - 10k range being the most common.

boo_star

If you need to take out 50k in a day, go to a bank branch.

You'd probably have to phone in advance because most don't hold that much money in cash.

boo_star

jonesMUFCforever wrote: »

No chance you money launderer! LOL

Just look at the logistic of trying to withdraw 50,000 euro from a machine - how many notes would you be able to stuff in your pocket before they would fly off all around the place?


Thank everything that schools are back tomorrow.

Probably more a fraudster than a money launderer.

DCFC79

boo_star wrote: »

If you need to take out 50k in a day, go to a bank branch.

You'd probably have to phone in advance because most don't hold that much money in cash.

I agree the only option but the OP mentioned he wants to use ATM's.

Tammy00

DCFC79 because withdrawing like 150 EUR every day would take ages to finalize.

lr1277 there are multiple ATMs to use. Not only one.

boo_star flight ticket to the country where branch is located would cost a lot and time consuming also. However I am yet to open such bank account, I am just searching for ATM card.

SnowTiger

Tammy00 wrote: »

DCFC79 because withdrawing like 150 EUR every day would take ages to finalize.

lr1277 there are multiple ATMs to use. Not only one.

boo_star flight ticket to the country where branch is located would cost a lot and time consuming also. However I am yet to open such bank account, I am just searching for ATM card.

Perhaps it's time to tell us what you're trying to achieve. Perhaps someone will come up with a better solution.