notice for cash withdrawl

dan_cup

Hi,

anyone know how much notice i will need to give HSBC to withdraw £13800 in cash?

also is a bankers draft instant or do they have a few days to clear?

a guy is worried about me driving off in his car if the funds arent cleared you see.

thanks

MoneyTown

My Experience with FirstDirect at an HSBC branch was that you could take as much as you had out without notice needed.

I do remember taking my chequebook and Passport as ID though. Also once they asked me to ring a phone number to get a security code that they would confirm.

If in doubt call the branch.

dan_cup

MoneyTown wrote: »

My Experience with FirstDirect at an HSBC branch was that you could take as much as you had out without notice needed.

I do remember taking my chequebook and Passport as ID though. Also once they asked me to ring a phone number to get a security code that they would confirm.

If in doubt call the branch.

thank you, that sounds positive.

yea i would of called them but its gone 5 now so prob no point.

il take passport and such like in tomorrow

emma396

for a large amount like that i would be inclined to give at least 24 hours notice so they have the money ready and available.

chesky369

dan - I think you'd be better advised asking the bank themselves, rather than us - we have been known to be wrong.

Mikeyorks

Bank Draft isn't instant ... it's a cheque, but drawn by the Bank therefore takes the standard time to clear. You'll need to ask the seller if he willl take it as 'instant' as it's 'guaranteed' funds?

You'd be totally unwise to anticipate getting £13k in cash over the counter .. you need to give them notice.

If it's a private sale - it's really one or the other. Or you could CHAPS it into his account .. and split the (up to) £30 cost with him (but needs arranging in advance - then trigger it with a call once you're OK with the car) If a dealership - your Debit Card is the safest bet ... but you'll have several security questions to answer via your Bank.

dan_cup

Mikeyorks wrote: »

Bank Draft isn't instant ... it's a cheque, but drawn by the Bank therefore takes the standard time to clear. You'll need to ask the seller if he willl take it as 'instant' as it's 'guaranteed' funds?

You'd be totally unwise to anticipate getting £13k in cash over the counter .. you need to give them notice.

If it's a private sale - it's really one or the other. Or you could CHAPS it into his account .. and split the (up to) £30 cost with him (but needs arranging in advance - then trigger it with a call once you're OK with the car) If a dealership - your Debit Card is the safest bet ... but you'll have several security questions to answer via your Bank.

thanks mike, yea its private sale.

he wasnt keen on cash to start with but now he isnt keen on brakers draft becasue he wont have the cash in his account when i drive away.

as you say its one or the other.