Increase in daily allowance

Gavin_in_Saudi

can any one tell me why Nationwide B/S will not allow me to increase the daily allowance on MY ACCOUNT using MY Visa debit card from a ATM?,
Martin Help

Walletwatch

Isn't that more a security feature - that if the card and pin were to fall into wrong hands, your loss is limited to the daily allowance on the ATM card? Also, these daily allowances themselves are fixed for each bank e.g. on my Citibank card, it is £500, on HSBC it is £250 and £300 on Abbey, etc...

Gavin_in_Saudi

many thanks Walletwatch for your comments, but if i request to the bank to increase the amount by say £50.00, dont you think it is my right, or am i too imature to be allowed to manage my own money. no i am not overdrawn, yes i pay all my bills on time, no i do not have a loan (apart from a mortgage) and im still in credit, so if i ask for more money why o why should i not have it?

Bossyboots

The whole point of the limit is to reduce cash card fraud and has nothing to do with how you manage your own account. If someone has access to your card and pin they are going to steal your money. If you require a larger limit for a particular reason this can be arranged with some banks but otherwise, the daily limit is there for your protection. Everyone's daily limit is the same so you are not being singled out in this respect.

You agreed to the terms and conditions when you opened your account and these are variable at any time with 30 days notice. The original T&Cs will have stated or subsequently been amended to show the daily limits and by continuing to use your account you have accepted these. (Not that there is much you can do about it anyway except move banks and as far as I know all banks have a daily cash limit).

JanCee

Daily ATM withdrawals are fixed according to the type of account or card you have and this does vary from bank to bank. If you are already on the maximum withdrawal limit for your account then your bank would be unable to increase it as the computer system simply would not allow it.

grumbler

I don't understand why you so desperately want your limit to be increased, but you can open another account with NW. Transfers between accounts are instant and you can you can withdraw twice as much with two cards.
Also you can get more cash over a counter in a branch and for joint accounts with two cards daily limit is for each card, not for account.

chodges84

With my Abbey account I can withdraw £600 from an 'ATM'. You can withdraw £300 a time, but go straight back and withdraw another £300.

Abbey themselves told me this when I opened the account.

Helen_from_yorkshire

chodges84 wrote:

With my Abbey account I can withdraw £600 from an 'ATM'. You can withdraw £300 a time, but go straight back and withdraw another £300.

Abbey themselves told me this when I opened the account.

Have you ever tried to do this? When we needed to draw out a large sum of money we tried this but the ATM wouldn't let us have the second £300. The account is a joint a/c and we also tried using my hubbie's card for one lot of £300 and my card for the other lot, it wouldn't allow that either.

We checked this out afterwards with telephone banking and they confirmed it is £300 per account you can withdraw in any 24 hour period.

The only other solution is to withdraw £300 at 11.585 pm and another £300 at 12.01 am.

grumbler

Helen_from_yorkshire wrote:

We checked this out afterwards with telephone banking and they confirmed it is £300 per account you can withdraw in any 24 hour period.

Don't know about Abbey, but Nationwide told me and I checked this (only when being abroad though) that the limit is per card, not per account.

Bossyboots

My understanding with abbey is that you can only withdraw £300 per 24 hour period. You used to be able to make two withdrawals a day but I think they have stopped that.

JanCee

grumbler wrote:

Don't know about Abbey, but Nationwide told me and I checked this (only when being abroad though) that the limit is per card, not per account.

Maybe this varies from bank to bank but at RBS the withdrawal limit is on the account and not on the card and as Natwest is now owned by RBS it is probably the same there.