how much money are you allowed to withdraw from counter?

Question

like if you ask even a 1000 pounds there ask why do you want it and behave all serious are they allowed to do that

protect my moeny but its my money so im allowed to take what ever i want

Answer 1

I hope that haven't asked yourself that. It can make one feel a little awkward.

Amounts that are seen as covertly suspicious are often questioned. They are often stricter on your ID. i.e. They'll stare at your signature for the withdrawal for a good 10 seconds. It's just to make sure nobodies robbing you.

Secondly, for prevention of crime and tax evasion. Paying cash for an expensive item, often means the tax man is purposely avoided, reducing the price. Furthermore, criminals, thugs and gangs don't accept cheque or credit card.

Those are the reasons they ask... but I don't think you'd admit any of the above anyway. Just be honest, and if they're rude, complain.

AND YOU CAN WITHDRAW EVERYTHING OVER A BANK COUNTER. I THINK PEOPLE ARE ANSWERING IN RELATION TO AN ATM MACHINE. THAT OR THEY'VE STILL GOT A KIDDIES ACCOUNT FOR UNDER 12'S.

Answer 2

The bank takes responsibility if they let someone else other than the approved account holder take funds out of an account.

So, if you're withdrawing 1000 pounds, then they would want to make sure you are the account holder.

What age are you? You sound like you're acting nervous or something similar. If you've got nothing to hide you shouldn't have to worry.

If you're uncomfortable with their questioning, then tell them it's none of their business and could you please speak with the manager.

Answer 3

Basically banks use your money to lend to other people. If you take your money out that leaves them less to lend out. If everyone takes their money out, the bank goes bust. So they tend to ask questions, to make sure that:

a) you're not taking it to another bank (if you are they may offer better interest etc to make you stay)
b) you're not going to put it under your mattress
c) you are not just temporarily mad, ie you have some good reason.

Also, they take a mild interest in your welfare, and don't want people getting mugged 100m down the road, so they tend to check that you actually need it in cash form rather than some safer way of moving it around.

Answer 4

You can withdraw up the the amount set by the bank to keep your bank a/c open. But it is funny they ask such questions. It is only in their job scope to verify your identify against your bank a/c and withdraw the money for you accordingly.

Next time tell them, you are burning the money.. lol..

Answer 5

Depends on how much you have in your account. Usually if it's a large amount - over £10,000 the bank would need notice of cash withdrawal... Although most banks would have that amount availbale anyway. You may have to answer some questions first - like why, what, when, etc....... and have some I.D. on you too......

Answer 6

from the hole in the wall usually £200. over the counter in the bank £5000 if any more sometimes you need to ring the bank the day before a order the cash.
cheers

Answer 7

depends on the account
generally £250 per day
more than that they ask for 3 or 4 working days

Answer 8

depends largly on your bank. Halifax allow £1000 per day unarranged but if you give them a few days notice then the skys the limit! lol

Answer 9

do you mean from a bank?
I guess they are only trying to protect your money.

But how do they know its really you? If someone came in and said they were you, took out loads of money, you would be angry at the bank. They have to check its really you

Answer 10

aany amount really up to a grand but you need valid id first like a driving licence or a passort to prove who you are and they may ask you what the money is for but they cannot give you a babd faqce because that is unfriendly in my opinion