Banking help (withdrawl)

steveh · World Chat Champion Joined: 24 Aug 2004 Karma :

Okay, so viewing a bike on monday with the intention to buy, my cheque cleared friday, and im wanting to draw £1700 out of my Savings account at Nationwide.

ive heard they need 3 days notice, is it possible to get the money by the afternoon if this is the case?

Does a bankers draft work, does it take time to clear like a cheque.

im abit worried.

Steve.
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TheShaggyDA · Repost Police Joined: 14 Jun 2004 Karma :

Mondays are a good time to draw money out of a bank without notice, as a lot of shops will do their paying in on a Saturday. I've been lucky in the past doing this, but I don't think it will be as true for building societies.

A banker's draft is a cheque issued by the bank itself, so you wouldn't need to wait for it to clear.
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lozzypop1 · Certified MILF! Joined: 04 Jan 2006 Karma :

Not quite true...
Bankers drafts still take 3-4 working days to clear, But they ARE a guaranteed payment! HTH
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TheShaggyDA · Repost Police Joined: 14 Jun 2004 Karma :

Yes, but Steve wouldn't have to wait for it to clear. Not unless whoever sold him the bike didn't trust the bank to have enough funds Smile

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[i:6e3bfc7581]But still I fear and still I dare not laugh at the madman...[/i:6e3bfc7581]

feef · Energiser Bunny Joined: 11 Feb 2002 Karma :

Since the change in the law regarding money laundering, it's harder to withdraw large amounts of cash with no notice. Give the bank a day or two's notice and you should be fine.

I bought the firestorm with cash, and just went to the cash machine the 3 preceding days and maxed out the withdrawl limit. Couldn't be bothered sorting out large withdrawls.

a
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steveh · World Chat Champion Joined: 24 Aug 2004 Karma :

really annoyed, i do hope theres a way to get it out early tomorow, possibly dinnertime ish.

Steve.
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WavyGravy · Scooby Slapper Joined: 10 Mar 2006 Karma :

Savings accounts are different to current accounts, my current account I can draw out as much as I like without notice, my savings accound doesnt allow me to draw more than 300 pounds ina 24 hour period
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Itchy · Super Spammer Joined: 07 Apr 2005 Karma :

bring your passport and driving papers in any case , that should be ok for a current account , it is at Barclays ,
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Jack_Cheese · World Chat Champion Joined: 14 Jul 2005 Karma :

Abbey said anything over £500 they need ID for when withdrawing from a saver's account. They never mentioned a withdrawal limit, but as has been mentioned already, it may be different for a building society.

If you can't get the cash, then why not take the fella down to the bank and get it transferred.

Jack
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Ant · World Chat Champion Joined: 24 Feb 2003 Karma :

when i needed my money for my van they just let me have it (5K) and then phoned 3 days later to check it wasnt someone with my id! Confused

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syl · World Chat Champion Joined: 05 Dec 2005 Karma :

NSR Mick · World Chat Champion Joined: 26 Jun 2005 Karma :

Go into the branch and say you need it sharpish, if they are funny about it say you want to close the account and are going to take your business elsewhere, that has worked for me in the past. Thumbs Up

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Ste · Not Work Safe Joined: 01 Sep 2002 Karma :

yambabe · World Chat Champion Joined: 12 Jul 2004 Karma :

The notice period doesn't usually mean the bank may not have that amount of cash available, it geneally means that unless you give them the required notice you will lose interest on your savings, anything from a months worth to a years worth depending on the terms of your account.

Ring the bank first thing in the morning to check.

As has already been said, you can also ask the bank to do a CHAPS payment (same day electronic transfer) into the sellers account. There is usually a charge for this though and it might be as much as £20.
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TOM M · World Chat Champion Joined: 18 Mar 2005 Karma :

lozzypop1 · Certified MILF! Joined: 04 Jan 2006 Karma :

syl · World Chat Champion Joined: 05 Dec 2005 Karma :

Unfortunately, anyone who offers me a bankers' draft is likely to be someone who I don't know, therefore can't trust - and I don't know what kind of dodgy acquaintances they have.

If I knew the person anyway, they may as well give me a regular cheque.
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john2 · Brolly Dolly Joined: 25 Mar 2006 Karma :

I had the same problem with my account, i had to withdraw 1100 and as i was only 15 at the time i had some crappy account where my max withdrawal was 100 a day, so it took me 11 days to get the full money out

steveh · World Chat Champion Joined: 24 Aug 2004 Karma :

VTR SP1 · Brolly Dolly Joined: 31 Aug 2004 Karma :

Like GSXRmick said tell them you want to close the account now and wants your funds as cash.
I have done this in the past and it works a treat.

SP1
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john2 · Brolly Dolly Joined: 25 Mar 2006 Karma :

Whosthedaddy · Super Spammer Joined: 11 Dec 2005 Karma :

tribal_tiger · World Chat Champion Joined: 29 Mar 2005 Karma :

I've walked in off the street with just my passport and withdrawn £1,600 over the counter, they just asked a few questions and handed it over.
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G · The Voice of Reason Joined: 02 Feb 2002 Karma :

tribal_tiger · World Chat Champion Joined: 29 Mar 2005 Karma :

I've a mate who works as a manager of a bookies, they had someone come in to place a bet on the Brazil vs Japan game, just dumped £100,000 in £50's on the counter, for Brazil to win.

Good job he won! Still, cos the odds were so crap he got back £122,000. That's a pretty big risk!

My mate had to walk down to a local post office where they do their banking with all this bloody cash!!!
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