Getting a large amount of cash out.

Haircut · 31 Jan 2007 at 17:21

JollyGreen said:
well with my bank I paid in over £10,000 in cash over the counter at 11am, and at 3pm attempted to withdraw £3,000, nope, sorry sir, we can't do that!
3 working days please...

This may be a stupid question, but if you wanted it 4 hours later why didn't you just pay in £7K and keep the £3K in cash?

G-MAN2004 · 31 Jan 2007 at 17:30

So if you were a millionaire how would you draw out very large amounts then? Lets say over 20k.

Daveyboy · 31 Jan 2007 at 17:36

Get a bankers draft... you never know who's looking over your shoulder eyeing the cash.

My dad went into HSBC to get a draft from a business account for £10k - the teller told him they didn't have time can he take cash... did - left the bank with it in a big brown envelope concealed under jacket and got robbed by 3 black blokes a few streets away getting into his car. Didn't steal the car or his phone, but knew he had the money in his jacket

never proved as an insider job (I have my suspicions) so may have been a bloke in the queue, rang his mates up nearby

Burnsy2023 · 31 Jan 2007 at 17:41

G-MAN2004 said:
So if you were a millionaire how would you draw out very large amounts then? Lets say over 20k.

Why would you want to?

Burnsy

G-MAN2004 · 31 Jan 2007 at 17:42

burnsy2023 said:
Why would you want to?

Burnsy

Errm to buy something really expensive with cash?

Burnsy2023 · 31 Jan 2007 at 17:44

G-MAN2004 said:
Errm to buy something really expensive with cash?

In most cases you could just use plastic, what concievable situation would you need cash?

Burnsy

saitrix · 31 Jan 2007 at 17:48

burnsy2023 said:
In most cases you could just use plastic, what concievable situation would you need cash?

Burnsy

Buying a car privately.

starscream · 31 Jan 2007 at 17:51

I've taken out 10k before without any notice - Nationwide.

Bes · 31 Jan 2007 at 17:52

saitrix said:
Buying a car privately.

Or some talc

Bes · 31 Jan 2007 at 17:53

Daveyboy said:
Get a bankers draft... you never know who's looking over your shoulder eyeing the cash.

My dad went into HSBC to get a draft from a business account for £10k - the teller told him they didn't have time can he take cash... did - left the bank with it in a big brown envelope concealed under jacket and got robbed by 3 black blokes a few streets away getting into his car. Didn't steal the car or his phone, but knew he had the money in his jacket

never proved as an insider job (I have my suspicions) so may have been a bloke in the queue, rang his mates up nearby

did he get anything back?

trojan698 · 31 Jan 2007 at 17:54

burnsy2023 said:
In most cases you could just use plastic, what concievable situation would you need cash?

Burnsy

Buying 10kgs of Cocaine from some Columbians.

Burnsy2023 · 31 Jan 2007 at 18:02

saitrix said:
Buying a car privately.

For more then 20k? Surely most people would pay by cheque and wait for it to clear?

Burnsy

Vulcan · 31 Jan 2007 at 18:02

trojan698 said:
Buying 10kgs of Cocaine from some Columbians.

Wouldn't even get you 1Kg. :rolleyes:

Vixen · 31 Jan 2007 at 18:23

G-MAN2004 said:
So if you were a millionaire how would you draw out very large amounts then? Lets say over 20k.

For a start, you almost certainly wouldn't be banking with a high street bank, it would be Coutts or similar, who only deal with high value customers. They do things differently to keep the rich people happy

.

matthew_o50 · 31 Jan 2007 at 18:27

Slime101 said:
I know halifax wont give you more than £1200 over the counter unless you "order" it in advance.

Halifax gave me more than that out before without asking them. They ask for ID though when withdrawing more than £1200.

I don't think you'll have any problem getting £2500 out, if you urgently need it then call them just to make sure.

Maz · 1 Feb 2007 at 09:45

HSBC/First direct I just write a cheque out for cash

Ak!ta · 1 Feb 2007 at 09:55

I withdrew £8000 cash from my bank... I got the money, but i did was asked a few extra security questions and was asked to come back in an hour to collect the money..

PhilthyPhil · 1 Feb 2007 at 10:23

Vixen said:
For a start, you almost certainly wouldn't be banking with a high street bank, it would be Coutts or similar, who only deal with high value customers. They do things differently to keep the rich people happy .

Plenty of millionaires use high street banks. After all, a million isn't all that much these days.

Haircut · 1 Feb 2007 at 10:26

PhilthyPhil said:
Plenty of millionaires use high street banks. After all, a million isn't all that much these days.

I doubt there are all that many people that have access to over £1million in their bank account that use high street banks.
Plenty of people who have a net worth of £1million will do though.

PhilthyPhil · 1 Feb 2007 at 10:36

Haircut said:
I doubt there are all that many people that have access to over £1million in their bank account that use high street banks.
Plenty of people who have a net worth of £1million will do though.

Obviously no one is going to keep £1m in a high street bank account, that's not what I said though