If I go into my bank how much can I draw out in one go?

Phate · 19 Jun 2007 at 22:56

Hello All,

I want to put £1700 into my mates account and for expediency I want to pay it straight into his.

Is it possible to walk into my bank and take £1700 out in one go?

Lloyds TSB b.t.w

Cheers.

starscream · 19 Jun 2007 at 22:59

Yup, no problems with that amount.

the_candyman · 19 Jun 2007 at 22:59

yes you can but i you need idenification to draw that much out.
ask for it all in 1p's to make life easy lol

Phate · 19 Jun 2007 at 23:01

the_candyman said:
yes you can but i you need idenification to draw that much out.
ask for it all in 1p's to make life easy lol

Will my driving license be ok?

Meh, £50's will do

GSXRMovistar · 19 Jun 2007 at 23:03

Phate said:
Will my driving license be ok?

Yep.

the_candyman · 19 Jun 2007 at 23:03

Phate said:
Will my driving license be ok?

Meh, £50's will do

i think it would be ok but i dont have one so i normally use my passport to withdraw money. its photo identification so it should be fine.
£10's or £5's so it looks like there is loads of money

Bunka · 19 Jun 2007 at 23:03

Can you not set up a direct transfer so you don't have to withdraw a load of cash?

Bomag · 19 Jun 2007 at 23:03

A banker's draft would be safer.

NiccoLau · 19 Jun 2007 at 23:04

Phate said:
Will my driving license be ok?

I believe, yes.

Martins · 19 Jun 2007 at 23:04

Driving license could be fine, but I'd ring up first, as my bank at least (Halifax) is awful with taking out large amounts of cash...
They needed a week's notice for pulling out £3k when I'd deposited £11k that morning!

Bunka · 19 Jun 2007 at 23:04

Bomag said:
A banker's draft would be safer.

Bunka said:
Can you not set up a direct transfer so you don't have to withdraw a load of cash?

Great minds n'all that.

Adz · 19 Jun 2007 at 23:05

You could also use CHAPS if you don't want to bother with cash. Just ask over the counter, they'll know what to do (although they might have to call their manager

).

meghatronic · 19 Jun 2007 at 23:06

You should need to forms of ID for > £1000 now with most banks.

So Passport/Driver's license is ideal.

Phate · 19 Jun 2007 at 23:07

Bunka said:
Can you not set up a direct transfer so you don't have to withdraw a load of cash?

That'll take a few days to clear, I want to cash in there ASAP.

[TR]SweetSpotOz · 19 Jun 2007 at 23:07

What's wrong with a BACS transfer? EDIT: Just read above.

£1700 is OK, phone them up before and tell them and then just walk with the cash to the other bank.

ScattyHolly · 19 Jun 2007 at 23:08

I bank with the Halifax and went to withdraw £2500 last Monday only to be told i had to order anything over £1200. They were able to let me have a Bankers draft fpr the full amount instead. I don't know if TSB operate the same policy but it might be worth a quick phone call.

Phate · 19 Jun 2007 at 23:10

I'll give em a quick ring first -

Thanks all

Jez · 19 Jun 2007 at 23:12

Shouldnt need to give any advance notice for £1700. It only tends to be £10k+ which they have an issue with.

Might as well do it in cash, £1700 wont "look" like very much at all.

This is natwest

McDaniel · 19 Jun 2007 at 23:12

Phate said:
I'll give em a quick ring first -

Thanks all

You wont have to ring for that amount its fine

They may be prompted to call for an authorisation if its unusual for you to withdraw like that - if so - i could be ID'ing you

DL is fine for ID

Bomag · 19 Jun 2007 at 23:39

Phate said:
That'll take a few days to clear, I want to cash in there ASAP.

A banker's draft is not a cheque. The money is debited from your account when it is written, not when it is presented like a cheque. Therefore, there is no clearance process, the second bank knows the money is in the first account.

The only problem is if it turns out to be a forgery, as your bank will want their money back, but that's not relevant.