Requesting a lot of cash from a bank
Requesting a lot of cash from a bank
Author
Discussion

Whatsmyname

Original Poster:

944 posts

106 months

Wednesday 17th June 2020
quotequote all
Would a bank let me have quite a bit of cash say £50k in £50 notes over the counter? Obviously from my account not at gunpoint.

steveo3002

11,205 posts

203 months

Wednesday 17th June 2020
quotequote all
theyd want notice so they can order it in

bad company

21,919 posts

295 months

Wednesday 17th June 2020
quotequote all
It’s your money. They’ll need some notice and I reckon they’ll ask what you want it for.

QuartzDad

2,973 posts

151 months

Wednesday 17th June 2020
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Should be fine with notice, surprising how little volume 20 bags takes up.

Sy1441

1,283 posts

189 months

Wednesday 17th June 2020
quotequote all
Anything over 10K and an SAR report has to be filed so they would defo ask what you want it for. I've lifted £25k before to buy a car.

If you want it in specific denominations then I'd defo phone ahead.

Simpo Two

92,709 posts

294 months

Wednesday 17th June 2020
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Ransom payments are such a PITA!

Robertj21a

18,009 posts

134 months

Wednesday 17th June 2020
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They need advance notice and will ask questions.

Whatsmyname

Original Poster:

944 posts

106 months

Wednesday 17th June 2020
quotequote all
Simpo Two said:
Ransom payments are such a PITA!
It’s not that bad. Stupid but not bad.

Skyedriver

23,397 posts

311 months

Wednesday 17th June 2020
quotequote all
A few years ago HSBC wouldn't let me have (IIRC) about £7k without a full inquisition abut what I wanted it for. They even asked to see the ad for the car!
Apparently they were worried that I might get mugged in the street, it was much safer to do a bank transfer (and possibly type in an incorrect number) - right!
Au contraire, TSB said OK last year for a similar amount. Needed notice for large sums but said they'd have that amount in stock.

Simpo Two

92,709 posts

294 months

Wednesday 17th June 2020
quotequote all
I quite like the idea of going into a bank and asking for so much money that HSBC hasn't got it. Next stop - Monte Carlo!

Robertj21a

18,009 posts

134 months

Wednesday 17th June 2020
quotequote all
Simpo Two said:
I quite like the idea of going into a bank and asking for so much money that HSBC hasn't got it. Next stop - Monte Carlo!
Individual bank branches don't usually keep too much cash on the premises nowadays. If they need any sizeable amount it will be delivered by security van.

Brads67

3,199 posts

127 months

Wednesday 17th June 2020
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They can ask what they like but you are free to tell them nothing.
Cash is a promise, they have no choice but to give it to you if you have it deposited.

If you tell them it's to put on a horse they won't bat an eyelid.

PSB1

4,248 posts

133 months

Wednesday 17th June 2020
quotequote all
Sy1441 said:
Anything over 10K and an SAR report has to be filed so they would defo ask what you want it for. I've lifted £25k before to buy a car.

If you want it in specific denominations then I'd defo phone ahead.
To join the massive backlog, no doubt.

alfabeat

1,478 posts

141 months

Wednesday 17th June 2020
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I took out £45k from Natwest, but had to go to 3 different branches to get it. Business account, and my relationship manager arranged it in a couple of hours. Not too many questions asked.

ZOLLAR

19,920 posts

202 months

Wednesday 17th June 2020
quotequote all
PSB1 said:
Sy1441 said:
Anything over 10K and an SAR report has to be filed so they would defo ask what you want it for. I've lifted £25k before to buy a car.

If you want it in specific denominations then I'd defo phone ahead.
To join the massive backlog, no doubt.
Accurate!

the tribester

2,928 posts

115 months

Wednesday 17th June 2020
quotequote all
Whatsmyname said:
Would a bank let me have quite a bit of cash say £50k in £50 notes over the counter? Obviously from my account not at gunpoint.
I visited my town centre based bank and asked for one £50 to put in a nieces birthday card. There was a great search of all the tellers drawers, and finally found the only fifty they had.
Apparently the local shops refuse to take 50s, and shoppers therefore don't want to withdraw cash containing fifty, so they don't routinely stock them or handle them.
My niece had never seen a 50 before, and months later, still hasn't spent it!

Simpo Two

92,709 posts

294 months

Wednesday 17th June 2020
quotequote all
Robertj21a said:
Individual bank branches don't usually keep too much cash on the premises nowadays. If they need any sizeable amount it will be delivered by security van.
It would be safer then if they delivered direct to my house, like groceries... saves me walking home with £50K cash in a grubby holdall...

Skyedriver

23,397 posts

311 months

Wednesday 17th June 2020
quotequote all
the tribester said:
Whatsmyname said:
Would a bank let me have quite a bit of cash say £50k in £50 notes over the counter? Obviously from my account not at gunpoint.
I visited my town centre based bank and asked for one £50 to put in a nieces birthday card. There was a great search of all the tellers drawers, and finally found the only fifty they had.
Apparently the local shops refuse to take 50s, and shoppers therefore don't want to withdraw cash containing fifty, so they don't routinely stock them or handle them.
My niece had never seen a 50 before, and months later, still hasn't spent it!
Yes I kept a couple of £50 in my wallet as they take up less space than 5x £20 but I've now cashed them in, I have heard shops getting very picky with £50s, they can't hand them back out and they're worried about fakes despite there are more £20 fakes about and thwy never check them.

Simpo Two

92,709 posts

294 months

Wednesday 17th June 2020
quotequote all
Skyedriver said:
Yes I kept a couple of £50 in my wallet as they take up less space than 5x £20...
Never realised the thickness of three pieces of paper were so crucial...!

Funk

27,652 posts

238 months

Wednesday 17th June 2020
quotequote all
Simpo Two said:
I quite like the idea of going into a bank and asking for so much money that HSBC hasn't got it. Next stop - Monte Carlo!
You even get to wear a mask while doing it!