Latest news with #cashwithdrawal
The Sun
10 hours ago
- Business
- The Sun
Major bank axing key service at 12 branches within days – is your local affected?
A MAJOR banking chain is axing a key service at 12 high street branches within days. Santander is getting rid of counters in these branches and switching them to a "counter-free" format. 1 This means customers will no longer be able to deposit or withdraw coins or large amounts of cash at these locations. Instead of speaking to staff at a counter, customers will be directed by floor staff to use ATMs and payment machines, making most transactions digital. Santander has already removed counters from six of its branches this year, but another 12 are set to lose the service in the coming weeks. Branches in Bromsgrove, Northwich, Sittingbourne, and Streatham will stop offering counter services on Monday, June 30. Customers in Bracknell will see counters removed on July 7, while Hartlepool and Nuneaton will follow on July 14. Gravesend and Liverpool's Allerton Road branch will lose counters on August 4. Camberley, Orpington, and Rotherham branches will make the switch to a counter-free format on August 11. Customers needing to deposit or withdraw coins will have to visit another full-service Santander branch or use one of the 11,684 Post Offices. Withdrawals over £500 a day will also need to be made elsewhere. This is because cash withdrawals will now be handled through in-branch ATMs rather than in person at a counter. Inside the hubs restoring high street banking and reversing the tide of mass branch closures Customers can use their debit card to withdraw more cash at the Post Office, with a limit of £10,000, depending on the funds available at the branch. For withdrawals over £5,000, there is a £10 flat fee. Withdrawals over £2,000 incur a charge of 50p per £100, while amounts above £5,000 are charged at 35p per £100. A spokesperson for Santander UK, said: "As customer behaviour changes, we are ensuring that our branches remain fit for the future. "Our new combination of full-service branches, alongside Work Cafés, counter-free branches and reduced hours branches, aims to provide the right balance between digital banking and face-to-face money management and guidance. "As a business, we must move with customers and balance our investment across all the places where we interact with customers, to deliver the very best for them now and in the future." Which branches are already counter-free? Abingdon - 23 Bury Street, Abingdon, Oxfordshire, OX14 3QT Accrington - 29-31 Union Street, Accrington, Lancashire, BB5 1PL Stirling - 49-51 Port Street, Stirling, Stirlingshire, FK8 2EW Eastleigh - 58 Market Street, Eastleigh, Hampshire, SO50 5RU Edgware - 115 Station Road, Edgware, Middlesex, HA8 7JG Neath - 20 Green Street, Neath, West Glamorgan, SA11 1EA What else is happening at Santander? Santander is cutting the opening hours of dozens of its branches from June 30. This move comes as part of a broader restructuring, which also includes the closure of 95 branches and the conversion of 18 to "counter-free" service desks. Currently, most branches are open Monday to Friday from 9:30am to 3:00pm, with many also open on Saturday mornings from 9:30am to 12:30pm. Under the new plan, these branches will only open three days a week. Twenty-one branches will operate on a Tuesday, Thursday, and Saturday schedule, while 14 others will open on Monday, Wednesday, and Friday from 9:30am to 3:00pm. One branch will see its hours reduced even further, opening only on Tuesdays and Thursdays. The bank, which serves over 14million UK customers, announced in March that it plans to close 95 branches across the UK. Following the shake-up, just 349 branches will remain on the high street. What you can do if your local bank is set to close There are still a number of ways people can access basic banking services without having to venture to another town with a branch. You can use one of the Post Office's 11,684 branches to perform basic banking tasks — but not to open new bank accounts or take personal loans and mortgages. You can find your nearest Post Office branch by visiting Meanwhile, many banks offer a mobile banking service - where they bring a bus to your area offering services you can usually get at a physical branch. Other banks use buildings such as village halls or libraries to offer mobile banking services. It's worth contacting your bank to see what mobile services they have available, and when they might next be in your area. New super ATMs are being rolled out across the UK where branch closures have left residents unable to access essential banking services. These ATMs will allow customers to withdraw funds, access their balance, change PIN numbers and deposit cash. Bank of Scotland, Barclays, Halifax, Lloyds, NatWest, Royal Bank of Scotland and Ulster Bank are already signed up to allow deposits, at the super ATMs. Banking hubs are also being opened across the UK with 250 set to be available by the end of 2025. These sites typically feature a counter service operated by the Post Office as standard, enabling customers to conduct routine banking transactions conveniently. Each hub also has a private area where customers can consult with staff representing their banks for more complex matters. What services do banking hubs offer? BANKING hubs offer a range of services to bridge the gap left by the closure of local branches. Operated by the Post Office, these hubs allow customers to perform routine transactions such as deposits, withdrawals, and balance enquiries. Each hub also features private booths where customers can discuss more complex banking matters with staff from their respective banks. Staff from different banks are available on a rotational basis, ensuring that customers have access to a wide range of banking services throughout the week. Additionally, customers can receive advice and support on various financial products and services, including loans, mortgages, and savings accounts.
CNA
a day ago
- CNA
Four charged over money laundering scheme via cash withdrawals from Sheng Siong teller machines
Authorities have uncovered a new money laundering scheme involving the illegal withdrawal of cash from Simple Teller Machines. $TMs, which use the PayNow function, are found at certain outlets of supermarket chain Sheng Siong. Four men aged between 16 and 23 have been charged, with over S$50,000 believed to have been laundered through such means. Staff had noticed large cash withdrawals from multiple machines across Singapore on Jun 18. When the pattern repeated itself the next day, they called the police. Sheng Siong has since implemented a maximum of five withdrawals per day for each user. Chloe Teo reports.
Daily Mail
3 days ago
- Business
- Daily Mail
Lloyds Bank wouldn't let me withdraw £600 in branch and insisted I use a cash machine outside
I went to my local branch of Lloyds Bank in Caerphilly to withdraw £600 in cash at the counter only to be told that due to new rules I had to go to the outside cash machine. If I wanted to be served at the counter I would have to request withdrawal of £800 minimum. The member of branch staff said all customers had been notified of this new procedure in March 2025. Looking at the current Lloyds website it states there is no limit for withdrawals over the counter just give advance notice if the request is for over a certain amount. Checking on my correspondence from Lloyds Bank I can find no notification of this change of policy. I wanted to withdraw it from the counter, as I felt vulnerable getting out such a large sum of cash outside - and I didn't think I'd be able to withdraw such a large sum from an ATM anyway. Helen Kirrane of This is Money replies: Lloyds is one of the few banks which does not have a maximum limit on how much cash customers can withdraw from the counter, according to advice it gave This is Money earlier in the year. Customers need to be able to provide identification if they are withdrawing lager sums. It sounds like you were given the wrong information by the member of branch staff at the counter. Lloyds has not changed the amount that can be withdrawn at the counter - or set a new minimum. What it has changed is the amount customers can withdraw from the ATM if using a Lloyds debit card. Customers can now withdraw amounts up to £800 in cash at the ATM and this has steadily been increasing. Previously, the amount which could be taken out at the ATM was £500. But you should still have been allowed to withdraw an amount of less than £800 at the counter without being made to go outside to use the ATM, which you said you did not feel comfortable doing for such a sum of cash. I don't blame you. Lloyds' branch staff will let customers know the options available to them for carrying out banking with it, but I am surprised a staff member thought the best way for you to withdraw £600 was to go outside and do it at the ATM. A Lloyds bank spokesman said: The amount you can withdraw at a cash machine is £800 per day if you hold a Lloyds Bank debit card. Helen Kirrane adds: Lloyds said you should have been able to withdraw the money over the counter. Earlier this year we asked the big high street banks how much customers can withdraw in cash at the counter. HSBC does not have a maximum limit for how much cash a customer can withdraw from the counter, providing it has the amount you require in cash at your branch. For cash withdrawals up to £5,000 you will not need to give any advance notice to Santander to get your money. Customers can withdraw amounts up to £5,000 over the counter during its opening hours on Monday to Friday – though not on Saturdays. There's no limit to how much money you can take out over the counter in a Barclays branch – as long as you've got the money in your account. Withdrawals up to £2,000 can be made at a Nationwide branch counter without giving prior notice to the building society.
LBCI
18-06-2025
- Business
- LBCI
BDL raises withdrawal limits under Circulars 158 and 166
The Banque du Liban (BDL) announced an increase in monthly cash withdrawal limits, as outlined in Circulars 158 and 166, citing ongoing economic and financial hardship, as well as the urgent financial and humanitarian needs of depositors. In a statement on Wednesday, BDL said Circular 158's monthly cash withdrawal limit will rise from $500 to $800, while Circular 166's limit will increase from $250 to $400. These new limits will take effect on July 1, 2025, and will remain in place for one year, renewable through July 1, 2026. The decision also includes an extension of both circulars, originally set to expire on June 30, 2025. BDL emphasized the importance of swiftly passing legislation that ensures the return of depositors' funds. It added that it is actively coordinating with the Lebanese government and Parliament to achieve this goal. Read the full decisions on Circulars 158 and 166.
The Sun
07-06-2025
- Business
- The Sun
Holiday ATM warning that could leave holidaymakers without cash this summer
HOLIDAYMAKERS might end up without cash this summer if they are not aware of this banking feature. Many travellers choose to withdraw cash at the ATM when they are abroad. 1 However many could be unaware that there is a limit to how much you can take out every day The amount can vary so it is worth checking with your provider ahead of your travels to avoid being caught short. Below we share how much money each high street bank lets you withdraw each day. BARCLAYS The bank of over 20 million Brits lets customers withdraw up to £300 per day when abroad. This rises to £1000 for those with a premier account. Barclays said customers have amended their cash limits in their Barclays app then these will apply when abroad as well. That means if you set your withdrawal limit to £200, you will only be able to take this much out when you are abroad. You will also be charged a 2.99% fee for withdrawing cash abroad with your Barclays debit card. That means you would be charged an extra £2.99 for withdrawing £100 abroad. The fee will also apply if you pay using your debit card. Lloyds Lloyds said customers can withdraw up to £800 per day when abroad. However, it warned the amount you can take out may vary depending on which ATM you choose to withdraw cash from. Lloyds customers are also charged a 2.99% fee for using their card abroad. But Club Lloyds members have recently had this fee waived as part of changes to the scheme. It now costs £5 per month to have a Club Lloyds account after the price was hiked from £3. Halifax Halifax is a subsidiary of Lloyds and also has a £800 maximum withdrawal fee. Customers are also charged a 2.99% fee for using their card abroad. But from August 1, Halifax Rewards customers will have this charge removed. It comes as part of a refresh of the banking offer, which will see new features added and some taken away. SANTANDER The high street bank said the highest amount that customers can withdraw abroad is £300. The same rate applies to customers withdrawing cash in the UK. This applies to Santander customers using the Edge, Edge Up and Everyday current account. However customers with a Private Current Account, which has a £5 monthly fee, the daily withdrawal limit can be up to £1,500. Santander warned this may vary depending on the ATM. NATWEST NatWest has over 19 million users across the UK, making it another popular bank for customers. How much you can withdraw from an ATM when abroad depends on what type of account you have. For example, customers with a student, graduate savings and teen accounts have their limit set at £250 per day. This increases to £300 for those with premium accounts such as NatWest Silver of Platinum, which offers rewards and travel insurance. The bank also charges customers a 2.75% fee to use their debit card abroad. NATIONWIDE The bank, which has 17 million customers, said current account holders can withdraw up to £500 per day at an ATM abroad. However, the bank warned overseas banks may put higher limits on transactions. For safety purposes and customers may find they are only able to withdraw a sterling equivalent of £135 to £150 per transaction. If customers are affected by this, they can make further withdrawals on the same day up to the accounts withdrawal limit. Customers may be charged for their transactions. Nationwide customers are charged a 2.75% fee to use their debit card abroad. BEWARE OF THIS SIMPLE MISTAKE If you are travelling abroad this summer you should also be aware of this easy ATM mistake that could cost you. Cash machines will usually give you the option to pay in the local currency or in pounds. It may seem like the obvious option to pay in pounds, as it's more familiar and the currency linked to your card. However, by choosing this option you could end up paying more for the cash coming out of the ATM or for the goods you're paying for at the till. That is because the overseas bank will do the conversion to pounds and the rates are unfavourable. However, if you choose to pay in the local currency your card will instead do the conversion which is usually much more favourable. So if you are keen to save cash when abroad, you should opt to pay in the local currency and not pounds. Are there other options to for spending abroad? There are several specialist cards that can give you a great exchange rate. These cards include travel credit cards and pre-paid cards which can let you pay abroad without fees or at a set exchange rate. Senior Consumer Reporter Olivia Marshall explains all the options. Travel credit cards: Travel credit cards allow you to spend money abroad without being hit by any fees or hidden charges. But, they may still charge you for taking cash out. We recommend the Halifax's Clarity Card as it won't charge you for using it abroad, nor are there any fees for withdrawing cash. But you will be charged interest if you don't repay your balance in full at a rate of 19.9 per cent. And you will be charged interest on cash withdrawals until your balance is paid off too, at a rate of between 19.9 and 27.95 per cent depending on your credit score. In other words, just because you are using plastic abroad doesn't mean you don't have to pay these credit cards off like you normally would. Always pay off your balance before the end of the month with these cards to make sure that any money you saved isn't wiped away by paying interest. For more on travel credit cards you can read our guide here. Pre-paid cards: An alternative to carrying cash around is to get a pre-paid card. These cards allow you to put a set amount of cash on the card at a fixed exchange rate. So if the rate is good at the moment, you can put money on your card and it will stay that rate when you are on holiday. Just keep in mind that these cards can sometimes have hidden costs and charges so be sure to read the small print.
