How much is it possible to withdraw from a cashpoint machine with a credit card and pin number?

by , 11 months ago

(assuming of course that the balance is available in the credit limit)

Responses (4)

Hi Zoltan and welcome.

£300 per card per day is your answer. But I would never withdraw money from a credit card, the rate of interest is terrible.

by Hetley, 11 months ago

Hi Zoltan and welcome to the forum.

I have one that allows to me withdraw £400 a day, but Hetley's right, the standard maximum is £300 a day.

You will be charged a percentage of between 2% and 3% transaction fee for withdrawing the cash which is subject to a minimum charge, usually between £2 and £3. Also, the interest on a cash withdrawal is substantially higher than the interest on a purchase, it can be as much as double the rate!

I wouldn't recommend withdrawing cash this way, except in an absolute emergency.

by fruitcake, 11 months ago

In my experience even my current account only allows £300 in one day.I tend not to use cc to withdraw cash as it is sssssssooooo expensive in charges.
If you need more I think you can phone your bank and ask for special approval of an excess amount over the counter for one day, and tell them which branch of which bank you intend to withdraw it from. They then arrange for the system to allow it to go through when you try to withdraw it.

by instinct, 11 months ago

If you have an alternative, don't do it as it's very expensive.

Do you have a bank account? An overdraft would be much cheaper.

by Feline123, 11 months ago

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