bank cash withdrawal limit
- Thread starter AustralianAustrian
- Start date
Well with ANZ my limit is $3000 over the counter and $1000 through the ATM. They did say I could ring up 24 hours before hand and book a larger amount or I could try other banks which I did.
I do get charged for face to face transactions after the first 2 per month.
I can transfer up to $10k electronically, after jumping through a few hoops. I just can't take posession of it.
On the plus side last time I took out $3000 it was all in crisp last prefix 2008 $100s, catalogue value of $175 each (actual value $100 each) which was nice.
I have transfered most of my money into an offset account but it reminds me to take out a bit extra in case there is a run on the banks for whatever reason, the sheeple will take it even if it isn't worth anything.
I do get charged for face to face transactions after the first 2 per month.
I can transfer up to $10k electronically, after jumping through a few hoops. I just can't take posession of it.
On the plus side last time I took out $3000 it was all in crisp last prefix 2008 $100s, catalogue value of $175 each (actual value $100 each) which was nice.
I have transfered most of my money into an offset account but it reminds me to take out a bit extra in case there is a run on the banks for whatever reason, the sheeple will take it even if it isn't worth anything.
It's always a good idea to have a few thousand in cash for the just in case scenario. Even if it's a bad investment. People seem comfortable accepting cash.
Although if the ATM network ever failed for some reason. You can forget about using cash at the big chain stores. They need the machines going to process transactions. And that's one reason looting happens after a disaster.
Good idea to have a gun too.
Although if the ATM network ever failed for some reason. You can forget about using cash at the big chain stores. They need the machines going to process transactions. And that's one reason looting happens after a disaster.
Good idea to have a gun too.
alor said:
This happens to me all the time.... apparently anyone wearing a flanno and jeans couldn't possibly have a cent to their name.
A few years ago when I was younger, I was scouting banks for my first home loan. Had a 25% deposit in my account and was all ready to go.
I walked up to the counter of "which bank" and politely asked the statue on duty for all the info on their mortgages.
Her exact response: "Oh, and which subject is this assignment for?"
Needless to say, I didn't apply.
Dogmatix
Active Member
Jislizard said:
Recently St George changed their ATM withdrawal limit from $2K to $1K.
They didn't advertise it much, and I couldn't find anything on their website about it after a search (months ago though).
Anyway, apparently they made the change to 'prevent fraud'. Really!? Sounded a bit more like 'to prevent withdrawals' to me.
Goldmember
Member
Dogmatix said:
Mmmm...there seems to be some interesting games being played here as far as withdrawal limits of cash at banks.....seems all very suss to me....its ringing bells...sorta like a "canary in a coalmine" sorta thing....
Beware of it. In argentina in 2001 before the corralito. The banks begin down the limits to cash dispenser and cash withdrawals and if you need a lot of money you need to go tomthe bank with a notary and ask the bank manager because he dont give the money. Because the notary can make a paper and is a bank default. They need to give the money. a few months later the cash withdrawal is limited to 250 pesos for week for bank. The people open multiple accounts in diferent banks to avoid this. But after it they take all the cash and cds and give you bonds with 10 years long (the first will change in august if the government not change for others more long).
Major Italian Bank Freezes All Customer Accounts
http://www.thedailysheeple.com/major-italian-bank-freezes-all-customer-accounts_062012
http://www.thedailysheeple.com/major-italian-bank-freezes-all-customer-accounts_062012
It's different here?The announcement was posted and the bank gave customers 7 days to act before the Bank of Italy approved freeze went into effect.
The bank's customers are saying they were completely unaware of the notice being posted and are just now finding out about it when they go to the bank or the ATM for the first time.
The media certainly hasn't reported on it and news of the freeze is only now starting to make its way around the internet after a complaint was posted on the popular Italian consumer rights website Adiconsum along with a photo of a shutdown ATM.
thatguy said:
Shouldn't the cop charge the bankers with theft :/
Stacked 007
New Member
I have regularly taken out sums of $10,000 to $15,000 cash at my local Westpac. I went to withdraw $9,500 yesterday, apparently for last two or three weeks
you can only withdraw $5,000.00 at a time without special arrangements. Regardless of your balance. Capital controls are here. Bail In is also here via agreements
in New Zealand with the Big Four.
you can only withdraw $5,000.00 at a time without special arrangements. Regardless of your balance. Capital controls are here. Bail In is also here via agreements
in New Zealand with the Big Four.