Highest cash machine withdrawal

Man in Black | 12:17 Sun 11th Jan 2009 | Business & Finance

5 Answers

Because my eBay sales proceeds go into my PayPal account and then takes a week to transfer I wanted to get hold of the cash sooner. So I have got a PayPal Top-up card and load it from the PayPal Account and then get cash from any Visa machine. But PayPal make a charge PER WITHDRAWAL so I now need to know which machine has got the highest limit on withdrawal in one go.

I don`t think there is any way of telling in advance what the limit will be but perhaps I`m wrong on that. The PayPal Topup Card is operated by Royal Bank of Scotland and works similar to a Debit Card except that you can load it at a Post Office or a PayPoint for a fee or from your PayPal Account free.

How does cutting the Base Rate from the Bank of England encourage spending?

Which British institutions are paying the best interest rates on savings?

Answers

1 to 5 of 5

Best Answer

No best answer has yet been selected by Man in Black. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

bednobs

hmmm i think you can take out 500 pounds a day in an abbey account, but thats not very helpful to you i guess!
I think the limit is set by the card provider, not the machine

dasherman

It says in the terms & conditions on the Paypal website,you can withdraw up to �200 per day at an ATM.

Charges seem rather high to me!

Mr Veritas

I agree with bednobs,
It's the card that determines the amount,NOT the machine.
I have two Credit Cards,one has a �500 per day limit,the other is only �200.

kjc

I have one of these cards too and if you look a T & C, it says the maximum ATM withdrawal is �200 per day. For this you will be charged �2.

Man in Black

Question Author

I don`t know what T& Cs you lot are looking at!! I thought my question was simple but you are obviously making it to be difficult!

The reference that the card makes to �200 is that "it is normally �200" meaning they consider that most machines will have a maximum payout of �200. This is not so as I have often obtained �500 from Abbey in two go`s but could not remember if I did �300 + �200 or �250 twice, or may be even �400 + �100. Anyway I have got what I needed - �280 from the Abbey machine for my first transaction. I am fairly sure that the Abbey machine will pay out a maximum of �400 in one go but will try it next time I need to use the card.

Although you may think that the card being used is what matters, I do believe that in this case it is the machine limit which will apply. Why shoulnn`t it?

1 to 5 of 5

Do you know the answer?