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Originally Posted by Dave Stones
ok, the situation is as follows. my bank account has a £250 a day withdrawl limit on it, according to the letter i got with my card. however, i wish to purchase something that has a higher than £250 value.
does the £250 limit apply only to cash machine transactions, as i am assuming, or does it apply to all types of transaction as well?
eg can cheques larger than £250 be drawn against the account, or can card transactions take place that take out more than £250? (plenty of cleared funds by the way, thats not an issue)
its a HSBC student account, switch/maestro if you are interested 
cheerz |
The £250 limit is for cash machine withdrawals, you can use the switch facility for amounts above this, or withdraw the cash from over the bank counter, you can only use a cheque if your card is a cheque guarantee card, or the recipient is happy to take it without the guarantee.