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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 |
So far as I know, the daily limit doesn't apply to electronic transactions - nor does it apply to cheques - but bear in mind that you'd need a cheque gurantee card for the amount you wanted to write the cheque for (unless it was a personal cheque, rather than one to a business)