Notice before large cash withdrawal

[jonathan_phang]

As per the title really.

Looking to buy a second hand car, been there, tested it, thought it over many times, and want to just turn up at with cash of money instead of negotiating over the phone (As many people have told me its difficult to turn down an offer when the cash is there in front of you)...

Now, I shouldnt have trouble transferring the 6.5k from my ISA to my current account, but can I then just turn up to a branch and withdraw the money - or will they need to have x days notice before that happens?

I work near Stevenage, so was thinking that I could pop into town, so at least it was a large branch. Anyone with any idea?

FYI - bank would be barclays.

Thanks

JP

[midzt]

Pretty sure you'll have to let them know in advanced, not sure how long tho, but it what I had to do when I bought my car with cash. I'm on a student account tho, so that might be different.
Sorry, not really much help.....

[[DW]Cougho]

Barclays like 24 hours notice with this kind of figure.

I withdrew 5800 a few weeks ago by phoning up around lunchtime on the same day i picked it up at 4pm, however the nice lady on end of the phone told me off and said it should really be 24 hours.

[oolon]

So long as it is an instant access one you should not have any problems. The transfer limit FROM bank accounts generally is 10k a day, which is why it is worth having more one account (also in different banks).

When you turn up with cash, if the Asking price is 6,500, put 500 quid in one pocket and another 500 in another one. Then try your luck with less than < 5500 counting it out with your big wad first, if you pull all your money out to start with they will be greedy and want to take the lot... so let them [knowing you have some extra stashed]! (Adjust the amounts to suit).

Plus 20's make alot bigger wedge than 50's, so keep your spare in 50's so they don't show and the main stash in 20's. Also when you count the money out, count "too much", like the 5,500 pull then take back 200 quid, but hold it on display. Makes them more likely to bite, asking for the "extra".

Do not talk after you make your offer, let them talk, if you want to do something count out money. Don't like there counter, keep counting, so they talk twice before you have to adjust price.

[AledJ]

As per the title really.

Looking to buy a second hand car, been there, tested it, thought it over many times, and want to just turn up at with cash of money instead of negotiating over the phone (As many people have told me its difficult to turn down an offer when the cash is there in front of you)...

Now, I shouldnt have trouble transferring the 6.5k from my ISA to my current account, but can I then just turn up to a branch and withdraw the money - or will they need to have x days notice before that happens?

I work near Stevenage, so was thinking that I could pop into town, so at least it was a large branch. Anyone with any idea?

FYI - bank would be barclays.

Thanks

JP

I bought a 2nd hand car in May and had to get £3k in cash. Went to the bank and was told it would have to be ordered in for me. Took two days in my case. It might depend on which bank you use as to the time they can get that kind of money for you.

edit: In my case it was over a weekend hence the two day wait.

[jonathan_phang]

Thanks for the info all, found out that you can actually move money out of your ISA online now (Well, I try not to touch it...) so will do that then phone up the branch... Bet that is going to be a pain... to ask to collect it maybe on Friday or something. You'd have thought that they would keep enough cash there though - though better make it a main branch just incase... There goes my interest

[Funkstar]

You'd have thought that they would keep enough cash there though - though better make it a main branch just incase... There goes my interest

The bank will have a good few thousand there in cash (and the cash they take in over the counter will sometimes be seperate from the cash they hand out over the counter) but they can't give it all to you leaving them short for their other customers.

RBS told me a few years ago that they like to get notice if it is over £600, even if it was the same day just to make sure they were OK with that on that particular day. This was a while ago though.