Getting out money in the UK

Hub

How much does it cost, does anyone know?

From an atm machine

ntlbell

lodge it on to your credit card

if the credit card is in "credit" it's free...

Hub

It's just a debit card. Could I pay money into someone elses account just by going to the bank and getting them to sort it.

I've an account with Barclays (UK)
I want to pay money from my Barclays account to another UK account, can I use the money in my AIB acount to pay some it (from the barclays account)

Richard

ntlbell wrote: »

lodge it on to your credit card

if the credit card is in "credit" it's free...

I don't think this is always true. Ulster Bank, for example used to charge 2% on credit card withdrawals. Obviously by putting money on your card beforehand stops any further charges.

I would recommend using a credit card to buy things (but opt to pay in sterling on your card) and if you need actual cash, use a cash/debit card in a machine. Make sure your card has a maestro or link logo so that it can be used in UK ATMs (the exception to this is Northern Ireland where all ROI cards seem to work without problem).

ArseBurger

ntlbell wrote: »

lodge it on to your credit card

if the credit card is in "credit" it's free...

The problem with that is if your card is in credit and stolen, no 'in credit' amount is covered by the credit card company if it is stolen and used.

They only cover amounts in the red.

Richard

Hub wrote: »

It's just a debit card. Could I pay money into someone elses account just by going to the bank and getting them to sort it.

I've an account with Barclays (UK)
I want to pay money from my Barclays account to another UK account, can I use the money in my AIB acount to pay some it (from the barclays account)

I'm not sure I understand this. If you want to transfer money from one Barclays account to another UK one, then why does it involve the AIB account? If you're taking money out of your AIB account in the UK and then I tend to put it back later, you'll make a loss as it will go from € to £ and then back again.

If you don't intend to put it back then just take some money out from an ATM.

Hub

I wan to pay something form my UK account but don't have enough in it. I'm going to use my Irish account to top it up

Just wondering what would be the cheapest way to do it?

Just take it out of the atm machine? Would this cost a lot? My card has a link logo

Thanks for the replies

ntlbell

Richard wrote: »

I don't think this is always true. Ulster Bank, for example used to charge 2% on credit card withdrawals. Obviously by putting money on your card beforehand stops any further charges.

not when the card is in "credit"

so say you have a 10k limit there's nothing oued

you lodge 10k into the card

there's now 20k affectivley on the card..

you can now withdraw 10k with no charge

it's only when you go into "their" money the charge is occured

but obviously check with your own bank first...

ntlbell

ArseBurger wrote: »

The problem with that is if your card is in credit and stolen, no 'in credit' amount is covered by the credit card company if it is stolen and used.

They only cover amounts in the red.

i would assume if you have decent travel insurance you could get it covered easily enough..

Timistry

Some banks like barclays and halifax have free cash withdrawls. Some others charge something like 1.25. If ya use an atm card from x bank in y bank, sometimes that can cost ya aswell. Other link matm machines are a ripoff at 2.25 ish

Richard

ntlbell wrote: »

not when the card is in "credit"

That was not the case when I was an Ulster Bank Ireland customer about 6 years ago.

but obviously check with your own bank first...

Very true!

Timistry

Timistry wrote: »

Some banks like barclays and halifax have free cash withdrawls. Some others charge something like 1.25. If ya use an atm card from x bank in y bank, sometimes that can cost ya aswell. Other link matm machines are a ripoff at 2.25 ish

+1
A typical charge for using an ATM in a shop is £1.50, never come across one that charged £2.25 (if I did, I'd walk!) was that in a pub or club by any chance?

Canis Lupus

Not totally up to speed on bank transfers however:

Most bank atms in the UK will not charge you to withdraw.

ATMs in corner shops etc that are standalone usually charge £1.50

If you're in the UK and use your irish card to withdraw money I think you may be charged a fee but not much. Couple of quid at most. You can then deposit that into your UK account by heading into the bank.

However, don't all accounts everywhere have 'iban' (International bank account number) numbers? Using that my understanding was you could transfer money into a foreign account although not sure if that helps if you are in the UK.

jester77

Hub wrote: »

I wan to pay something form my UK account but don't have enough in it. I'm going to use my Irish account to top it up

Just wondering what would be the cheapest way to do it?

Just take it out of the atm machine? Would this cost a lot? My card has a link logo

Thanks for the replies

Transfer the money from AIB to Barclays using IBAN & BIC, costs nothing but you are limited to 12k. Then either withdraw with your UK card or tranfer from your Barclays a/c to the other persons a/c, also costs nothing (if you don't have free banking there may be a transaction fee)

sillymoo

jester77 wrote: »

Transfer the money from AIB to Barclays using IBAN & BIC, costs nothing but you are limited to 12k. Then either withdraw with your UK card or tranfer from your Barclays a/c to the other persons a/c, also costs nothing (if you don't have free banking there may be a transaction fee)

Id love to have 12k to withdraw from the ATM. In 20's.