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advice on banking issues please

  • 27-11-2010 06:16PM
    #1
    trobbin
    Registered Users, Registered Users 2 Posts: 181 ✭✭


    hi all
    i opened a bank account with nationwide uk this friday and my circumstances have just changed and i want my money, the money lodged was a bank draft ,can i just close the account monday and get my draft back ,or do i have to wait till it clears and then transfare the money

    any advice welcome

    another Q ,why do banks want a pps number when opening a knew account


Comments

  • #2
    JTMan
    Registered Users, Registered Users 2 Posts: 5,566 ✭✭✭JTMan


    You will need to wait till the money settles. That will take up to 5 working days.

    Your PPS number is used to monitor tax implications for the Revenue.


  • #3
    chris85
    Registered Users, Registered Users 2 Posts: 4,502 ✭✭✭chris85


    PPS is a legal requirement for tax monitoring.


  • #4
    GerardKeating
    Registered Users, Registered Users 2 Posts: 7,869 ✭✭✭GerardKeating


    trobbin wrote: »
    hi all
    i opened a bank account with nationwide uk this friday and my circumstances have just changed and i want my money, the money lodged was a bank draft ,can i just close the account monday and get my draft back ,or do i have to wait till it clears and then transfare the money

    any advice welcome

    another Q ,why do banks want a pps number when opening a knew account

    As others mentioned, you will have to wait for the draft to clear, also there might be notice required to make a withdraw depending of which type of account you have.


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