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Credit Union

  • 14-03-2011 7:41pm
    #1
    imanangel
    Closed Accounts Posts: 1 ✭


    Hi.
    I have recently lodged 14K into my credit union account. I am looking for a car and I don't really know when and where Ill find my new car.

    Anyway, I am currently looking at a few cars and when I find the right one Ill buy there and then, my question is:

    For me to lift 10K in the credit union, do I need to give any notice or do they have that kind of money?

    Thank you.
    Helen


Comments

  • #2
    coylemj
    Registered Users, Registered Users 2 Posts: 25,620 ✭✭✭✭coylemj


    Nobody will hand over that amount of cash in one transaction. Most places impose a daily limit for cash withdrawals, if nothing else the sign to that effect in the branch deters bank robbers as it implies that there is a limited amount of cash in the branch.

    For a car purchase you'd normally get a draft which the garage will accept. If you're buying privately you can ask the seller to go to the credit union with you and when they see the teller hand over the draft they should be happy that it's not a forgery.


  • #3
    Kennie1
    Registered Users, Registered Users 2 Posts: 302 ✭✭Kennie1


    Do as MJ said but FYI you can withdraw large amounts of cash but you would need to give your bank notice, I recently needed large cash amount and had to give the PTSB 5 working days notice. They very kindly bought me into a back office out of public view to count out the money.


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