Cash withdrawals

[iwantmyownicecreamvan]

I thought we were allowed to withdraw £500 cash per day from any bank account we have, but today I couldn't do that - just one lot of £500 and then it refused my other card - even when I tried a different cashpoint. Has it always been like this?

Are they accounts within the same banking groups? Could that be why?

depends on your daily limits.
if you are trying to withdraw more than the daily limit from the same account, then obviously you cannot.
not sure if that is your query, as it sounds so obvious ?
hence the term daily limit.

£500 sounds like a lot. We recently wanted to withdraw a bit of cash from our accounts and it turned out we couldn't have more than £250 per day and that was the rule with several different banks.

Its possible that they tightened up access to cash because it costs a lot to service cash machines so they don't want people emptying them by taking lots out in one go.

Also with the ease of bank transfers, people shouldn't need access to large amounts of cash and you'd possibly question why people do, eg are they trying to avoid VAT when paying for a service.

Thanks for your replies

@alexdgr8
I think you have the answer. I presumed my limit was £500 for all accounts - but on googling, it looks like although this is true for Barclays and Lloyds, for NatWest and HSBC for certain accounts it is only £300. I withdrew £500 from my Barclays account and then tried to withdraw the same from NatWest - which probably explains why the message came up that I had already withdrawn my limit, even though I hadn't withdrawn anything from that account.

@HelpIneedsomebodywontyouplease
I think Lloyds, NatWest, Barclays and HSBC are different banking groups - hope so anyway.

I'm surprised that NatWest know or care what you've withdrawn from Barclays. Or are the accounts linked by open banking and it's due to that?

Our accounts were with Santander, Starling and NatWest and we managed to get £250 from each one. I'm sure the limit was stated as £300 but the machine would only let us have £250.

there is an account where i can withdraw £300 a day at the post office, but the majority of ATMs have a limit of £250.
so with there being so few post offices now, and restricted hours, in effect the daily limit is £250; that is if one can even find an ATM...
most banks took them with them when they left town.

have also discovered that cannot withdraw cash with metro bank card at post office.