Lloyds Bank explains withdrawals restriction as | U.Ok.Finance News
Lloyds Bank has set out the principles round taking out money in department.The group defined its insurance policies after a query from a buyer over social media. They requested if they may take out an quantity for more than £5,000 over-the-counter in a department.Lloyds mentioned initially in response: “Our colleagues in a full-service branch would be happy to help you with that withdrawal. You will need your debit card and PIN for this.”The buyer then requested if they’d need to carry any ID with them to take out the money. Lloyds responded to clarify they’d need to carry some ID.The bank mentioned: “For withdrawals over £5,000 at the counter, please bring any two forms of ID along with your debit card.”Accepted IDs embrace a signed passport, UK/EU/EEA driving licence, debit card, or credit/chip & signature playing cards from Lloyds, Halifax, or Bank of Scotland.”The customer went on to ask if they could use their MNBA card as ID to withdraw the cash. Lloyds said in response: “If you’ve gotten a present account with Lloyds Banking Group, then you can also make withdrawals from the counter. Your MBNA card is not going to rely as ID proof.”Lloyds Bank recently issued a reminder that one of its in-person services will no longer be available from next year.Responding to a customer on social media, Lloyds explained that customers will soon not be able to cash in their cheques at the Post Office.The group said: “From thirty first December, you received’t be capable to deposit cheques on the Post Office anymore. You can proceed to deposit cheques by way of the cellular banking app or in a department.”If you wish to pay in a cheque utilizing the cellular app, there are a number of issues to remember to make sure you do that appropriately.Customers ought to make sure they’ve a darkish background behind the cheque to distinction the perimeters of the slip, and that there’s enough gentle on the cheque so all its components could be picked up by your machine digicam.Lloyds Bank is one of the banks within the Lloyds Banking Group. The group’s different two banks, Halifax and Bank of Scotland, are additionally ending the service to money in your cheques on the Post Office.The banking group mentioned beforehand it had determined to finish the service as only a few clients had been selecting to deposit cheques on the Post Office.
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