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Question of the Day: What's the most interesting small town you've visited in South Africa?
Withdraw large amount
- Thread starter zizo911
- Start date
Arthur
Honorary Master
Go to branch.
MickeyD
RIP
Phone ahead to the branch and inform them of the amount you want to withdraw.
Very risky... why not EFT?
+1
Arthur
Honorary Master
Yes. It's your money. You pay them to look after it. They will give it back to you when you require. All you need do is prove you are you and make your request in writing (ie fill in a little form). EZ-PZ.
Haldex
Expert Member
They will charge you a lot to withdraw from the bank.
Increase your limit to the sum that you need.
Increase your limit to the sum that you need.
Glingfram
Senior Member
+1, but again, very risky to walk around with that kind of money, rather EFT.
I.am.Sam
Honorary Master
and way cheaper to EFT
Rather draw your ATM limit over a few days if you have the time, or phone them to increase the limit. As soon as you walk up to a bank teller, they charge you ridiculous amounts of money for everything. To draw big cash at a branch will probably cost you over 10% in fees.
EDIT: For me, it is R25 + 1.5% of the cash value, but for some reason I remember it being more when I actually went to do it. I wanted R16k and it would have cost me over R1000 to draw with Nedbank at the time.
EDIT: For me, it is R25 + 1.5% of the cash value, but for some reason I remember it being more when I actually went to do it. I wanted R16k and it would have cost me over R1000 to draw with Nedbank at the time.
Last edited:
I.am.Sam
Honorary Master
yeah they go crazy on fees in the branch
I'm not sure with absa, but standard bank once advised me it's cheaper to increase my withdraw limit and withdraw from an atm rather than from inside the bank... also I'd suggest going with somebody as sometimes you get people inside the bank telling outside people to but a mark on you and possible highjack... happened a few times...
Very true. Especially if you do this regularly. They stay outside the bank apparently doing nothing, but they watch the tellers looking for cash in hand. Then they whatsapp their guy ouside who robs you at gunpoint quietly when you get to your car. Looking over your shoulder is pointless. If the informer follows you, it will always be at an undetectable distance, and It is always a fresh face that robs you. Then they just slip R100 to the car guard to keep quiet.
Azbubu
Honorary Master
Just tell us which ATM and when so that we can watch over you to make sure nothing happens to our little zizopie.
kissingmybbgoodbye
Expert Member
Thats not such a large amount, but yeah go atm route or eft
Arthur
Honorary Master
If you must have cash and can't EFT, then ATM cash is generally cheapest. But your bank might not easily increase your ATM limit. Speak to them.
If its worth me flying in from the UK I would be happy to help. What's the split ?
At ABSA, the teller usually shouts "override" loudly to a supervisor on the other end of the section. This allows the teller to access the funds while ironically informing everyone in the bank that you'll be exiting with more cash than the regular cash withdrawal amount, discretion is not their strength.