Halifax warning over 'exceptional' £500 limit for these three accounts

The rules vary depending on what type of account you have

Halifax has updated customers on the cash withdrawal limits that apply to its different accounts following a query raised by a customer on social media. The customer inquired: "How much can you withdraw daily from an ATM: is it still £500?"

In response, the Halifax help team clarified that the standard limit is in fact higher than this, although there are some notable exceptions to the rule. The bank said: "The daily ATM withdrawal limit for bank accounts is £800 except for our Cardcash, Easycash and Expresscash accounts which have a £500 limit.

"Savings account with a cashpoint card have a £300 daily limit." According to Halifax's website, the amount one can withdraw varies depending on account type, available balance, and whether an overdraft is in place.

These limits are put in place automatically on these accounts:

• Personal current accounts (including Cash Card accounts) – up to £300 a day, but your daily limit can be arranged from £0 to £500
• Premier – up to £1,000 a day, but the daily limit can be set from £0 to £2,000
• Business – up to £750 a day (this can't be changed)
• Cash card (youth) – up to £50 a day, with the option of a daily limit from £0 to £50.

Customers with debit cards can adjust their withdrawal limits using the Barclays app. The website's guidance notes: "You can withdraw cash from our cash machines (and others with the Visa or Plus logo) using your debit card. If you have a cash card, you’ll need to use a Barclays cash machine. Some cash machines might charge a fee or have a withdrawal limit.

"If you want to take out a large amount, you might need to make more than one transaction to get the amount you need – this includes at Post Office counters and shop checkouts. You can take out the whole amount in one go at the self-service machines or counter in our branches."

New regulations were introduced last month, requiring major banks like Halifax to maintain access to cash when they are shutting down branches. In areas where there is only one remaining bank branch that is closing, a banking hub must be established.

These hubs are shared centres managed by the Post Office, where customers from various banks can access basic services such as cash withdrawal. The Financial Conduct Authority rules apply to these 14 banks:

• AIB Group (UK) plc
• Bank of Ireland (UK) plc
• Bank of Scotland plc (including Halifax)
• Clydesdale Bank plc (Virgin Money)
• HSBC UK Bank plc
• Lloyds Bank plc
• National Westminster Bank plc (including Ulster Bank)
• Nationwide Building Society
• Northern Bank Limited (Danske)
• Santander UK plc
• The Co-operative Bank plc
• Lloyds Bank plc
• The Royal Bank of Scotland plc
• TSB Bank plc