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Credit Card Cash Withdrawals

  • 10-01-2019 11:25am
    #1
    mooreman09
    Registered Users, Registered Users 2 Posts: 583 ✭✭✭


    Hi

    PTSB credit card owner - just wondering if anyone knows if there is a cash withdrawal limit per day on these cards.

    I've got a hefty credit balance on it and looking to withdraw if possible. Wondering if anyone has any experience with this.


Comments

  • #2
    advertsfox
    Registered Users, Registered Users 2 Posts: 2,699 ✭✭✭advertsfox


    I have an Ice PTSB Credit Card and other than the 1.5% charge for cash withdrawals, the limit should be based on two things...

    ATM Withdraw Limits (between €650-750 a day depending on machine)
    Balance Limits (you can't take out whats is not there / available to you).

    Since you will be charged for withdrawal, I would contact PTSB and ask if it's possible to transfer from card to your current account instead.


  • #3
    mooreman09
    Registered Users, Registered Users 2 Posts: 583 ✭✭✭mooreman09


    advertsfox wrote: »
    I have an Ice PTSB Credit Card and other than the 1.5% charge for cash withdrawals, the limit should be based on two things...

    ATM Withdraw Limits (between €650-750 a day depending on machine)
    Balance Limits (you can't take out whats is not there / available to you).

    Since you will be charged for withdrawal, I would contact PTSB and ask if it's possible to transfer from card to your current account instead.

    Cheers

    I'd imagine if I present in a branch they might release the balance to me too.. Will find out.


  • #4
    beechwood55
    Registered Users, Registered Users 2 Posts: 532 ✭✭✭beechwood55


    Is it wise to have a hefty credit balance on a credit card? If the card is used fraudulently will you be covered for the credit element of it?


  • #5
    Quackster
    Moderators, Regional South Moderators Posts: 5,826 Mod ✭✭✭✭Quackster


    If you've a Revolut account, you can top that up at no charge with your credit card and then do a bank transfer from Revolut to whatever account you want the money in.


  • #6
    mooreman09
    Registered Users, Registered Users 2 Posts: 583 ✭✭✭mooreman09


    beechwood55 wrote: »
    Is it wise to have a hefty credit balance on a credit card? If the card is used fraudulently will you be covered for the credit element of it?

    I have no idea actually!!! Good point.


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  • #7
    Wheety
    Registered Users, Registered Users 2 Posts: 5,512 ✭✭✭Wheety


    Can you PayPal to yourself and mark it as a payment to a friend? I send money to someone recently and used credit card. No fees, so was just thinking it'd be a way to get money from your credit card if you needed to.


    Just did a test, can't send money to yourself. There might be a way around this if you use different details but I'm not setting up a new account to test it :-)


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