Barclays £300 ‘restrict’ rule in place for account holders throughout UK | Personal Finance | Finance | EUROtoday

People who financial institution with Barclays might be stopped from accessing their cash at money machines in the event that they ignore a sure rule. Anyone who tries to withdraw greater than the £300 cap will likely be blocked.

Rules are in place to guard each banks and prospects who belief these companies to deal with their cash. Banks have an obligation to assist stop crime, so that they have measures in place to forestall accounts from allotting an excessive amount of money in a single go.

The Barclays web site states that withdrawal limits are frequent for many of its accounts. People can go into branches, the place accessible, to make bigger withdrawals with out worrying a few value cap.

The guidelines fluctuate throughout the several types of financial institution accounts that Barclays affords prospects. For most day-to-day customers, the restrict will likely be set

You can typically decrease your every day restrict in your banking app for added safety. People with out entry to the web app or who would favor assist with this could name the financial institution’s customer support line to request a decrease restrict or get assist at an area department.

For folks taking giant sums of cash from their account in a single go, employees on the department will normally ask for a type of ID, reminiscent of a driving licence or passport, and wish the client to reply some questions on what the cash is for.

A spokesperson for the banking firm stated: “It would be better to avoid leaving one of our branches with large amounts of money. If you can, make any payments through Online Banking, using our app or by making a transfer in a branch.”

As of late 2025, some banks are introducing particular, stricter, or enhanced security-focused withdrawal limits for purchasers aged 67 and over to forestall fraud. The restrictions apply throughout main high-street banks like Barclays, HSBC, Lloyds, Halifax, RBS, and Nationwide.

Barclays nonetheless has dozens of its fully-staffed branches open throughout the UK. People can discover their nearest right here. For individuals who don’t reside in an space served by a conventional financial institution, they might nonetheless be capable to entry companies in other ways.

Barclays Local is a scheme which makes use of neighborhood areas with a van that arrives and stays for a set time every week. Staff can assist face-to-face with issues like managing cash and banking with the free Barclays app.

People with a private or enterprise Barclays account can do a lot of their day-to-day banking, together with paying in and taking out money, at a Post Office. For extra data, go browsing to the Barclays web site right here.