Top News

Customers banking with HSBC are advised that there are restrictions on the amount of cash they can withdraw in a single transaction. The sum you can access depends on your specific account type.

More than 15 million Brits hold accounts with HSBC. The bank outlines the regulations for cash machine usage on its website.

Debit card holders will not incur any transaction charges. However, the withdrawal amount will differ.

The bank's website states: "If you have a debit card, you can withdraw money from any HSBC cash machine with no transaction fee.

"Your daily cash withdrawal limit depends on the type of current account you hold and whether you've asked for the limit to be reduced."

The standard daily restrictions are:

• £300 for HSBC Bank Account and HSBC Basic Bank Account
• £500 for HSBC Advance
• £1,000 for HSBC Premier and HSBC Premier (retained Jade benefits)
• £1,000 for HSBC Private Banking Account customers
• £500 for Global Money accounts
• It's crucial to note that HSBC imposes charges for credit card cash withdrawals. The bank explained: "Please note: we charge a cash advance fee for credit card withdrawals. Also, unlike with purchases, we charge interest on cash withdrawals with a credit card.

"This is from the date when the transaction is applied to your account until the date payment is received."

Additionally, some non-HSBC cash machines may impose their own transaction fees. HSBC explained: "This will be shown on screen when you make the withdrawal. Also, cash withdrawal limits will apply."

You can locate your nearest cashpoint using an online cash locator tool here.

This will indicate whether it's free or if charges apply. Cashback when shopping may also be an option.

"Some shops, supermarkets and other retailers offer a cashback service when you buy things with a debit card," HSBC said. "In some shops, you don't even need to buy anything. Just ask at the till to withdraw any amount from 1p to £50. You can get the amount in coins or notes."

Aside from depositing money in-branch, you can deposit cash at HSBC cash machines. To do this, you will need your HSBC debit card.

You can also use your debit card to deposit money at the Post Office. Rules for this include:

• A limit of £3,000 cash per day at any Post Office (regardless of size or outlet)
• Coin is limited to £250, sorted by denomination in full coin bags
• Loose £1 and £2 coins below the full bag amount will be accepted
• A maximum of £20,000 cash can be deposited per calendar year (January to December)
• The clerk will give you a receipt and the cash will appear in your account immediately

You don't need to provide your PIN or ID. You can pay in cheques using an in-branch pay-in cheque machine. To do this, you will need to complete a pay-in slip along with your sort code and account number or debit card.

You can also pay in cheques easily with the HSBC Mobile Banking app, with a limit of £2,000. You can pay in one or more cheques up to this amount per day.

But this does not include international cheques.