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Restriction On Cash Withdrawls From BBVA ATMs
Posted: 20 Mar 2020 12:18
by Carl
Apparently restrictions have been put in place limiting withdrawls from BBVA atms to €50 (per day ?), not that there are many places where you could spend it at the moment.
This is quite an interesting decision as I think this type of restriction is normally put in place when there is a run on the bank or fear of a run on the bank, but probably given the situation with coronavirus it is due to problems/potential problems in refilling the atms.
Re: Restriction On Cash Withdrawls From BBVA ATMs
Posted: 20 Mar 2020 16:18
by Retire1day
People are withdrawing larger amounts. Stockpiling.
Re: Restriction On Cash Withdrawls From BBVA ATMs
Posted: 20 Mar 2020 16:50
by jimny1
Good news for burglars then
Re: Restriction On Cash Withdrawls From BBVA ATMs
Posted: 20 Mar 2020 18:14
by Adey
admin wrote: 20 Mar 2020 12:18
Apparently restrictions have been put in place limiting withdrawls from BBVA atms to €50 (per day ?), not that there are many places where you could spend it at the moment.
This is quite an interesting decision as I think this type of restriction is normally put in place when there is a run on the bank or fear of a run on the bank, but probably given the situation with coronavirus it is due to problems/potential problems in refilling the atms.
Do you have a link to this information, I can't find anything on the net.
Re: Restriction On Cash Withdrawls From BBVA ATMs
Posted: 20 Mar 2020 19:14
by Carl
Adey wrote: 20 Mar 2020 18:14
admin wrote: 20 Mar 2020 12:18
Apparently restrictions have been put in place limiting withdrawls from BBVA atms to €50 (per day ?), not that there are many places where you could spend it at the moment.
This is quite an interesting decision as I think this type of restriction is normally put in place when there is a run on the bank or fear of a run on the bank, but probably given the situation with coronavirus it is due to problems/potential problems in refilling the atms.
Do you have a link to this information, I can't find anything on the net.
There was signs up at the BBVA branch in Villamartin this morning according to a friend who went to use the ATM. Maybe it is a local issue specific to that branch ?
Just worth also adding that BBVA are temporarily suspending charging their customers fees when making withdrawls from ATMs of other banks.