Lloyds Bank warns customers to obey little-known £800 rule

Lloyds Bank warns customers to obey little-known £800 rule Lloyds Bank has responded to customers via social media, reminding them of a problem they may run into as we head deeper into the spring and summer season. Lloyds Bank warns customers to obey little-known £800 rule Lloyds has issued a warning to bank account holders over a little known payment "limit". Lloyds Bank has responded to customers via social media, reminding them of a problem they may run into as we head deeper into the spring and summer season. A customer wrote to Lloyds on Twitter, now X, saying: "My partner went to the counter to withdraw some money, only to be told if it's under £800 go to the ATM as our terms and conditions have changed. As it was £700 she wanted to withdraw we felt safer at the counter." They said "it would have taken two minutes to do the transaction." Responding to the customer, Lloyds said: "Yes this is correct. The ATM will allow you to withdraw £800 and it's branch procedure." READ MORE HMRC issues warning to 'wind down' use of scheme as it begins 'crackdown' The limit is for each account and resets at 11:59pm each day. You can see what's left of your daily limit when you make a payment in our app or with Internet Banking. Article continues below Some payments don't count towards the limit. These are transfers between your own Lloyds Bank current and savings accounts, cheques, Direct Debits, and CHAPS payments. Lloyds said: "Select the More menu from your account, then Payments and transfers. Select Choose who to pay. Select the account you would like to pay from the list, then select. View payment limit. We'll show how much you have available to transfer. "If your balance is lower than the daily limit, we'll show your available balance." When it comes to internet banking, the high street bank said: "From your account, select Payment and transfers. Select account or recipient and choose the account you would like to pay from the list. Article continues below "Then select View payment limit. We'll show how much you have available to transfer. If your balance is lower than the daily limit, we'll show your available balance." Lloyfs is rivalled by the likes of Santander, HSBC UK, NatWest, Nationwide, Barclays and more.