Nationwide building society has clarified the daily limits for cash and cheque deposits at its cash machines. Customers can deposit up to £2,500 in cash per day, while cheque deposits are capped at £50,000 per day with a maximum of £2,000 per cheque. Withdrawals are limited to £500 per day.
These limits apply only to Nationwide's own machines; rules may differ for other banks. The building society advises customers to visit one of its 605 branches for higher amounts or assistance. Nationwide has committed to keeping all branches open until at least 2030 under its 'Branch Promise', amid a wave of UK bank closures.
According to Which?, over 6,600 bank and building society branches have closed since January 2015, averaging 53 closures per month. Barclays has been the hardest hit, shutting 1,236 branches. Other banks including Lloyds, Halifax, NatWest, and Ulster Bank have also contributed to the trend.
For those affected by closures, the Post Office offers essential banking services at its 11,684 branches. Certain Nationwide account holders can check balances, withdraw up to £500, and deposit cash or cheques at Post Office counters. However, more complex services like account opening are not available.
