Withdrawing cash and cash transactions
Taking a detailed look at using credit cards to withdraw cash.
If you need to, you can use most credit cards to withdraw money from a cashpoint. We call this a cash transaction. It’s usually one of the more expensive ways to borrow money on your credit card, so we recommend doing this only in emergencies.
- The amount you can withdraw depends on your credit limit and current balance, as well as a daily cash limit for ATM use (disclosed in terms and conditions).
- You may be charged interest from the date your credit card provider adds the transaction to your account.
- Most credit card providers charge a cash transaction fee.
A closer look at cash transactions

You’ll be charged interest from the date a cash transaction is added to your account
With a card purchase, you won’t pay interest for a period if you pay your statement in full each month. Whereas, you’ll pay interest on a cash transaction as soon as your credit card provider adds the transaction to your account.

You’ll pay interest at your cash transaction rate
Before you make any cash withdrawal, check your statement or your card’s terms and conditions to make sure you’re happy with what your interest rate will be.

You will likely be charged a transaction fee
Every time you make a cash transaction, you will likely pay a fee. This fee can have a fixed minimum amount and may be up to 5% of the money you withdraw, depending on your credit card and provider.

Cash borrowing limits are usually lower
As cash transactions can incur more interest and fees than other transactions, credit card providers usually protect you by limiting the amount of cash you can withdraw. At Lloyds Bank, the daily ATM limit is set at £500, but this may vary between credit card providers.
Frequently Asked Questions
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No. Once you’ve withdrawn cash using your credit card, that cash is no longer protected by Section 75 of the Consumer Credit Act 1974.
If protection is important to you, then consider making the purchase using your credit card instead.

Where next?
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.