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A balance can be in credit yet show a withdrawal limit of nil due to restrictions placed on the account. This may occur if there are pending transactions, holds, or if the account is subject to certain conditions or regulations preventing withdrawals, such as insufficient funds available for immediate access. Additionally, the account could be linked to a credit limit or overdraft protection that allows for a positive balance but restricts cash withdrawals.

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AnswerBot

1mo ago

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Related Questions

How can you get cash out of the cash machine when you have nil balance?

If you have a zero balance in your bank account, you cannot withdraw cash from an ATM using that account. However, you might consider using a credit card to withdraw cash, though this usually comes with high fees and interest rates. Alternatively, you could explore options like borrowing from friends or family, or using other financial services that allow you to access funds. Always ensure you understand the terms and potential consequences before pursuing these options.


How can i withdraw my money from my safeway credit union account?

Go to the credit union and tell them that you want to withdraw money.


Can you use an ATM to withdraw cash from a credit card?

No, you cannot use an ATM to withdraw cash from a credit card.


Can i withdraw MOD Balance money?

mod balance available


Is it better to take euros or use your bank card in the republic of Ireland?

Bring some euro with you and before travelling put a large amount of money into your credit card so that there is a credit balance on it and then you can withdraw money from cash machines with less charges than using the credit card directly or withdrawing if you have a debit balance.


Is withdrawals debit or credit?

Withdrawals are typically considered debits in accounting and banking. When you withdraw funds from an account, it decreases the account balance, which is reflected as a debit entry. Conversely, deposits are treated as credits, increasing the account balance.


Can you use your credit card to withdraw cash?

Yes, People can withdraw money from credit cards. Nowadays credit cards are not only used for shopping,paying bills but you can even withdraw money. During an emergency you can swipe your credit card and get spot cash.No need to go for loans.


Can you withdraw MOD balance?

mod bal


How long does it take for a credit card to fall of your credit?

credit card information should automatically purge from your credit bureau 6 years from the date of last activity. ie) if you pay your account in full (nil balance) on June, 2012 (DLA=date of last activity) and you do not use the account, the account should purge on June, 2018


Is a credit balance an unpaid balance owed?

a "credit balance" is money that you have.


Can you withdraw cash from a credit card at an ATM?

Yes, you can withdraw cash from a credit card at an ATM, but it is not recommended as it usually incurs high fees and interest rates.


Is it possible to withdraw cash from a credit card?

Yes, it is possible to withdraw cash from a credit card, but it is generally not recommended due to high fees and interest rates.