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Banks set limits for how much cash you can take out at an ATM, which can range from small amounts such as $500 per transaction to $5,000 per day.
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Cash withdrawal limits are designed to protect you in the event that someone steals your debit card or your PIN.
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Some banks will consider increasing your ATM withdrawal limit based on your needs, so call and talk to the customer support team if you know you will need a large amount of cash. =
Banks set daily limits on how much cash you can withdraw from an ATM — often between $500 and $5,000 daily — so it’s important to know your bank’s limits if you’re planning to take out a significant sum.
Similarly, debit card purchase amounts typically have daily caps, although these are likely to be higher than those of ATMs. These daily limits are set up to help protect a bank’s customers in the event an ATM card becomes lost or stolen.
Here we’ll cover what various big banks’ daily limits are for ATM withdrawals or debit card purchases — as well as reasons for these limits and possible ways to work around them.
|
Bank |
Daily ATM withdrawal limit |
Daily debit card purchase limit |
|
$1,010 |
$5,000 |
|
|
$1,000 |
$5,000 |
|
|
$5,000 limit for ATM withdrawals and PIN-based purchases combined |
$5,000 limit for ATM withdrawals and PIN-based purchases combined |
|
|
$1,500 for non-relationship accounts |
$5,000 for non-relationship accounts |
|
|
$808 |
$5,000 |
|
|
$1,250 |
$2,000 |
At some banks, such as U.S. Bank, the daily limit for ATM withdrawals depends on the type of account and account status. Likewise, Chase Bank sets daily limits for purchases and ATM withdrawals based on the type of card and account type.
If you’re unsure of your daily ATM withdrawal limit, you typically can find it by logging into your account.
Learn more: Bankrate’s best checking accounts
A bank may set the same default daily limits at ATM machines for all of its customers, but the amount can vary from bank to bank.
The limit can also vary at a given bank based on the account. For instance, a bank’s second-chance checking account may have a lower limit than its standard account.
A bank may increase a customer’s ATM withdrawal limit upon request. You can ask your bank if this is possible by calling the phone number on the back of your ATM card, visiting a branch or sending a message when logged on to your bank’s app or website.
Some individual ATMs might have their own limits on cash withdrawals that could override those set by your bank. For instance, even if your debit card has a $1,000 daily ATM withdrawal cap, you might encounter an ATM that only allows $300 worth of withdrawals, says Rose Oswald Poels, president and CEO for the Wisconsin Bankers Association.
