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ATMs provide an easy way to quickly access your money if you don’t want to go into a bank. But, if you are planning on withdrawing money for a trip or to make a large purchase, you might want to check your bank’s ATM withdrawal limit so you don’t end up with a last minute problem.
Below you will see the ATM withdrawal limits of 25 banks and credit unions. We also look at your options if you need to withdraw more than the ATM withdrawal limit.
ATM withdrawal limits at 25 of the largest banks and credit unions
Institutions that have a range of maximum daily ATM withdrawal amounts have different limits for savings, checking and
usually have a higher withdrawal limit, especially if it’s a top-notch account.
* For these financial institutions, it varies depending on your account and your relationship with the bank. You will need to sign in to mobile or online banking to see your ATM withdrawal limit.
What is a daily ATM withdrawal limit?
Daily ATM withdrawal limits are restrictions set by financial institutions for ATMs. You will usually only be able to withdraw a certain amount of money from an ATM because the bank wants to make sure they handle the money securely.
Most banks and
will allow you to withdraw between $ 300 and $ 3,000 per day at an ATM.
However, there may be additional limits depending on where you do your banking. Banks like US Bank and Wells Fargo have different ATM withdrawal limits depending on your account. You will need to verify your account to see the current limit.
If you are withdrawing money from a savings account, you may also need to monitor monthly withdrawals. Even though the The Federal Reserve eliminated its previous requirement to have a transaction limit on savings accounts, some banks may still limit you to six transactions per month.
What to do if you need to exceed the ATM withdrawal limit
If you need to borrow more than an ATM will allow, you have options.
- If you don’t need the money immediately, ask for an increase in your withdrawal limit first. Many banks allow you to increase your ATM withdrawal limit if you tell them you will need to make a large purchase. Contact your bank’s customer service department to see if you are allowed to increase your withdrawal limit.
- If the branch is open, visit it and withdraw the money inside with a bank teller: With a cashier, you will verify your identity so that you can withdraw more money from your bank account.
- If a branch isn’t open, get Cash Back at a store. While this might not be the most ideal, stores allow you to get up to $ 200 in cash if you use a debit card. This can be a great option if you need cash right away and your bank or credit union isn’t open.
- As a last resort, see if you are able to transfer instead. Ask yourself if you really need the cash. In some situations, you may be able to transfer money to another account or use a debit or credit card instead.