What Is Your ATM Withdrawal Limit?
Daily ATM withdrawal limits typically range from $300 to $1,000 a day, depending on the bank and the account; some banks charge different amounts depending on which tier of service you’ve signed up for and your banking history. Two people with the same type of account at the same bank might have different withdrawal limits. Your ATM withdrawal limit may be different from your daily purchase limit. There could also be a third limit on the amount of combined ATM withdrawals and purchases per day. You’ll need to check with your bank to see what exactly your ATM limit is. Withdrawal limits reset every 24 hours, so it pays to know when your bank resets. If your bank resets its limits at midnight, you could, in theory, withdraw the max just before midnight and again just after, taking advantage of two consecutive days’ worth of withdrawal limits in a short time. If for whatever reason you need more cash than ATM limits allow, there are a few ways you can get around it:
Request an increase in your daily limit.Make a withdrawal in person at a bank branch.Get a cash advance with a credit or debit card.Get cash back with a purchase at a store.
Request an Increase
As soon as you know you need extra cash, call your bank or credit union and ask it to raise your ATM limit. Its answer may depend on your banking history, the types of accounts you have and how much money you keep in them, and whether you’re asking for a temporary or permanent change. It may be easier to get a temporary increase, which should be sufficient if you just need to make a one-time large purchase or go on vacation. A permanent increase may take a stronger argument. Besides emphasizing how you’re a good customer, you’ll need to explain why you frequently need to withdraw more than the maximum.
Withdraw in Person at a Branch of Your Bank
Your account may allow you to withdraw more than your ATM limit inside a branch, by either using your debit card or writing a check made out to “Cash.” Ask a teller to help you. Just be aware the there may be limits on how much you can take out with a check, or how many checks you can write for cash in a day.
Get a Cash Advance
Another option for withdrawing more cash is to get a cash advance. Here’s what to know about using cash advance.
Credit card cash advance
If you have a credit card that allows cash advances, you may be able to get cash from a bank branch or ATM, up to a certain limit. But be aware that there is usually a fee for this, in addition to a special cash advance interest rate.
Debit card cash advance
If you can’t visit a teller at your bank to make a withdrawal, go to a different bank. Ask about using your debit card to get a cash advance, which allows you to withdraw more cash than ATMs allow. While a credit card cash advance adds to the debt you owe, a debit card cash advance draws on money you already have in your bank account. Banks typically charge a modest fee for the service if you’re not a customer, so find out how much it costs before you go this route. Debit card cash advances at branches still have limits, but they’re generally higher than limits at your local ATM. Note that any withdrawals you already made at the ATM will probably also count against your daily in-branch limit.
Ask for Cash Back at a Store
You can also try to get cash back at grocery or convenience stores. By making even a tiny purchase, such as a pack of gum, you can get cash back; go for the maximum amount possible if you need it. Most stores limit cash back to a certain amount, such as $50 or $200, but that amount combined with the maximum you can pull from the ATM might get you what you need. Regardless of the method you use, keep an eye on your bank account balance, in case you withdraw money that you have already committed to auto-pay bills or rent payments. A store may approve a cash-back transaction that causes you to have insufficient funds and incur fees from your bank.
