How much can you withdraw from an ATM? Well, when you only need a $50, ATMs are fine. But what about the bigger purchases? If you need to withdraw a larger amount of cash to make a major purchase or pay an important bill, the fees and limits associated with ATMs mean they may not be your best option. There are other methods out there for you to get to your money.
In this post, you’ll find out…
How much can you withdraw from an ATM? / How much money can you take out of an ATM per transaction? How much can you take out of an ATM per day?
How much can I withdrawal from a bank/credit union regardless of whether I use an ATM?
What other ways can I get a lot of cash besides at an ATM?
Is there a debit card daily limit different than the maximum ATM withdrawal limit?
How Much Can an ATM Dispense?
ATMs themselves can only hold a limited number of bills, usually between 100 and 1,000.
ATM owners prefer to stock larger denominations, because overall that means more cash. If the ATM can only hold 500 notes, it can dispense $10,000 if they were all $20 notes but only $5,000 if they were all $10 bills. Bigger notes means more money, which means more customers can be served. That’s why not many ATMs dispense small bills like $1 bills and $5 bills.
Maximum ATM withdrawal limits are also restricted physically by the dispensing slot. This can usually hold between 10 and 25 notes safely. 25 $20 bills would get you $500, while 25 $5 would only see you at $125.
So, How Much Can You Withdraw from an ATM?
How much money can you take out of an ATM? Thousands, usually.
The maximum ATM withdrawal is a decision affected equally by your bank and the ATM you’re using. Banks usually impose a restriction per withdrawal (and/or per day). The maximum withdrawal limit changes from bank to bank and even customer to customer. Here are the maximum ATM withdrawal limits of the most popular banks in America:
Bank of America
- $4,000 because BoA lets you withdraw a maximum of 40 bills
- Up your withdrawal limit at ATMs, you can change limits via your online account portal, visiting a branch or by calling 1 (800) 432-1000
- Chase sets a personal limit when you open your account
- If you’ve lost the letter that came with your debit card, call them at 1 (800) 935-9935 to check how much money you can take out of an ATM
- $500, rising to $1,000 for premier customers
- There’s also a minimum withdrawal of $20.
- Call 1 (800) 975-4722, visit a branch or use your online portal to increase this amount
- $1,000 per day
- Ally Bank’s generous daily limit is detailed here, along with other FAQs regarding withdrawing money
- You can call 1 (877) 247-2559 or do live chat at ally.com.
- Your debit card will be assigned a daily withdrawal limit when you receive it in the mail
- Verify or modify this by calling 1 (800) 869-3557 to confirm/readjust how much money you can take out of an ATM or talk to a teller at a branch location. This and more Wells Fargo ATM withdrawal questions answered here.
- Citi sets limits when you open your account
- To adjust, call 1 (800) 374-9700
- $500 is the maximum ATM withdrawal for a Classic Check Card. This limit rises for Gold Check and World Check cards. Read more here.
- Call SunTrust at 1 (800) 786-8787 to adjust your ATM cash withdrawal limit
- $750 for ATM cards and regular Visa debit cards, $1,000 for private client cards
- Read more about maximum ATM withdrawal limits here (go to p.46)
- Speak with customer service at 1 (888) 751-9000 to up your max ATM withdrawal
- $200 per day is the ATM cash max withdrawal limit
- Call 1 (800) 922-9999 or click here to find out more about limits
- CapitalOne assigns a specific ATM cash withdrawal limit when you sign up.
- If you’ve lost the letter that came with your debit card, call them at 1 (888) 810-4013 to check/adjust your ATM cash withdrawal limit.
- Charles Schwab also sets your limit when you open your account
- Call 1 (866) 855-9102 to check how much you can withdrawal from an ATM
- $510 per day (peculiar)
- Some ATMs have lower limits, but as the FAQs explain, you can complete multiple Discover Bank transactions per day until you meet that limit.
- Call them on 1 (800) 347-7000 for additional questions
How to Increase the Maximum ATM Withdrawal Limit
Banks will temporarily increase your ATM withdrawal limit. As stated above, all you need to do is call. The extension of the limit depends on individual circumstances. But it’s likely you’ll get a healthy debit card daily limit increase. The increase is applied instantly. You can be at an ATM, call for a limit increase and get it nearly instantly. As you can see, the daily ATM withdrawal limit can be raised quite easily.
Unable to Increase the Max ATM Withdrawal Limit as High as You’d Like? No Worries…
ATM limits are reset daily. Which means if you have some extra days until you need the money, you can just make multiple trips to the ATM, withdrawing the maximum each day. Then you never really have to wonder, “How much can I withdraw from from an ATM?”
Here are plenty of ways of getting around maximum withdrawal limits. Once you know these, you’ll likely never again need to wonder how much money you can take out of an ATM or your bank account.
Go to Your Bank
You can withdraw as much as you like from inside your bank — empty your whole account if you please. (However, it is important to note that if you’ll be withdrawing a large sum of cash — above $10,000 in most cases — you’ll generally need to submit 24 hours advance notice to your bank to ensure that the branch has enough funds on hand. Contact your financial institution for bank-specific policies on large withdrawals.) Obviously, this method does restrict you to bank hours. But if you want to bypass the ATM cash withdrawal limit, this is an easy way of doing so.
Get a Cash Advance
Use your debit card to get a cash advance from a teller at any bank. It’s a bit like the above method of withdrawing in person, except you can go to any bank. However it’s worth noting that banks charge for this service. Bank of America charges 4% of the transaction or $10, whichever is greater. Chase charge 5% or $10, whichever is greater. There are limits on cash advances but they’re usually higher than ATM withdrawal limits – and you can use the two together.
Pay to the Order of: Cash
Still have a checkbook? One method of getting cash is to write a check from yourself, to yourself. In the ‘To’ field it should read ‘Pay to the Order of: Cash’, and this means it can be easily turned into cash. Hand it to any place that will cash a check and they’ll hand you cash.
Get Cash Back
Getting cash back from stores is an easy way to bypass maximum ATM withdrawal limits. Simply purchase something and ask for cash back. Your debit card will charged the total of your purchase, plus the cash you receive. Often there’s no minimum you need to spend to ask for cash back.
Some stores may have an upper limit to how much cash back you can receive and how many times you can do it in one day. Remind you of ATM max withdrawal limits? Don’t worry – if you’ve maxed out at one store, simply go to another store. Repeat the process until you have what you need.
Is There a Quick Answer for “How Much Can You Withdraw from an ATM?”
No. Maximum ATM withdrawal limits change from ATM to ATM. Bank withdrawal limits vary from bank to bank and even customer to customer. The fastest way to get a lot of cash is to call your bank and have them raise your daily withdrawal limit and then go to an ATM.
Need more money? Read these posts about overdrafting: How to Overdraft at an ATM and How Much Can I Overdraft My Checking Account? The Answer…