ATM is also known as Automated Teller Machine is one of the fastest ways to get money from anywhere, anytime. It is an electronic payment device that allows you to withdraw money, fund transfers, and also check account balances. ATM is another alternative to access your money if you don’t use the bank by using a credit card. But if you’re planning to withdraw a huge sum of money, you need to consider using the bank, because you might have a limit on ATM withdrawal which prohibits you from withdrawing a large sum of money.
Limit on ATM Withdrawal serves as an amount of money that you can withdraw from your account. there are limits on the amount in which you can withdraw a day or month. However, we will provide you with information on ATM withdrawal limits from 20 banks and credit unions. At the same time, we will show you guidelines which you can use to increase your ATM withdrawal limit to over $1,000.
ATM Withdrawal Limits from 20 Largest Banks and Credit Unions
A lot of financial institutions have their own maximum daily ATM withdrawal limit range. Plus, this includes accounts like savings, checking, and money market accounts. Here is the following limit on ATM withdrawal from the largest banks including Chase, Wells Fargo, and more.
| Banks & Credit Union | Maximum daily ATM withdrawal |
| Alliant Credit Union | $1,000 |
| Ally | $1,000 |
| American Express National Bank | $2,500 |
| America First Credit Union | $1,005 to $1,500 |
| Bank of America | $1,000 |
| Bethpage Federal Credit Union | $200 to $1,000 |
| Capital One | $500 to $1,000 |
| Chase | $500 to $2,000 |
| Citibank | $1,500 to $2,000 |
| Citizens Bank | $500 |
| Consumers Credit Union | $1,000 |
| Discover Bank | $510 |
| First Citizens Bank | $500 |
| Huntington Bank | $400 |
| KeyBank | $300 to $1,000 |
| Navy Federal Credit Union | $600 |
| Pentagon Federal Credit Union | $1,000 |
| PNC Bank | $500 |
| Regions Bank | $808 |
| Wells Fargo | Varies |
What is a daily ATM withdrawal limit?
Daily ATM withdrawal is a limitation set by the financial institution to stop you from withdrawing more than your limit. This is one of the factors used by financial institutions to secure your money safely by limiting you to a certain account of money in which you can withdraw from the ATM. For most banks and credit unions, you can withdraw between $300 to $3,000 daily from an ATM.
Keep in mind, that you might also face some additional limits, but this varies on where your banks. For instance, US Bank and Wells Fargo have different ATM withdrawal limits that are based on your account. You can check your account to find out what is your current daily ATM withdrawal limits.
How to Increase ATM Withdrawal Limits
The ATM withdrawal limits set you on an account don’t mean you can be able to set your withdrawal limit. All you need to do is a request higher withdrawal limit from your bank. However, factors that determine if you can increase your ATM withdrawal limits include:
- Period you have been a customer.
- Type of account you have.
- Transaction history and account history.
- Description of your request either temporary or permanent insurance.
Most time, if you’re planning a vacation, or your transaction history shows that you made a large purchase. This can increase the chance of the bank being willing to increase your ATM withdrawal limit for just a period.