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Ever wonder why maximum ATM withdrawal limits exist?

The reason is that it is not uncommon for crooks to target ATM users who have just taken out cash. Therefore, ATM maximum cash withdrawal limits reduce potential losses by theft.

The monthly and daily ATM withdrawal limits per individual can vary greatly by the bank and by the account.

Two people with the same bank and same checking account can have different ATM withdrawal limits. Typically, the amount is about $1,000 or less per business day.

Daily ATM Withdrawal Limits For Top Banks

BankDaily ATM Withdrawal Limit
Chase$3,000*
Bank of America$1,000
Citibank$1,000*
Wells Fargo$500
U.S. Bank$500
Capital One$1,000
PNC Bank$500-$2,000*
TD Bank$750-$1,000*
BB&T$500-$1,500*
SunTrust$500-$2,500*
Ally Bank$1,000
Regions Bank$800
M&T Bank$500
BBVA Compass$600-$1000*
Santander$1000
BMO Harris Bank$500*
HSBC Bank$500-$1000*
Huntington Bank$400
*Depending on account

Normally, you can visit the bank teller to withdraw a large sum of money. But, what do you do when the bank is closed for the night? Or, what if you use an online bank and your only way to withdraw cash is through ATMs?

Quick answer: Call the bank for a higher ATM withdrawal limits or use your debit card to retreive cash back through certain merchants.

Learn how you can bypass daily ATM withdrawal limits if you need more cash:

Increase Your ATM Cash Limit By Calling Your Bank

The bank can temporarily or permanently increase your daily ATM withdrawal limit if you request it.

However, don’t expect significant increases in your withdrawal limit — the increase may only be several hundred dollars.

Your daily limits on ATM cash withdrawals may also be increased with a higher-tier bank account. For instance, if you have a premium checking account with your bank, the card limits are likely to be higher.

Get Cash Back on Purchases

After exhausting the withdrawal maximum at the ATM, you can also use your debit card to get more cash.

Certain merchants, usually supermarkets and convenience stores, allow shoppers to get cash back when they pay with a debit card.

The cashier will charge the requested cash back amount in addition to the items purchases, and hand you the cash. For instance, if you buy $15 worth of groceries and ask for $20 in cash back, the cashier will charge $35 to your debit card and give you $20 in cash.

Each store may have a limit on how much cash back you can get. However, you can just go to another store and get more cash back.

Note that the cash back will fall under the debit card’s daily purchase limit, which is usually much higher than the daily ATM withdrawal limit.

Debit Card Purchases Have Daily Limits, Too

Debit cards can be used to withdraw cash at an ATM and they can be used to make purchases. Again, fraudsters can use stolen debit cards to empty a bank account or perform a large number of unauthorized purchases.

However, the daily limits for these two types of transactions are different. The daily limits for debit card purchases tend to be significantly higher.

Like with ATM cash withdrawal limits, daily debit card purchase limits can also be increased temporarily or permanently by contacting your bank.

Frustrated with your bank? Check out these new top banks that people are talking about:

Simon Zhen

Simon Zhen is a research analyst for MyBankTracker. He is an expert on consumer banking products, bank innovations, and financial technology.

Simon has contributed and/or been quoted in major publications and outlets including Consumer Reports, American Banker, Yahoo Finance, U.S. News – World Report, The Huffington Post, Business Insider, Lifehacker, and AOL.com.

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