Bank of America ATM Withdrawal and Deposit Limits: What You Need to Know
Written by
Karen Doyle
Edited by
Nupur Gambhir, CFHC™
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
Bank of America’s standard ATM withdrawal limit is $1,000 per day for most checking and savings accounts. If you need more, you can withdraw up to $5,000 daily by visiting a branch in person. There’s no set limit on ATM deposits, though individual ATMs may have capacity restrictions on the number of bills or checks accepted per transaction.
Knowing your limits — and how to change them — can save you a lot of frustration when you need cash in a hurry. Here’s everything you need to know.
What Are Bank of America’s ATM Limits?
Bank of America sets different limits depending on whether you’re withdrawing or depositing, and whether you’re at an ATM or using your debit card for purchases. Here’s a quick overview:
| Transaction Type | Standard Limit |
|---|---|
| Daily ATM withdrawal | $1,000 (or 60 bills) |
| Daily debit card purchase | $5,000 |
| ATM deposit | No set limit |
These limits exist for security reasons — if someone gains unauthorized access to your card, they can’t drain your entire account at once. They also help Bank of America manage ATM cash flow.
Your specific limit may vary based on your account type, how long you’ve been a customer, your account standing, and whether you have overdraft protection.
Can You Withdraw $5,000 From a Bank of America ATM?
Not directly. The standard ATM withdrawal limit is $1,000 per day. However, if you need up to $5,000, you can visit a Bank of America branch and make a withdrawal in person using your debit card — provided your account permits that level of activity.
What Affects Your ATM Limits?
Your limit isn’t necessarily fixed. Several factors can raise or lower the amount you’re allowed to withdraw or deposit on a given day.
- Account type: Checking and savings accounts typically have a $1,000 daily ATM limit. Business accounts generally have higher limits.
- Account age: New accounts may start with lower withdrawal limits as a security measure. Once established, you can request an increase.
- ATM location: Out-of-network or international ATMs may have lower limits and additional fees.
- Account history: A history of overdrafts or returned items can affect your limits.
How to Increase Your Bank of America ATM Withdrawal Limit
If your current limit isn’t working for you, there are three ways to request a change. The fastest option for most people is through the mobile app or online banking.
By phone: Call Bank of America customer service at 800-432-1000.
In person: Visit any Bank of America branch and speak with a representative.
Online banking:
- Sign in to Online Banking
- Select your account
- Go to the “Information & Services” tab
- Choose “Manage Card Settings”
- Select “Set daily purchase and ATM withdrawal limits”
Mobile app:
- Sign in and select “Menu”
- Choose “Manage Debit/Credit Card”
- Ensure your debit card is unlocked
- Set your new limit
Bank of America ATM Fees
Exceeding your limit won’t cost you anything — your transaction will simply be declined. Where fees do apply is when you step outside the Bank of America network. Here’s what to expect:
| Situation | Fee |
|---|---|
| Exceeding daily withdrawal limit | No fee — transaction is declined |
| Using an out-of-network ATM | $2.50 + any operator fees |
| Large deposits | No fee, but holds may apply |
When Will Your Deposited Funds Be Available?
How quickly you can access deposited funds depends on the type of deposit and when it was made. Cash is always available immediately, but checks are subject to processing times and potential holds.
| Deposit Type | Availability |
|---|---|
| Cash deposit at ATM | Immediately |
| Check deposit (before cutoff) | Next business day |
| Check deposit (after cutoff or weekend) | Following business day |
| Check deposit with hold | 2-7 business days |
Cutoff times for check deposits:
- Eastern and Central time: 9 p.m.
- Mountain and Pacific time: 8 p.m.
If a hold is placed on your deposit, your ATM receipt and on-screen notification will tell you when the funds will be available.
What to Do If You’ve Reached Your ATM Limit
Hitting your daily limit doesn’t mean you’re out of options. Here are several ways to access cash when your ATM won’t dispense any more:
- Visit a branch: Withdraw up to $5,000 in person using your debit card.
- Get cash back at checkout: Many grocery stores, pharmacies, and retailers offer cash back when you pay by debit card. The amount available depends on the store.
- Withdraw from a linked savings account: Your savings account has a separate withdrawal limit from your checking account — just keep in mind you’re limited to six withdrawals or transfers per statement period.
- Cash a check at a branch: If you have a check made out to you, bring it to a branch to cash it in person.
- Request a cashier’s check or wire transfer: For larger amounts, these are reliable alternatives to ATM withdrawals.
How to Avoid Fees and Disruptions
A little planning goes a long way when it comes to avoiding unnecessary charges and transaction declines. Keep these habits in mind:
- Use Bank of America ATMs whenever possible to avoid the $2.50 out-of-network fee plus any third-party charges.
- Request a limit increase proactively if you know you’ll regularly need more than $1,000 in daily ATM withdrawals.
- Plan large transactions in advance by visiting a branch rather than relying on an ATM for amounts above your limit.
Is the Bank of America ATM Limit Right for You?
For most everyday banking needs, a $1,000 daily ATM limit is more than sufficient. But if your lifestyle or business requires frequent large cash transactions, it’s worth calling Bank of America to request a higher limit or exploring whether a business account better fits your needs. Either way, knowing your limits — and your options — means you’ll never be caught off guard at the machine.
More About Bank of America
- Bank of America Review
- Bank of America Interest Rates
- How To Open a Bank of America Checking Account
- Bank of America Promotions
- Bank of America Fees
Caitlyn Moorhead contributed to the reporting for this article.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
