Using an ATM is the second most popular way for Americans to bank, with 75 percent of customers using this method, according to the Federal Reserve Board’s 2016 Consumers and Mobile Financial Services report. So, knowing the answer to the question “How much can you take out of an ATM?” is important. Even if you don’t regularly need large sums of cash, it’s good to know your maximum ATM withdrawal limit — and how to get more cash if you’ve already reached your limit.
How Much Can You Withdraw From an ATM?
Although most banks set a daily limit on how much cash you can withdraw from an ATM, the maximum can vary depending on the type of bank account you have. The Wells Fargo ATM withdrawal limit and Chase ATM withdrawal limit differ greatly, for example: $2,010 and $500, respectively. If you’re a customer of any bank, you should be aware of penalties and withdrawal limits to avoid paying any unnecessary fees.
Here’s a quick look at the daily ATM withdrawal limits of some national and regional banks:
|ATM Withdrawal Limits|
|American Express National Bank||$500 to $1,000, depending on account|
|Bank of America||Maximum of 40 bills at one time|
|Bank of Internet USA||$1,010|
|Bank of the West||$500|
|BB&T||$600 or a maximum of your available balance|
|BBVA Compass||Maximum of 30 bills|
|Capital One||$500 to $5,000, depending on age|
|Citibank||$1,000 to $2,000, but depends on account|
|City National Bank||$400|
|First Internet Bank||$750|
|First Midwest Bank||$500 to $1,500|
|First National Bank||$300|
|HSBC||$500 to $1,000|
|Santander Bank||$400 to $2,500|
|SunTrust Bank||$500, $1,000 or $2,500, depending on account|
|TCF Bank||$520 or $1,020|
|TD Bank||$750 or $1,000, depending on account|
|Umpqua Bank||$300 or $500|
|Information is accurate as of Dec. 12, 2018.|
Banks With the Highest ATM Withdrawal Limits
The SunTrust Bank ATM withdrawal limit can be as high as $2,500, depending on the type of account you have. The American Express National Bank withdrawal limit can be up to $1,000 per transaction, depending on the account, which is the same as the withdrawal limits for Ally Bank, Charles Schwab and Comerica Bank, and for certain accounts at Citibank and TD Bank.
No matter what the ATM withdrawal limit is at your bank, your actual limit should be what you have in your checking account. Even if you can withdraw up to $2,010 — the ATM maximum — from your Wells Fargo Preferred Checking account, you shouldn’t do that if you only have $1,000 in your account.
Banks With the Lowest ATM Withdrawal Limits
Some banks, such as HSBC and National Bank, have maximum ATM withdrawal limits set at $500. KeyBank has the lowest ceiling when it comes to withdrawing money — the maximum is $300.
Even big banks can have low limits. Although Chase customers won’t pay ATM fees for taking out money from a Chase ATM, they also won’t be able to withdraw much. The Chase ATM withdrawal limit is set at $500.
The drawback of low ATM withdrawal limits is that you must plan in advance if you’re going to pull money from your account.
Learn: How to Find ATMs Near Me
How to Get Cash If You’ve Reached Your Withdrawal Limit
If you’re trying to make a big purchase or need a large amount of cash for any reason, your needs might surpass your maximum withdrawal allowance from an ATM. But, it doesn’t mean you can’t get more cash just because you’ve maxed out your ATM withdrawal for the day.
Here are three workarounds to getting more cash if you’ve reached your ATM withdrawal limit:
Choose to Get Cash Back With a Debit Card Purchase
One simple way to bypass withdrawal limits is to get cash from retail stores during checkout. For example, you can buy a pack of gum and ask for $100 back when you pay with your debit card. Be sure to choose the debit card option on the keypad — otherwise, you might not be offered cash back. Note that cash-back limits vary by retailer.
Increase Your Maximum ATM Withdrawal Limit Online or by Phone
Some banks let you increase your ATM withdrawal maximum online. As a Bank of America account holder, you can sign in to online banking and manually change your maximum withdrawal amount.
Otherwise, you can call your financial institution and request a higher limit on your ATM withdrawals. TD Bank boasts 24/7 live customer service, which can be helpful when you need cash outside of normal business hours.
Visit Your Bank in Person
Unless you bank with an exclusively online bank, you have the option of visiting a branch to withdraw money. If you need a sum that exceeds ATM withdrawal limits, visiting a teller during bank hours might be the surest way to get the cash you need. Because it’s your money, the only limit to how much you can withdraw in person is how much you have in your account. Bring a valid ID to the bank, which usually requires a picture ID such as a driver’s license or passport. You can also find out from a bank representative at what time you’ll be eligible to withdraw the maximum amount from an ATM again.
Find Out: How to Get Cash From a Credit Card
Having cash on hand can be helpful — especially if your bank sets low daily withdrawal limits. When it comes to dealing with a financial emergency, being prepared ahead of time is better than scrambling for money at the last minute. That said, it’s good to know where and how you can get those extra dollars when the ATM denies you.
Keep reading to find ATMs that don’t charge fees.
More on Banking With Checking Accounts
- How to Open a Checking Account: All the Documents You Need
- Best Checking Accounts of 2019
- Cashier’s Check vs. Money Order: Here’s the Difference
- Watch: How to Read a Check — Explained in 90 Seconds
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Taylor Bell contributed to the reporting for this article.