The amount of cash you can withdraw from a bank depends on several factors including the type of withdrawal (ATM, debit card, or teller), your bank's policies, your account type, and sometimes how long you've been a customer. Typical Withdrawal Limits:
- ATM withdrawals: Usually the lowest limits, ranging from about $300 to $1,000 per day in the US, or equivalent amounts in other currencies (e.g., £250-£300 in the UK, €200-€1,000 in Europe, ₹10,000 to ₹2,00,000 in India depending on card type)
- Debit card transactions: Limits tend to be higher than ATM withdrawals, commonly around $3,000 to $5,000 per day in the US, but this varies by bank and account type
- In-person teller withdrawals: These generally have the highest limits, often allowing withdrawals up to $10,000 to $20,000 per day, sometimes more if arranged in advance with the bank
Examples from specific banks:
- US banks like Bank of America and Chase have ATM limits between $500 and $1,000, debit card limits up to $3,000 or more, and teller withdrawals can reach $20,000 per day
- UK banks like Nationwide and Barclays typically allow ATM withdrawals up to £300 daily, with branch withdrawals up to £500 without notice, and larger amounts (over £2,000) requiring advance notice
- Indian banks vary widely, with ATM limits ranging from ₹25,000 to ₹2,00,000 or more depending on the card and account type. Premium cards can have limits as high as ₹10,00,000 per day
Increasing Limits: You can often request a temporary or permanent increase in withdrawal limits by contacting your bank, especially if you need to withdraw a large sum for travel or business purposes. The bank’s willingness to increase limits depends on factors like your account history and the amount requested
. Summary:
Withdrawal Method| Typical Daily Limit Range (USD equivalent)| Notes
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ATM| $300 - $1,000| Lowest limits, varies by bank/account
Debit Card Transactions| $3,000 - $5,000| Higher than ATM, varies by account
Teller/In-Person| $10,000 - $20,000+| Highest limits, may require notice
To know your exact limit, check with your bank or review your account terms. For large cash needs, visiting a branch and arranging in advance is advisable to ensure availability and security
