How Much Can You Withdraw From an ATM? [Banking Basics]

How much you can withdraw from an ATM is a common question we receive from our members.

In this article, we’re going to help you navigate your options and determine the limits that may apply to your account. Plus, we’ll also answer a few of the most common questions we receive.

This article is part of our free series on banking basics, ranging from how to open accounts to higher interest rates, which you can access by clicking here right now.

Feel free to use the table of contents to jump ahead to the sections most relevant to you.

Table of Contents

  1. How Much Can You Withdraw From an ATM?
  2. Which Bank Has the Highest ATM Withdrawal Limit?
  3. Can I Use My Credit Card to Withdraw Cash From an ATM?
  4. Frequently Asked Questions
  5. Ready to Explore Your Options?

How Much Can You Withdraw From an ATM?

How much you can withdraw from an ATM will ultimately depend on the bank and account type that you are considering. For example, while most banks allow retail customers to withdraw up to 300 GBP per day, premier-level accounts can typically withdraw up to 1,000 GBP per day. That said, each bank sets its own limits and different account types may offer higher withdrawal limits.

Which Bank Has the Highest ATM Withdrawal Limit?

Which bank has the highest ATM withdrawal limit depends on the country you are considering and the account level that you are looking to access. For example, in the United Kingdom, you may be able to access up to 1,000 GBP with Barclays through a premier account. However, in the United States, you may be able to access up to 5,000 USD with Morgan Stanley for the same level of accounts.

With this in mind, if maximizing the amount that you can withdraw from an ATM is important to you, you should review the specific terms and conditions of ATM withdrawals for each bank (and account) you are considering before proceeding with opening an account.

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Can I Use My Credit Card to Withdraw Cash From an ATM?

Yes, you can use your credit card to withdraw cash from an ATM. However, credit cards charge a cash advance fee anytime you withdraw cash from your card. Additionally, interest rates will apply to your withdrawal. And, it’s important to note that many credit card issuers charge a higher interest rate for cash advances than they do when using a credit card to make regular purchases.

Frequently Asked Questions

Below are three of the most common questions that we receive from people looking into how much you can withdraw from an ATM. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.

How Much Money Can You Withdraw From an ATM at One Time?

How much money you can withdraw from an ATM at one time ultimately depends on the account you have and the bank you deal with. In other words, every customer will have a different withdrawal limit based on their financial institution and account level. For example, while basic account holders may be able to withdraw 300 per day and per withdrawal, premier account holders may be able to withdraw up to 1,000 per day and per withdrawal.

How Do I Find Out My ATM Withdrawal Limit?

You can find out your ATM withdrawal limit by checking in your online bank account. That said, if you are looking for an immediate option, you use telephone banking. Alternatively, you can also visit a branch directly. Lastly, another option is to check your available withdrawal limit through an ATM managed directly by your bank.

How Much Can I Take Out of an ATM in the UK?

How much you can take out of an ATM in the UK will ultimately depend on the type of account you have and the bank you deal with. In fact, this is true in most countries. That said, in the UK specifically, customers at most financial institutions can access up to 300 GBP per day from an ATM. However, if you are a premier account holder at larger financial institutions, it’s possible that you will be able to access up to 1,000 GBP per day from ATM withdrawals.

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