ATM withdrawal limit is the limit fixed on the minimum and maximum amount of money that can be withdrawn at a specific time using an  ATM. In this article, we are going to sample 25 major banks in the US and their ATM withdrawal limits. Dependent on the bank and your account type, the ATM withdrawal limit ranges from $300 to $500 daily. There are several reasons why banks set ATM withdrawal limits. Luckily, most banks allow customers to revise their withdrawal limit. To save time, below are banks with their withdrawal limits.

25 Major Banks ATM Withdrawal Limit

Below are 25 major banks with their headquarters and withdrawal limit

  1. Union Bank

Headquarters: 1251 Avenue of the Americas New York City.

Withdrawal Limit: $500

  1. BMO Harris

Headquarters: Chicago Illinois

Withdrawal Limit: $520

  1. US Bank

Headquarters: Minneapolis, Minnesota

Withdrawal limit: $500

  1. Wells Fargo Bank

Headquarters: San Fransisco, California.

Withdrawal limit: $300

  1. Regions 

Headquarters: Birmingham, Alabama.

Withdrawal limit: $808

  1. TD Bank

Headquarters: Cherry Hill, New Jersey.

$750-$1000

  1. PNC Bank

Headquarters: Pittsburgh, Pennsylvania.

Withdrawal limit: $500-$2000

  1. State Street Trust & Bank Co.

Headquarters: Golden Meadow, Louisiana

Withdrawal limit: $300

  1. Morgan Stanley Bank

Headquarters: Midtown Manhattan, New York

Withdrawal limit: $1500-$5000

  1. Key Bank

Headquarters: Cleveland,  Ohio.

Withdrawal limit: $300-$1500

11)Sun Trust Bank

Headquarters: Atlanta, Georgia

Withdrawal limit: $505

  1. Huntington

Headquarters: Columbus, Ohio.

Withdrawal limit: $400

  1. The Bank of New York Mellon

Headquarters: New York, New York

Withdrawal limit: $1000

  1. HSBC

Headquarters: New York City

Withdrawal limit: $500-$1000

  1. Discover Bank

Headquarters: New Castle, Delaware.

Withdrawal limit: $510

  1. Chase Bank

Headquarters: New York, New York

Withdrawal limit: $500-$3000

  1. Fifth Third Bank

Headquarters: Cincinnati, Ohio.

Withdrawal limit: $810

  1. Citizens Bank

 Headquarters: Providence, Rhode Island.

Withdrawal limit: $500-$1000

  1. Citi Bank

Headquarters: New York, New York.

Withdrawal limit: $1000-$2000

  1. Charles Schwab Bank

Headquarters: Westlake, Texas.

Withdrawal limit: $1000

  1. Ally Bank

Headquarters: Sandy, Utah

Withdrawal limit:$1000

  1. Bank of America

Headquarters: Charlotte, North Carolina.

Withdrawal limit: $1000

  1. BB&T

Headquarters: Charlotte, North Carolina.

Withdrawal limit: $500-$1500

  1. Capital One

Headquarters: McLean, Virginia.

Withdrawal limit: $600-$1000

  1. American Express

Headquarters: New York, New York.

Withdrawal limit: $3000

Reasons For ATM Withdrawal Limit

Below are why limits are set for withdrawal

• Cash flow

Banks set withdrawal limits on ATMs so that cash will go around among users. If limits were not set, someone might withdraw almost all the cash in the ATM.

• Security

Imagine misplacing your ATM card, the person that gets hold of it will use the numbers on it to get to know your pin and will withdraw money from your account. What if limits were not set, then it would have been worst.

• Money management

Banks set ATM withdrawal limits so that they will be able to manage the little or much money they have left.

Highest Daily Withdrawal Limit

Withdrawal limits depend on your account type and your banking history. For instance, someone who has an account for 12 years gets a higher withdrawal limit than someone who has an account for 5 years. Generally, daily withdrawal limits can range between $300 to $5000 and daily purchase limits can range from $400 to $25000.

How to Increase Withdrawal Limit

Below are two ways to increase your withdrawal limit

• Account Upgrade

If you want your limits to be increased, one of the things to do is to upgrade your account. But this comes with some requirements.

• Credit Card

Credit cards have several features like; increase purchasing power, cash back, cash advance, and more. 

When using it for a cash advance, you need to be cautious because it comes with high fees attached.

 Conclusion.

In case you needed a bank to open a new account, then you can wisely choose any of the banks listed in the article. By visiting. Major banks in the United States listed above have different ATM withdrawal limits and also, they have reasons why they put limits on withdrawal, it might be for security or cash flow and maybe for different reasons. The bank with the highest limit is chase bank, while the bank with the lowest limit is Wells Fargo Bank.

  1. What other ways Can ATM withdrawal limits be increased?

 Call your bank requesting that your limits be raised.

  1. How can I get more money if I have reached my limit?

You can simply visit your bank branch and you can also use your bank mobile app.

  1. Can a customer have accounts with many banks?

Yes, you can. But it is advisable to stick to one bank and at most three.