How much can one withdraw from ATM in a day?

Daily ATM Withdrawal Limits

The maximum amount you can withdraw from an ATM in a single day varies depending on the type of card you have and the bank or credit union that issued it.

Business Debit Cards

Business debit cards, typically used by business owners and employees, generally offer higher ATM withdrawal limits than personal debit cards. For instance, business debit cardholders using Visa or Mastercard often enjoy a generous daily limit of one lakh rupees (INR 1,00,000).

Personal Debit Cards

Personal debit cards, on the other hand, typically have much lower daily ATM withdrawal limits. These limits can vary widely depending on the issuing bank and the specific account type. Some banks may impose a limit as low as INR 20,000 per day, while others may allow withdrawals up to INR 50,000 or INR 1,00,000.

Factors Affecting Limits

The daily ATM withdrawal limit set by your bank or credit union is influenced by several factors, including:

• Account type (checking, savings, etc.)
• Account balance
• Risk assessment
• Past history of account usage

Additional Considerations

It’s important to note that some ATMs may have their own withdrawal limits, which may be lower than the limit set by your bank. Additionally, some banks may charge a fee for ATM withdrawals that exceed a certain amount.

If you need to withdraw a large amount of cash, it’s advisable to contact your bank in advance to inquire about the daily withdrawal limit and any fees that may apply. You may also be able to increase your daily limit temporarily by contacting your bank’s customer service department.