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How do I withdraw a large amount of cash?

If for whatever reason you need more cash than ATM limits allow, there are a few ways you can get around it: Request an increase in your daily limit. Make a withdrawal in person at a bank branch. Get a cash advance with a credit or debit card. Get cash back with a purchase at a store.

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Top Banks' Daily ATM Withdrawal Limits Bank Daily Withdrawal Limit Ally Bank $1,000 Bank of America $1,000 Capital One $1,000 Citi $1,500-$2,000 Citizens Bank & Trust $500 Discover $510 Regions Bank $808 US Bank Depends on your account Wells Fargo Depends on your account

Current as of 11/23/22

In addition to your bank or credit union's daily ATM withdrawal limit, some ATMs may have their own per-withdrawal limits on how much you can take out. If for whatever reason you need more cash than ATM limits allow, there are a few ways you can get around it:

Request an increase in your daily limit.

Make a withdrawal in person at a bank branch.

Get a cash advance with a credit or debit card.

Get cash back with a purchase at a store.

Request an Increase

As soon as you know you need extra cash, call your bank or credit union and ask it to raise your ATM limit. Its answer may depend on your banking history, the types of accounts you have and how much money you keep in them, and whether you're asking for a temporary or permanent change. It may be easier to get a temporary increase, which should be sufficient if you just need to make a one-time large purchase or go on vacation. A permanent increase may take a stronger argument. Besides emphasizing how you're a good customer, you'll need to explain why you frequently need to withdraw more than the maximum.

Withdraw in Person at a Branch of Your Bank

Your account may allow you to withdraw more than your ATM limit inside a branch, by either using your debit card or writing a check made out to "Cash." Ask a teller to help you. Just be aware the there may be limits on how much you can take out with a check, or how many checks you can write for cash in a day. Note If you have savings or money market accounts, you can also withdraw from them in a bank branch or through an ATM to get more cash. Those accounts may have separate withdrawal limits from your checking account. Another option for withdrawing more cash is to get a cash advance. Here's what to know about using cash advance.

Credit card cash advance

If you have a credit card that allows cash advances, you may be able to get cash from a bank branch or ATM, up to a certain limit. But be aware that there is usually a fee for this, in addition to a special cash advance interest rate. Note When you take out a credit card cash advance, you usually lose the interest-free grace period that you get when you make a credit card purchase. In other words, you'll be charged interest as soon as you take out the advance.

Debit card cash advance

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If you can’t visit a teller at your bank to make a withdrawal, go to a different bank. Ask about using your debit card to get a cash advance, which allows you to withdraw more cash than ATMs allow. While a credit card cash advance adds to the debt you owe, a debit card cash advance draws on money you already have in your bank account. Banks typically charge a modest fee for the service if you’re not a customer, so find out how much it costs before you go this route. Debit card cash advances at branches still have limits, but they’re generally higher than limits at your local ATM. Note that any withdrawals you already made at the ATM will probably also count against your daily in-branch limit.

Ask for Cash Back at a Store

You can also try to get cash back at grocery or convenience stores. By making even a tiny purchase, such as a pack of gum, you can get cash back; go for the maximum amount possible if you need it. Most stores limit cash back to a certain amount, such as $50 or $200, but that amount combined with the maximum you can pull from the ATM might get you what you need. Note If necessary, you can use multiple cash-back transactions until you hit your debit card’s daily purchase limit, which may be several thousand dollars or more. However, you’ll likely have to endure the inconvenience of visiting several different stores and securing cash in small increments. Regardless of the method you use, keep an eye on your bank account balance, in case you withdraw money that you have already committed to auto-pay bills or rent payments. A store may approve a cash-back transaction that causes you to have insufficient funds and incur fees from your bank.

Frequently Asked Questions (FAQs)

What bank has the highest ATM withdrawal limit? ATM withdrawal limits are based on several factors, including the type of account you have and your account history. That means that even if you choose a bank that's reported to offer high ATM withdrawal limits, you may not have access to that limit. If you need to withdraw a significant amount of cash, your best option is to visit a branch in person, withdraw cash with purchases, or visit the ATM on multiple days.

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