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Which banks allow non-trivial ATM withdraw limits? My experience with 4 different banks: 1. Limit of $500 cannot be changed 2. Limit raised to $1,100 over th
by boring_twenties 6y ago
Which banks allow non-trivial ATM withdraw limits?
My experience with 4 different banks:
1. Limit of $500 cannot be changed
2. Limit raised to $1,100 over the phone; apparently if I show up at a branch and bring my first born, I can get it as high as $1,500.
3. Limit of $500 suddenly reduced to $200 (!) with the option to call in and raise it to $400.
4. Limit raised to $2,000. Some years later, suddenly reduced to $1,000. Haven't bothered looking into this yet.
- siberianbear 6y agoFidelity Investments brokerage and cash management accounts have a limit of $1000 a day, and I have four of them, so I can get $4000. I recently learned that some Chase Bank ATMs inside branches used with Chase ATM cards can get $3000 in one transaction. I did it the first time a few days ago.
- lowdose 6y agoAny particular reason you need so much cash on hand?
- boring_twenties 6y agoYou never know when a good poker game will break out.
- bartvk 6y agoWhat comes to my mind, is when you buy a boat or a motor second hand.
- siberianbear 6y agoI travel a lot, and sometimes often to "emerging economies". Cash is always king, especially when your American bank puts yet another suspected fraud alert on your card...
- boring_twenties 6y agoGood to know, thanks. Fidelity is actually my example #1. I've been told multiple times on the phone it can't be changed from $500, but that was years ago. Will try again. Back to the topic, we're up to $3-4k now which is more than I thought, but still not enough to pull off this $12k scam.
- siberianbear 6y agoFidelity outsources their debit card servicing. A Fidelity rep told me that the cap is set per customer, and the withdrawal limit is set depending on the account balance and history with that customer. They told me that I could request a higher withdrawal limit if I wished to do so, and they may or may not approve it.
- boring_twenties 6y agoInteresting, I didn't think it was per-customer. At the time these conversations happened, I had plenty of money, most of it in my Fidelity account. They could have saved a lot of money on ATM fees (which they always refund me) by increasing my limit, that's for sure.
- novok 6y agoRich people banks, like schwab.