US Bank ATM Withdrawal and Deposit Limits
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Sometimes you need to deposit or withdraw a large amount of money and either you don’t want to queue inside the bank or it’s late and the bank is closed. Most banks and ATMs have their own limits. Here’s what you need to know about withdrawing and depositing cash into a US Bank ATM.
What is the maximum withdrawal limit at a US ATM?
The maximum withdrawal limit may vary as it depends on your account and your relationship with US Bank. For many banks, daily ATM withdrawal limits start at $500. This limit still applies if you “pass without a card”, which means that instead of using a card, you can wave your mobile device next to the ATM.
What is the maximum amount you can deposit in a US ATM?
Unlike the withdrawal limit, the deposit limit probably won’t be much of a concern. The amount you can deposit does not relate to the dollar amount; this is the number of coins involved in each transaction. American bank states that most of its ATMs can accept up to 50 bills or up to 30 checks in a single transaction. If you have more bills or checks than that, you can deposit in multiple transactions.
How soon will the funds be available?
The availability of funds depends on whether you have deposited cash or a check, if it required an envelope and what time you made your deposit. At US Bank, as long as you deposit before the cut-off time – usually 8 p.m. – the money is available immediately, while the first $225 of your check deposit is available immediately and the rest is available the next business day.
A sum of money or deposit check needing no envelope will be available the same business day as long as you deposit before the cut-off time. If your deposit is in an envelope, it must be deposited by 6 p.m. and will not be processed until the next business day.
How can US bank ATM limits be increased?
Most banks will offer increased ATM withdrawal limits upon request. The temporary limit increases, such as when you are plan a trip or preparing to make a major purchase, are more common than permanent raises.
Since US Bank limits withdrawals based on your account type and account status, each case is unique. Call US Bank at 800-USBANKS or 800-872-2657 to discuss any limit increase options that may be available to you. You can also stop by a branch and apply in person.
Good to know
American bank ATM limits are fairly typical compared to other banks. Because of these card-specific limitations, it’s probably a good idea to take the time to withdraw cash during normal bank hours. Plus, you can take more than one card with you, so you’ll have a backup plan to withdraw cash when you need it most.
Does the US bank have a transfer limit?
When it comes to transferring funds from your savings account to your current account, the usual federal regulations apply: in general, you are only allowed to make nine withdrawals or transfers from your savings account per month. The good news is that making an ATM transfer using a PIN is an exception to ‘Rule D’ which does not count against you in the same way as online transfers.
How can you get more money if you have already reached your limit?
If you still need cash and have already reached your ATM withdrawal limit, don’t despair. There are other ways to get more. Assuming that the bank is closed and making a large withdrawal at the bank or at the drive is not possible, here are some other options:
- Ask for cashback on a point-of-sale transaction. For example, you can go to several different grocery stores and claim the maximum amount of cash back after making a small purchase at each store.
- Withdraw from another account that uses a different card. Limits are usually card specific, so if you use the same card for your verification and savings account, you’re probably out of luck. Getting a cash advance on a credit card is another option.
- Increase your limit per phone. As mentioned earlier, a US bank representative may be willing to increase your withdrawal limit for your convenience.
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Information is accurate as of September 29, 2022.
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