How much amount can be transferred from ATM to another account?

ATM Transfer Limits: Understanding the Variability

Automated teller machines (ATMs) provide a convenient way to transfer funds between accounts, but the amount you can transfer may vary depending on several factors.

Bank and Account Type

Different banks have different policies regarding ATM transfer limits. These limits can be based on the type of account you hold, such as a savings account or a checking account. Savings accounts typically have lower transfer limits than checking accounts due to regulatory restrictions.

Daily Transfer Amounts

Many banks also impose daily transfer limits on ATM transactions. These limits can vary greatly, ranging from a few hundred dollars to several thousand dollars. The specific daily limit for your account will depend on the features and privileges associated with it.

Account Features

Certain account features, such as overdraft protection or premium status, may affect your ATM transfer limits. Accounts with overdraft protection may have higher limits to prevent overdrafts, while premium accounts may come with increased transfer privileges.

Contact Your Bank for Specifics

To determine the exact ATM transfer limits for your specific account, it is advisable to contact your bank directly. They will be able to provide you with the most accurate and up-to-date information based on your account details and any applicable regulations.

Conclusion

ATM transfer limits vary based on the bank, account type, and account features. Daily transfer amounts are also subject to variability. By contacting your bank, you can obtain precise details on the transfer limits applicable to your account and ensure that you can utilize this convenient service effectively.