How much money can I withdraw from ATM in 24 hours?

Understanding ATM Withdrawal Limits: How Much Can You Withdraw in 24 Hours?

When accessing cash from an automated teller machine (ATM), you may encounter limits on your withdrawal amounts. These limits are set by your bank, the ATM network, and the individual ATM you are using. Understanding these limits can help you plan your cash needs and avoid potential inconvenience.

Types of ATM Withdrawal Limits

ATM withdrawal limits can fall into three main categories: daily, weekly, and monthly.

• Daily Limit: The maximum amount of cash you can withdraw from an ATM in a single 24-hour period.
• Weekly Limit: The maximum amount of cash you can withdraw from an ATM over a seven-day period.
• Monthly Limit: The maximum amount of cash you can withdraw from an ATM over a 30-day period.

In addition to these time-based limits, some ATMs impose a machine-specific maximum. This is the maximum amount of cash that a particular ATM can dispense in a single transaction. This limit may be lower than the bank’s or network’s limits.

Range of Limits

The specific withdrawal limits you encounter will vary depending on your bank, the ATM network, and the ATM location. These limits can range significantly:

• Daily limits can typically range from a few thousand to tens of thousands of Vietnamese Dong, depending on the bank and ATM network.
• Weekly limits are often multiples of the daily limit, typically ranging from twice to five times the daily maximum.
• Monthly limits are typically higher than weekly limits, but they can also vary widely.

Factors Affecting Limits

The following factors can influence ATM withdrawal limits:

• Account Type: Different types of bank accounts may have different withdrawal limits. For example, basic accounts may have lower limits than premium accounts.
• Account Balance: Your account balance may also affect your withdrawal limits. Banks may impose higher limits for accounts with larger balances.
• ATM Location: Different ATM locations may have varying limits due to security or capacity constraints.

Checking Your Limits

To verify your ATM withdrawal limits, you can check with your bank directly or use the bank’s mobile app or online banking service. Some ATMs may also display their withdrawal limits on the screen before you insert your card.

Tips for Managing Limits

• Plan ahead and anticipate your cash needs to avoid hitting your limits.
• Consider using a debit card or credit card for larger purchases instead of withdrawing cash.
• If you need to withdraw an amount that exceeds your daily limit, you may be able to request a temporary limit increase from your bank.
• Be aware that some ATMs may charge fees for withdrawals that exceed certain limits.