Have you been so anxious to know Chase ATM withdrawal limit – how much can you withdraw from ATM? Definitely the answer is yes. Relax, we have provided accurate answers to all your questions concerning chase bank withdrawal limit. Be it daily, weekly or monthly” carefully read along;
Even though the world is moving towards a cashless economy, there are times where there is an urgent need for cash and you cannot help It. At that moment all you want is to get cash from any available means. With this in mind, it is very necessary to know the withdrawal limits of your bank. This is in agreement with the popular saying “cash is king”.
However, in the bud of getting cash, one might be discouraged with having to locate and go into your bank and every other process that withdrawal comes with. As a way out of that situation, the Automated Teller Machine (ATM)was introduced to dispense cash to bank users in an easier way.
Chase Bank is one of the largest banks in the United States has adopted the usage of ATMs for the deposit and withdrawal of cash to make banking easier and more enjoyable for its customers.
In this blog post, you will be taken through the Chase ATM withdrawal limit, how to reset your limit, and many others. But before we proceed, let’s dash into what ATM withdrawal limits are and why the withdrawal limit is necessary.
What Is Chase ATM Withdrawal Limit?
Whenever you hear the phrase ” Withdrawal Limit”, it refers to the maximum amount of money that each customer is allowed to withdraw at a specific time or duration.
This limit varies with the type of card, account, and place of withdrawal. It is important to be acquainted with one’s account’s ATM withdrawal limit so as not to be taken unaware.
I know right now you would be asking what then is the need of placing a limit if ATMs are meant to dispense cash. Not to worry as that would be discussed in the following paragraph.
Why Does Chase Bank Have An ATM withdrawal Limit?
We earlier established that Chase Bank is aimed at customer satisfaction and security of funds. Bearing this aim in mind, it has set up the ATM Withdrawal Limit for the following reasons.
- Security: the aim here is to secure the money in your account from theft. What this means is that should any thief or unauthorized person gets hold of your debit card, they would not be able to withdraw so much money to the extent of emptying your account. This is made possible by the limit because when they get to the limit, the ATM would no longer pay them thereby keeping your money safe.
- To avoid excessive spending: some people find it hard to spend according to their budget. They tend to keep spending as much as money is still available in their accounts. So to avoid such recklessness or excessive spending, Chase Bank thought it necessary to impose an ATM withdrawal limit on the amount of money that can be withdrawn at a time.
- Government policies: to regulate the flow of cash in the economy, the government restricted how much each bank is allowed to dispense daily either by hand or ATM. So it is in line with these restrictions that Chase Bank issued an ATM withdrawal limit on their customers’ accounts.
What Is Chase ATM Withdrawal Limit?
The ATM withdrawal limit for Chase Bank is not the same for all customers. In other words, there is no fixed price for all customers or accounts.
The difference varies with the location of the ATM used, the type of account being operated, and the debit card used. Read on to know your specific Chase ATM withdrawal limit.
With your Basic Chase ATM card (savings or checking account), you are allowed to withdraw a maximum of three thousand dollars ($3000) per day at your in-branch chase ATM.
However, should you want to use another Chase ATM which is not your in-branch, your withdrawal limit will be one thousand dollars($1000) per day.
Chase Bank also allows its customers to withdraw from the ATMs of other banks but with a different withdrawal limit. If you are using the ATM of another bank, the withdrawal limit is five hundred dollars ($500) per day.
You should note that the withdrawal limits stated above are subject to change and are also influenced by the type of debit card being used. If you are using a Chase Private Client debit card, you can withdraw up to $2000 from a non- Chase ATM.
What Is The ATM Withdrawal Limit For Chase Business?
Chase Business is a type of account that combines all the features of a checking account, QuickAccept, and others that makes banking beneficial to business owners.
The ATM withdrawal limit for Chase Business is the same as those discussed above.
How Can I Increase My Chase ATM Withdrawal Limit?
The question we should even ask ourselves first is “is it possible to increase my Chase ATM withdrawal limit? And the answer to that is a big Yes. Some customers make very large transactions that demand a higher amount of cash than the ATM withdrawal limit. To these customers, it is advised that you seek to increase your ATM withdrawal limit. With Chase Bank, there are two types of increase. Read to the end to know how to increase the limit.
- Temporary Increase: temporary increase happens when you probably need the money for an immediate occasion which is just once. Effecting this increase does not usually take a long process so long as you can give a cogent reason for such an increase. To request this, all you have to do is to call the customer service of your Chase Bank.
- Permanent Increase: the process for the permanent increase is a little more cumbersome than that of the temporary. To get a permanent crease, your account has to meet some criteria such as the amount of daily deposit into the account not going below $1000. So to request a permanent increase you will have to go to the bank directly to answer some questions and fill out some documents.
When Does Chase Withdrawal Limit Reset?
- The Chase ATM withdrawal limits reset every 24 hours. You cannot add the limit of the previous day to the new one to make a higher amount. At 22 midnight, you have a new limit. The exciting part of this is that if you reach your ATM withdraWal limit by say 10 pm, you have just two hours to wait before getting a new withdrawal limit.
How Can I Get Cash After Reaching My Chase ATM withdrawal Limits?
- Wait till your limit resets as discussed in the last paragraph.
- Request for an increase
- Get cash at any point of sales around you.
- Withdraw from an alternate account.
- Go directly to the nearest chase Bank and withdraw Cash
Conclusion
I hope you enjoyed the article and have learned everything you need to learn as regards Chase ATM withdrawal limits.
How to request an increase, when the limit resets as well as alternatives to getting cash when you reach your Chase ATM withdrawal limit.