Using a credit card at ATM? Is there a limit?
2006-11-16 09:39:58 · 7 answers · asked by Tericka 4 in Business & Finance ➔ Personal Finance
Yes, there is a limit. That is for your own security in case you loose your card and someone goes shack.
Btw, you know that borrowing money from a credit card is very expensive. They usually charge you daily interest. Not a smart move.
2006-11-16 09:48:06 · answer #1 · answered by ve1luv 2 · 0⤊ 0⤋
This is dependant on the banks policies, and your current balance of course;-) In my experience, I've seen withdrawal limits as low as $200 per day up to $1,000 per day.
It's best to withdrawal a little extra money than you think you need and try to make fewer withdrawal per month. ATM fees can really take a bite from your account balance. I personally try to get cash back from my debit card from retailers like Wal-mart that don't charge the transaction fee.
2006-11-16 17:44:36 · answer #2 · answered by personalfinancedaily 3 · 0⤊ 0⤋
Depends on the limit you have with your credit card company and the bank. It is to protect you in case someone steals your card and knows your PIN number.
2006-11-16 20:10:07 · answer #3 · answered by Mariposa 7 · 0⤊ 0⤋
Whatever bank you are with, call them. Some people have different limits because of reaccuring overdraft fees. Call the the number on the back of your card.
2006-11-16 18:09:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It might depend on your bank. But, mine will let me withdraw up to $500/day from an ATM. Once, I pulled out $500, and then went to another ATM, but it wouldn't let me take more.
2006-11-16 18:05:13 · answer #5 · answered by Peter N 2 · 0⤊ 0⤋
your limit is set by the credit card company you will have to contact them to see what your limit is.
2006-11-16 20:17:34 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes every bank is different mine is $200 per day as long as you have the funds
2006-11-16 17:48:10 · answer #7 · answered by sugarbdp1 6 · 0⤊ 0⤋