i know my bank has a daily WITHDRAWAL limit of £300 but just say i have £5000 imy account and i wanted to pay for something, using chip and pin, that was worth £1000 would that be possible?
2007-04-21 00:58:42 · 4 answers · asked by FELICS 1 in Business & Finance ➔ Credit
It is INR 20,000 in India, per day in ATM. With prior intimation and approval we can with draw more.
2007-04-21 01:08:08 · answer #1 · answered by manjunath_empeetech 6 · 0⤊ 0⤋
You are possibly confusing the atm withdraw limits with point of sale limits.
In the U.S. with have different limits
ATM withdraw $200 to $500
Pin & Signature purchases from $300 to $5,000 or even higher .This all depends on your bank. Some banks even have different limits for pin and signature transactions.
I also know you can ask your bank to raise your daily limit some will and some won't.
2007-04-21 13:56:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Your withdrawal limit is for cash monies you take out of your account at the ATM. Your purchase power is only as good as the balance of funds in your account.
2007-04-24 19:12:09 · answer #3 · answered by annazzz1966 6 · 0⤊ 0⤋
yes if the money was in the account,if not the card would decline when at the checkouts
2007-04-21 01:03:02 · answer #4 · answered by dumplingmuffin 7 · 0⤊ 0⤋