Introduction : Every working or non working personnel requires a bank account so as to smoothly manage its finances. There are various points to be kept in mind while choosing the one you want to open an account with.
If your daily cash withdrawals are more than banks limit then this will cause a hurdle in carrying out your cash needs. Also if the bank satisfy your withdrawal limits but charges a fees higher then this would be heavy on your pocket so you have to choose you account wise.
Bank of America ATM withdrawal limits and How to get more cash?
If you are about to open a bank account then what are its withdrawal limits and do they satisfy your daily requirement is one point to be considered. If you have an account with Bank of America and want to know about its cash and ATM withdrawal limits then read this article till the end. Herein we will let you what are Bank of America’s withdrawal limits and how you can get additional cash in case your limit expires.
Information regarding ATM of Bank of America and how it works?
Some bank may satisfy your long term needs but your daily transactions need to be covered too. If you need a daily cash withdrawal then you will definitely need an account which does not charge for withdrawals up to a limit. Withdrawal limits are generally set to secure your account in case you loose your card then anybody whom holds your card can draw only in limit and your complete balance do not drain in one take. And meanwhile you can complain and save your account by external access.
What are Bank of America ATM withdrawal limits?
Bank of America ATM withdrawal limit is $1000 or 60 bills in a day for a single account. This limit is usually set for a saving account. But this limit is not universal for all account and below given points are to be considered:
- The limit may vary depending upon the type of card you hold.
- Even if you have daily limit but your monthly limit is to be looked for.
- Withdrawal will depend on the limits of ATM from where you withdraw.
- Your account balance must be adequate enough to withdraw.
- If your account does not hold adequate balance then check if you have an overdraft coverage.
Every account holder will have different limits and you can check such limit either in your card holder agreement or you can simply login in your account and check your limits. If both of these don’t work for you then you can simply call Bank of America help desk and know the details you need.
How to get more cash than your Bank of America withdrawal limit?
In case your withdrawal limit is $ 1000 but you need extra cash for some reason then there are alternative. Yes you can withdraw up to $5000 by visiting the Bank of America as this is their daily debit limit. This additional withdrawal help you manage your transaction without the hurdle of limits.
Though this is an additional limit but these limit may vary from bank to bank and also from account to account in same bank depending on the account type you hold.
Bank of America ATM withdrawal Fees:
The ATM withdrawal fees depends basically depends on five W’s at Bank of America. Which are who is using the account? What type of account you hold? Where you are using your account either local or international? When you withdraw from you account?
- If you withdraw at a Bank of America ATM in the US and you hold a Advantage Plus Card then no fees will be applied.
- If any other ATM except Bank of America is used then generally a $2.5 is charged and any other fees will depend upon the ATM operator.
- In case you withdraw your cash internationally, anywhere outside US then the will be $5 and foreign transaction fees of 3% will be charged.
- However the withdrawal fees of $5 can be saved in case Bank of America has some partnership with the bank you are withdrawing at. But the foreign transaction fees of 3% will be charged in all cases.
Conclusion:
Setting up withdrawal limit is very crucial in the era of card and going cashless for security reasons. Every bank has there own withdrawal limit, transaction or processing fee and such also play a vital role in deciding what bank account you should prefer. In this article we tried to guide you about the Bank of America withdrawal and it’s limits. Hope we covered all the details and helped you choose your account. In case you need any other details you can simply visit the Bank of America customer care number or visit their help desk. Check when you travel international, the partnerships of Bank of America so as to save yourself from the baggage of withdrawal fees.