Whenever you open an account with a banking institution, there are ways to deposit funds into your account.
Some banks employ tellers who help their customers deposit and withdraw funds to and from his/her account.
But one of the easiest ways to deposit cash into your account is by using an ATM.
Most Banks encourage the use of ATMs to deposit cash because they (the bank) do not need to pay the ATMs wages, all the ATM needs is Power and money in it and it’ll work perfectly.
In this post I’ll be telling you all you need to know about the ” Chase ATM deposit limit”.
But before we go into the topic of the day, what is Chase?
Chase Bank is an American national Bank, its headquarters is in the Manhattan, New York city.
It is the consumer and commercial banking subsidiary of the US multinational banking and financial services holding company, JP Morgan Chase.
The was known as Chase Manhattan Bank before the merger with JP Morgan Chase in 2000. Chase has more than 5,100 branches and 17,000 ATMs nationwide ( US).
Now that we have an idea of what Chase Bank is and what they stand for.
What Is An ATM Deposit Limit?
ATM deposit limits limits set by a bank on transactions (deposits) a person can make in a day or a week.
This limits are imposed by banks to control the rate at which people deposit at ATMs.
However, most Banks don’t impose ATM deposit limits because they encourage people to use ATMs to deposit money into their accounts.
Now we know what an ATM deposit limit is, time to go into the topic of the day.
What Is Chase ATM Deposit Limit?
Chase Bank has no limit for anyone who wants to deposit funds using their in network ATM.
Yes you read right, you can deposit as much money as you want into your account using an ATM because there are no limits to how much you can deposit (both daily, weekly, and monthly).
There is only a limit to the amount of money you can withdraw from an ATM.
If you opened a regular account with Chase bank, you cannot withdraw more than $1000, but if you own a premium account, your withdrawal limit would be set at $3000 per day.
What Is Chase Transfer Limit?
If you’re transferring funds into or out of your account, your limit would be set at $25,000 per day.
But if you upgrade your account to a Chase Sapphire banking account or a Chase Private Client account, your limit is $100,000 per day.
Please note: whenever you transfer money from any other banking institution to your chase account, it would take a day or two working days to complete the transfer.