Chase bank is a subsidiary of the multinational financial services company JPMorgan Chase.
It is one of the biggest banks in the US with more than five thousand branches and 17,000 ATMs cut across the country and just like other banks, Chase bank has its own ATM withdrawal limit and we’ll be looking into what the Chase ATM withdrawal limit is and more in today’s post, keep reading to find out.
What is the Chase ATM withdrawal limit?
Once you successfully collect your Chase debit card you can withdraw up to three thousand dollars $3000 per day from a Chase in branch ATM ( that is the ATM in a Chase bank branch).
At other chase ATMs you can withdraw up to $1000 per day, this is because your account is a regular account but once you upgrade to a premium account, your limit would be set at $3000.
You can withdraw only $500 from a non chase ATM with your Chase debit card, but if you own a private Chase debit card you can withdraw two thousand dollars $2000.
What is an ATM withdrawal limit?
An ATM withdrawal limit is the highest amount of cash a person can withdraw from an automated teller machine within a particular period.
Every bank in the United States has an ATM withdrawal limit, although the limits are pretty high so it’s most likely that you’ll never hit that limit.
Why is there a limit to how much I can withdraw from my account?
Now people tend to ask this question all the time.
I understand that the money in your account belongs to you.
But the limit was created for some reasons, and the most important reason for security of funds.
Now imagine if someone got his hands on your debit card and PIN without you knowing, He would try to withdraw everything from your account right, well that’s where the ATM withdrawal limit kicks in.
With the ATM withdrawal limit in place, the fraudster can only withdraw a limited amount before you find out and freeze your account, so the ATM withdrawal limit will save you from becoming broke.
That’s one of the many reasons for creation of the ATM withdrawal limit.
Chase bank is one of the largest and best banks in the United States.
And the banks’ ATM withdrawal limit is one of the best in the country. And it is highly unlikely that you ever hit that limit.