Q:

What are ATM withdrawal limits?

A:

Quick Answer

ATM withdrawal limits are the maximum amounts an Automatic Teller Machine (ATM) can dispense. The limits are set by the bank and can vary based on account status, availability of funds or physical limitations of the machine.

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Full Answer

Bank of America and Wells Fargo offer flexible withdrawal limits that can be set up by the customer. Bank of America ATMs, however, have an additional limitation of up to 40 bills dispensed in a transaction. These limitations are designed to increase customer security. The availability of funds can also limit the amount of money that can be taken from an ATM in a single transaction.

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