Withdrawals from bank accounts are limited by a variety of factors that include federal regulations and the size of the bank’s cash reserves. Some transactions also come with penalties or service fees.
Even though the money in your bank account is fully yours, they have a withdrawal limit.
Chase Withdrawal Limit Increase
It is possible for you to get a withdrawal limit increase with Chase. These can happen in two different types of ways.
The first is that you are given a temporary increase. These are handy when you only need to pull out more for a big event or some other type of spending need.
Getting a temporary increase usually isn’t that difficult, especially if you can provide Chase with a specific reason for why you need it.
The second type of increase is a permanent increase. In order to get a permanent increase, you’ll likely need to keep a certain amount of funds in your bank account (such as $1,000 every day). Thus, these types of increases will be a little tougher to get.
The amount that you can get increased to varies by customer. In some cases, you might be able to increase your daily limit from $500 to $1,000 but in other cases, it might be a smaller or larger amount.
If you’re able to sign-up for a Chase Sapphire banking account or Chase Private Client account you can also get higher limits for your withdrawals.
For example, with Chase Private Client you might be able to pull out up to $2,000 or even $3,000 depending on the location. Also, your daily purchase limit will likely be higher at around $7,500.
Other options with higher limits include the Premium Platinum Debit Card with limits of $3,000 at Chase ATMs. If you’d like to request a higher limit simply call the Chase customer service phone number at 1-800-935-9935.
Similar to getting a credit limit increase, it will help if you can explain to the agent why you need an increased limit.
Chase Bank Teller Withdrawal Limit
There’s a difference between the chase atm withdrawal limit and the Chase bank teller withdrawal limit.
In atm, there’s a limit imposed and the reason is to prevent fraud. In atm withdrawal, the bank doesn’t know the person making the withdrawal, but in the case of a teller, the bank will see the person physically.
On chase bank teller withdrawal and other banks, the withdrawer will sign a signature on the teller, and if it didn’t match with the signature that the bank has, the transaction won’t take place.
And not only that, if the picture on the bank server is different from the person making the withdrawal, the bank will see it as fraud (fraudulent person).
So this makes teller withdrawal safe and better than the atm. So with this, the chase bank teller withdrawal limit is zero, that is it is limitless, has no limit at all.
You can go to any Chase bank branch, collect the teller and withdraw your whole money unless you have a certificate of deposit.
Non-Teller Withdrawal Limit(ATM)
For many Chase checking accounts your withdrawal limit will be $500 to $1,000 per day and your purchase limit will be $3,000 to $7,500 per day.
However, you can take advantage of higher withdrawal limits by going in-branch during business hours.
The chase-in-branch limit is separate from the non-branch ATMs. So you should be able to withdraw $3,000 from inside a branch and then head over to a Chase ATM machine (not located at a branch) and withdraw another $500 since the limits are separate.
However, the in-branch limit applies across all of your Chase debit cards so it wouldn’t be possible for you to withdraw $3,000 with one debit card in-branch and then to go back to Chase and attempt to withdraw $3,000 in-branch with debit card #2 on the same day.
Also, keep in mind that the Chase ATM withdrawal limit varies based on the type of checking account that you have and possibly on the state that you opened up your account in.
For the most accurate information, simply call the number on the back of your debit card for more information. The Chase ATM withdrawal limit is 24hrs(per day) so you’ll be able to withdraw $500 or $1,000 on consecutive days if you’d like.
The exact time that the reset takes place is at midnight Eastern Standard Time (EST) so plan your withdraws accordingly.
Chase Withdrawal ATM Fees
If you have a standard Chase Total Checking account you’ll have to pay fees for non-Chase ATMs. These are ATMs that do not have Chase branded on them and belong to other banks.
However, you can avoid some of these fees with other account types and you can read more about those below.
Keep in mind that just because you are not charged a fee from Chase, that doesn’t mean you’re off the hook.
The ATM owner may still impose a fee on you (although again you can get this refunded with certain types of accounts like Sapphire and Private Client).
Chase Total Checking
- $2.50 for any inquiries, transfers, or withdrawals while using a non-Chase ATM in the U.S., Puerto Rico, and the U.S. Virgin Islands. Fees from the ATM owner still apply.
- $5 per withdrawal and $2.50 for any transfers or inquiries at ATMs outside the U.S., Puerto Rico, and the U.S. Virgin Islands.
Chase Premier Checking
- $0 for the first four inquiries, transfers, or withdrawals each statement period at a non-Chase ATM. Fees from the ATM owner still apply. A Foreign Exchange Rate Adjustment Fee from Chase will apply for ATM withdrawals in a currency other than U.S. dollars.
- $2.50 for any additional inquiries, transfers, or withdrawals over four while using a non-Chase ATM in the U.S., Puerto Rico, and the U.S. Virgin Islands. Fees from the ATM owner still apply.
- $5 per withdrawal and $2.50 for any transfers or inquiries at ATMs outside the U.S., Puerto Rico, and the U.S. Virgin Islands (the $5 withdrawal or $2.50 Transfer or Inquiry Fee can be waived as part of the first four inquiries, transfers or withdrawals). Fees from the ATM owner still apply.
Chase has some pretty standard limits for ATM withdrawals. But if you’d like to up your limits you can also make a special request to a customer service agent and possibly get your limits increased from $500 to $1,000.
Also, some Chase accounts allow you to have higher withdrawal limits and also come with lower fees, so check those out.
If this article is useful then so will your friends, why not share it on your social media platforms.