Your daily ATM withdrawal limit at Bank of America
Bank of America sets a standard daily ATM withdrawal limit of $500 for most checking and savings accounts. This means you cannot withdraw more than $500 from an ATM in a single calendar day, even if you have more money in your account.
The limit resets at midnight Eastern Time each day. If you withdraw $500 on Monday, your limit refreshes on Tuesday morning, and you can withdraw another $500 then. The limit applies across all Bank of America ATMs and ATMs in the Allpoint network (a large network of ATMs that Bank of America customers can use without a fee).
Your actual limit may be different depending on your account type, your banking history with Bank of America, or recent changes you have made to your account. Some accounts come with higher limits, and you can request an increase if you need one.
Key Takeaways
- The standard daily ATM withdrawal limit is $500, but your specific limit depends on your account type and history with the bank.
- The limit resets at midnight Eastern Time each day, so you can withdraw another $500 the next calendar day.
- You can find your exact limit by logging into your Bank of America account online, calling customer service, or visiting a branch.
- If you need to withdraw more than your limit allows, you can visit a branch during business hours and withdraw cash directly from a teller.
- Requesting a higher limit takes a few days and requires you to contact the bank by phone or in person.
How to find your specific withdrawal limit
Your limit is tied to your account, so the easiest way to see it is to log into your Bank of America online account or mobile app. Look for account settings or account details, where the daily ATM limit should be listed. If you do not see it there, call Bank of America customer service at the number on the back of your debit card.
You can also visit a Bank of America branch in person and ask a banker to tell you your limit. Bring your debit card and a form of ID. This is useful if you want to request a change at the same time.
Requesting a higher ATM withdrawal limit
If $500 is not enough for your needs, you can ask Bank of America to raise your limit. Call the customer service number on the back of your debit card, or visit a branch and speak to a banker. You do not need a reason to ask, though the bank may ask why you need a higher limit.
The bank will review your account history — how long you have banked with them, whether you have had overdrafts or other problems, and your typical account activity. If your account is in good standing, they will usually approve an increase. The new limit typically takes effect within a few business days.
There is no set maximum for how high your limit can go, but very large increases (such as jumping from $500 to $5,000) may take longer to process or may require additional review.
Withdrawing more than your limit in one day
If you need cash beyond your daily ATM limit, visit a Bank of America branch during business hours and withdraw directly from a teller. Teller withdrawals are not subject to the same daily limit as ATM withdrawals. You will need your debit card and a form of ID.
Plan ahead if possible — if you know you will need a large amount of cash, call the branch ahead of time to make sure they have enough cash on hand. Very large withdrawals (generally $10,000 or more) trigger a federal reporting requirement, but this does not prevent you from withdrawing the money. The bank will straightforward file a form with the government; it does not affect you.
Why ATM limits exist
Banks set daily ATM withdrawal limits for security reasons. If your debit card is stolen or your account is compromised, a limit reduces how much money a thief can take before you notice and report the problem. The limit also protects the bank by reducing the amount of cash that needs to be in each ATM.
The limit is separate from any spending limit on your debit card. You might have a $2,000 daily debit card spending limit but only a $500 ATM withdrawal limit, or vice versa. These are two different controls.
ATM fees and surcharges
Bank of America does not charge you a fee to withdraw from your own ATMs or from Allpoint network ATMs. If you use an ATM that is not part of Bank of America or Allpoint, the other bank that owns the ATM may charge you a surcharge (usually $2 to $3). Bank of America may also charge you a fee for using an out-of-network ATM, typically $2.50.
To avoid these fees, use a Bank of America ATM or look for the Allpoint logo before you withdraw. You can find Bank of America ATMs and Allpoint locations through the Bank of America mobile app or website.
Frequently Asked Questions
Can I withdraw more than $500 from an ATM if I have the money in my account?
No. The $500 daily limit is a security control that applies regardless of your account balance. If you need more than $500 in a single day, visit a branch and withdraw from a teller instead.
Does the ATM limit reset at midnight my local time or Bank of America's time?
It resets at midnight Eastern Time, not your local time. If you live on the West Coast and withdraw $500 at 11 p.m. Pacific time, your limit will reset in one hour (at 2 a.m. Pacific, which is midnight Eastern).
What happens if I try to withdraw more than my limit?
The ATM will decline the transaction and return your card. You will not be charged a fee for the declined withdrawal. You can try again the next day or visit a branch to withdraw from a teller.
If I request a higher limit, will it be approved?
Most requests are approved if your account is in good standing and you have been with Bank of America for a reasonable time. The bank reviews your account history but does not require a specific reason. Very large increases may take longer to process.
Do I have a different limit at Allpoint ATMs than at Bank of America ATMs?
No. Your daily limit applies across all ATMs — Bank of America, Allpoint, and any other network. A $500 limit means $500 total per day, not $500 per network.