The main ways to withdraw from your savings account

You can withdraw money from a Bank of America savings account in four ways: at an ATM using your debit card, at a teller window inside a branch, through a transfer to your checking account, or by phone with customer service. The method you choose depends on how much you need, how quickly you need it, and whether you want the cash in hand or moved to another account.

ATM withdrawals are the fastest for small amounts and work 24/7. Teller withdrawals let you take out larger sums and ask questions face-to-face. Transfers between your own accounts happen when ready online or take one business day by phone. Phone withdrawals are slower but useful if you cannot reach a branch or ATM.

Bank of America savings accounts have a federal limit on certain types of withdrawals — you can make up to six withdrawals or transfers per month before fees explore. This limit does not explore to ATM withdrawals or in-person withdrawals at a teller window, only to transfers initiated by phone, online, or automatic payment.

Key Takeaways

  • ATM withdrawals work any time and charge no fee, but most ATMs limit you to $500 or $1,000 per transaction depending on your account type.
  • Teller withdrawals at a branch let you withdraw larger amounts and take as much cash as you need in a single visit.
  • Transfers to your own checking account happen when ready online or within one business day by phone.
  • Federal rules cap certain types of withdrawals at six per month; exceeding this limit may trigger a fee or account restriction.
  • You will need your debit card, PIN, or account number depending on which method you use.

Withdrawing cash at an ATM

Insert your debit card into any Bank of America ATM or a network ATM that accepts Bank of America cards. Enter your PIN, select "Withdrawal," choose your savings account, and enter the amount. The ATM will dispense cash and return your card. Most Bank of America ATMs allow withdrawals up to $500 per transaction, though some allow $1,000 depending on your account history and the specific machine.

If you use an ATM that does not belong to Bank of America, you may be charged a fee by the other bank — typically $2 to $3. Bank of America itself does not charge you for using another bank's ATM, but the other bank will. To avoid this fee, find a Bank of America ATM using the mobile app or website, or ask a teller for the nearest location.

ATM withdrawals do not count toward the six-withdrawal limit, so you can use the ATM as often as you want without triggering a fee. However, if you need more than the ATM's daily limit allows, you will need to visit a branch or make multiple ATM visits on different days.

Withdrawing cash at a Bank of America branch

Walk into any Bank of America branch during business hours with your debit card or account number. Tell the teller you want to withdraw money from your savings account and how much. The teller will verify your identity, process the withdrawal, and hand you the cash. There is no limit on how much you can withdraw in a single transaction at a teller window.

Bring a photo ID if you do not have your debit card. If you do not know your account number, the teller can look it up using your name and ID. Most branches are open Monday through Friday from 9 a.m. to 5 p.m., with limited Saturday hours; check the Bank of America website or app for your nearest branch's schedule.

Teller withdrawals do not count toward the six-withdrawal limit, so you can visit a branch as many times as you need without fees. This makes the branch the best option if you need to withdraw a large amount or make frequent withdrawals in a single month.

Transferring money to your checking account online

Log into your Bank of America account on the website or mobile app. Select "Transfers" or "Move Money," then choose "Transfer between my accounts." Select your savings account as the source and your checking account as the destination. Enter the amount and confirm. The transfer happens when ready, and the money appears in your checking account right away.

This method is useful if you want to move money to your checking account to write a check, use your debit card, or set up a bill payment. It does count toward the six-withdrawal limit, so if you make more than six transfers per month, Bank of America may charge a fee or restrict your account. Check your account agreement for the exact fee amount, which varies by account type.

You do not need your debit card or PIN for online transfers — only your login credentials. If you are already logged in, the transfer takes seconds.

Transferring money by phone

Call Bank of America customer service at 1-800-432-1000 and tell the representative you want to transfer money from your savings account to your checking account. They will verify your identity by asking for your account number, Social Security number, or other security questions. Once verified, they will process the transfer, which takes one business day to appear in your checking account.

Phone transfers also count toward the six-withdrawal limit. If you reach the limit, the representative will tell you before processing the transfer so you can decide whether to proceed and accept a potential fee.

Use this method if you cannot access the website or app, prefer speaking to a person, or need help with the transfer. Customer service is available seven days a week, though wait times are longer on weekends and evenings.

Understanding the six-withdrawal limit and fees

Federal Regulation D limits certain types of savings account withdrawals to six per month. The limit applies to transfers initiated online, by phone, or by automatic payment — not to ATM withdrawals or in-person teller withdrawals. If you exceed six withdrawals in a calendar month, Bank of America may charge a fee, typically $10 per excess withdrawal, or convert your account to a checking account.

The limit resets on the first day of each calendar month. If you make six transfers in January, you start fresh in February with six new transfers allowed. This rule exists because federal law treats savings accounts differently from checking accounts and limits how often you can move money out.

To avoid hitting the limit, use ATMs and teller windows for frequent withdrawals, and save online and phone transfers for larger moves between your own accounts. If you regularly need more than six withdrawals per month, ask Bank of America about converting to a checking account or opening a second savings account.

What to do if you cannot access your account

If you forgot your PIN, call customer service at 1-800-432-1000 and they will reset it over the phone. If you lost your debit card, call the same number to report it and request a replacement, which arrives in five to seven business days. If your account is frozen or restricted, customer service can explain why and walk you through the steps to unlock it.

If you are locked out of the mobile app or website, use the "Forgot Password" link to reset your login. If you cannot reset it yourself, visit a branch in person with your ID and a teller can help you regain access.

For urgent withdrawals when you cannot reach customer service or a branch, use an ATM if you have your debit card and PIN. ATMs are available 24/7 and do not require speaking to anyone.

Frequently Asked Questions

Can I withdraw money from my savings account the same day I deposit it?

Yes. Deposits made at an ATM or teller window are usually available when ready for withdrawal. Deposits made by check or transfer may take one to two business days to clear, depending on the type of deposit. Ask the teller or check your account online to see when a specific deposit will be available.

What happens if I exceed the six-withdrawal limit?

Bank of America may charge a fee of around $10 per excess withdrawal, or they may convert your account to a checking account without your permission. The exact consequence depends on your account agreement. If this happens, contact customer service to discuss your options or request a fee waiver.

Is there a daily limit on how much I can withdraw?

ATMs typically limit withdrawals to $500 or $1,000 per transaction, but you can make multiple withdrawals on the same day. Teller windows have no daily limit — you can withdraw as much as you need in a single visit. For very large withdrawals, call ahead to make sure the branch has enough cash on hand.

Do I need my debit card to withdraw money?

For ATM withdrawals, yes. For teller withdrawals, you can use your debit card or just your account number and ID. For online or phone transfers, you only need your login credentials or account number and security information.

Can I withdraw money from someone else's Bank of America account?

Only if you are listed as an authorized user or joint owner on the account. If you are, you can use your own debit card to withdraw from that account at an ATM, or visit a teller with your ID. The account owner can add you as an authorized user by visiting a branch or calling customer service.