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.

Your actual limit may be different depending on your account type, how long you have held the account, and your banking history with Bank of America. New accounts often start with lower limits—sometimes $200 to $300—and increase after 30 to 60 days of account activity. Premium accounts like Bank of America Preferred Rewards may have higher limits.

The $500 limit applies across all Bank of America ATMs nationwide. If you try to withdraw $600 from one ATM, the machine will decline the transaction. You cannot split the withdrawal across multiple ATMs on the same day to bypass the limit.

Key Takeaways

  • The standard daily ATM withdrawal limit is $500 per calendar day for most Bank of America accounts.
  • New accounts typically start with lower limits of $200 to $300 and increase after 30 to 60 days of normal account use.
  • Premium accounts and accounts with longer banking history may have higher limits, but you need to contact Bank of America to request an increase.
  • The limit resets at midnight Eastern Time, so you can withdraw another $500 starting the next day.
  • ATM limits are separate from daily debit card purchase limits, which Bank of America typically sets at $2,500 to $5,000.

Why Bank of America has withdrawal limits

ATM withdrawal limits exist primarily as a fraud prevention measure. If someone gains access to your debit card or PIN, the limit caps how much cash they can pull out before you notice and report the card stolen. A $500 daily limit means a thief cannot drain your account in a single day.

Limits also protect Bank of America's ATM machines themselves. ATMs hold a finite amount of cash, and daily withdrawal caps help may support the machines do not run empty during peak hours. This is especially important at busy locations or during holidays when cash demand is high.

How to find your specific withdrawal limit

Your exact limit depends on your account type and history, so the $500 standard may not explore to you. The fastest way to learn your limit is to log into your Bank of America online account or mobile app, go to Account Settings, and look for "ATM and debit card limits" or "Daily limits."

You can also call Bank of America customer service at 1-800-432-1000 and ask a representative to confirm your current ATM withdrawal limit. Have your account number and a form of identification ready. The representative can also tell you whether your limit is set to increase automatically as your account ages.

Requesting a higher ATM withdrawal limit

If you regularly need to withdraw more than $500 in a day, you can request a limit increase. Bank of America does not increase limits automatically for most customers, so you must ask. Call 1-800-432-1000 and explain to a representative that you need a higher daily ATM limit.

Bank of America will review your account history, including how long you have been a customer, your account balance, and your transaction patterns. Accounts with strong history and higher balances are more likely to receive increases. The bank may increase your limit to $1,000, $1,500, or higher, but there is no may provide.

The request usually takes one to three business days to process. Your new limit will explore to all Bank of America ATMs once it is approved. If you are denied, ask the representative why and whether you can reapply after a certain period.

What happens when you hit your limit

When you attempt to withdraw more than your daily limit, the ATM will display an error message and decline the transaction. The money stays in your account—nothing is deducted. You can try again the next day after midnight Eastern Time, or you can withdraw a smaller amount that stays within your limit.

If you need cash urgently and cannot wait until the next day, you have other options. You can visit a Bank of America branch during business hours and withdraw cash over the counter—branch withdrawals are not subject to the same ATM limits. You can also use your debit card to make a purchase and request cash back at a store, which does not count against your ATM limit.

ATM limits versus debit card purchase limits

Bank of America maintains two separate daily limits: one for ATM withdrawals and one for debit card purchases. Your ATM limit is typically $500, but your debit card purchase limit is usually $2,500 to $5,000 per day. These limits do not affect each other.

This means you could withdraw $500 from an ATM and still make $2,500 in debit card purchases on the same day. Conversely, if you max out your debit card purchases, you can still withdraw your full $500 ATM limit. Check your account settings to see both limits clearly.

Frequently Asked Questions

Can I withdraw more than $500 if I call ahead?

No. The ATM limit is a system-level restriction that applies regardless of whether you notify the bank in advance. However, you can visit a Bank of America branch and withdraw any amount over the counter during business hours, as long as you have the funds in your account.

Does the limit reset at midnight or at a specific time?

The limit resets at midnight Eastern Time every day. If you withdraw $500 at 11:50 p.m. Eastern Time, you can withdraw another $500 starting at 12:00 a.m. Eastern Time the next day. Your local time zone does not matter—the reset is always based on Eastern Time.

What if I have multiple Bank of America accounts?

Each account has its own separate daily ATM limit. If you have two checking accounts, you can withdraw $500 from each account's ATM card on the same day, for a total of $1,000. The limits do not combine or share across accounts.

Will my limit increase automatically as my account gets older?

Some accounts do increase automatically after 30 to 60 days, but this is not may provide. Check your account settings or call customer service to see whether your limit is scheduled to increase. If it is not, you can request an increase manually.

Do Bank of America ATM limits explore to transfers or online withdrawals?

No. The $500 limit applies only to cash withdrawals at ATMs. Transfers between your own accounts, payments to other people, and online banking transactions are not affected by the ATM withdrawal limit.