Need More Money From The ATM?

I ran into an issue yesterday when I needed to make a large ATM withdrawal to covera down payment on a used car, which I am going to put up for sale on eBay. I thought I had the cashiers check for the right amount, however they told me the wrong amount by $425.

They wouldn’t accept a check (this used car dealer, which will remain nameless, is a bit shady, and most likely not reporting their earnings!). So I needed $425 and thought, the ATM is my only option since the banks were already closed. Well after trying to get the money out of the ATM, I soon realized that Chase will only let me take out $200 per day. Let me tell you, after having an account with them for over15 years and always have between $2000 - $4000 in there they would only let me access around 10% of it. I realized that this is most likely for security reasons, however to me it is very inconvenient.

I decided to call them the next day. To my surprise, the rep immediately increased my ATM daily withdrawal amount to $2000. I didn’t realize that they could set this amount per account. I am also curious if there is a upper limit on the ATM that you are using. Cause taking out $2000 could clean an ATM out of all the money it has in it. I’ll have to try this out sometime.

If you are ham stringed by a low ATM withdrawal amount, a simple call to your bank could get you a higher limit. The only problem is that if someone were to hold me at gun point at an ATM, they would cash out! So beware of the consequences of a high ATM withdrawal limit! In my case, it is worth the risk.

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