In situations where there are no nearby bank branches, an ATM provides rapid and convenient access to cash from savings, checking, or money market accounts. The ATM can be a single means of getting cash if your bank only operates online.
However, the amount of money you can withdraw from an ATM is limited. The amount of transactions allowed each day or each month may be limited.
In either case, the rules are in place for your security and to assist the bank or credit union, which might not always be able to keep enough cash on hand to support its customers.
Even if you rarely use cash, understanding your everyday withdrawal limitations may be helpful in an emergency as ATM withdrawal limits differ per bank.
