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1,000 us withdrawal from atm machine with one charge

Discussion in 'Banking - Investing - Finances' started by JOHNNY B, Jan 11, 2020.

  1. Chriscraft

    Chriscraft DI Junior Member

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    Bank ATM Maximum Amount Per Day
    BDO PHP 50,000
    BPI PHP 20,000
    China Bank PHP 30,000
    Landbank PHP 50,000
    Maybank PHP 20,000
    Metrobank PHP 30,000
    PNB PHP 20,000
    PS Bank PHP 30,000
    RCBC PHP 50,000
    Security Bank PHP 40,000
    UCPB PHP 20,000
    Union Bank PHP 20,000
     
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  2. AlwaysRt

    AlwaysRt DI Forum Patron Highly Rated Poster Blood Donor Veteran Air Force Marines

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    This list is Not correct. For example I have withdrawn over 20,000 at BPI dozens of times now. The question is actually more complicated than a single answer.

    ATM Limits are a combination of:
    1) What bank 'owns' the ATM (the ATM owner sets the Transaction Limit)
    2) What Bank 'owns' your ATM Card (the card owner sets the Daily Withdrawal Limit)
    3) Is your Card from the same bank as the ATM (Banks often have different Limits and fees for account holders, 'in network' affiliate Banks, and other Banks)
     
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    JOHNNY B

    JOHNNY B DI Junior Member

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    You board members making a comment now on withdrawals from local banks with their atm cards
    is not the question it is if you have an international atm from another bank in another country not the philippines example canada i just use my canadian atm bmo bank card today and withdrew 39,000 pesos which is the equivalent of 1,000 canadian dollars with a one fee of p 250.
     
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    JOHNNY B

    JOHNNY B DI Junior Member

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    The reason is there used to be a 500 dollar a day withdrawal on your atm but it has been changed to $1000 that is why you can make a 1000 dollar equivalent withdrawal from international banks if they allow it the one i use he is from Taiwan.
     
  5. AlwaysRt

    AlwaysRt DI Forum Patron Highly Rated Poster Blood Donor Veteran Air Force Marines

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    What ATM were you able to to get p39,000 in one withdrawal? You mentioned your Bank but not what ATM you used.

    Go back up and read my comment again. It explains what the Different ATM Limits are, and who sets them. The comment covers International, National, and Same Bank Cards.

    ATM Machines do Not store your card information, there is no way for an ATM to limit your Daily Withdrawal. ATM's have Transaction Limits, Card Issuers set the Daily Limit (the Card I have lets me set my own Daily Limit, but has no say in Transaction Limits at other bank's ATMs).
     
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