Understanding the Withdrawal and Deposit Restrictions at U.S. Bank ATMs
Sometimes you need to deposit or withdraw a large amount of cash, but you either don’t want to wait in line at the bank or it’s after hours and the bank is closed. Most banks and ATMs have their own limits. Here’s what you need to know about withdrawing and depositing cash at a U.S. Bank ATM.
**Maximum Withdrawal Limit at a U.S. Bank ATM**
The maximum withdrawal limit varies depending on your account and your relationship with U.S. Bank. For many banks, daily ATM withdrawal limits start at $500. You can set your own ATM withdrawal limit through the U.S. Bank mobile app, as long as it falls within the bank’s minimum and maximum amounts.
**Maximum Deposit Amount at a U.S. Bank ATM**
Unlike withdrawal limits, deposit limits are usually not a major concern. The limit is not about the dollar amount but the number of pieces involved in each transaction. U.S. Bank states that the exact number of checks and bills you can deposit will vary by ATM. If you have more bills or checks than the ATM allows, you can make multiple transactions.
**Availability of Funds**
The availability of funds depends on whether you’ve deposited cash or a check, whether it required an envelope, and what time you made your deposit. At U.S. Bank, if you deposit by the cutoff time, typically 8 p.m., cash is available immediately. The first $225 of your check deposit is available right away, with the rest available the next business day. Deposits not needing an envelope are available the same business day if made by the cutoff time. If your deposit is in an envelope, it needs to be deposited by 6 p.m. and will be processed the next business day.
**Increasing U.S. Bank ATM Limits**
Most banks will increase ATM withdrawal limits upon request. Temporary limit increases, such as for travel or large purchases, are more common than permanent increases. Since U.S. Bank limits withdrawals based on your account type and status, each case is unique. You can call U.S. Bank at 800-USBANKS or visit a branch to discuss limit increase options.
**Good to Know**
U.S. Bank ATM limits are typical compared to other banks. Due to these card-specific limitations, it’s a good idea to withdraw cash during regular bank hours. Also, carrying more than one card can provide a backup plan for withdrawing cash when needed.
**Transfer Limits at U.S. Bank**
When transferring funds from your savings to your checking account, federal regulations generally allow up to nine withdrawals or transfers per month. However, transfers made at an ATM using a PIN do not count against this limit.
**Getting More Cash After Reaching Your Limit**
If you need more cash after reaching your ATM withdrawal limit, there are other options. You can ask for cash back during a point-of-sale transaction at stores. You can also withdraw from another account using a different card, or get a cash advance on a credit card. Additionally, you can request a limit increase over the phone with a U.S. Bank representative.