Bank of America has issued an important notice to its customers in the United States about the use of ATMs. The entity has reminded them of the current restrictions on cash withdrawals and has alerted them to possible frauds that could affect unsuspecting users.
Urgent Notice from Bank of America: Cash Withdrawal Limits
The bank has set a standard daily limit of $1,000 for ATM withdrawals. This limit may vary depending on the type of account, the customer's relationship with the bank, and the availability of funds. Additionally, ATMs may have restrictions on the number of bills they dispense per transaction, generally up to 60 bills.
Although the daily ATM limit is $1,000, customers who need to withdraw larger sums can go to a Bank of America branch. There, it is possible to make withdrawals of up to $5,000 daily with a debit card, provided the account allows it. It is also possible to request a temporary increase in the withdrawal limit by contacting the bank's customer service.
Warning About ATM Frauds
Bank of America has warned about an increase in ATM-related scams. In a recent case, a customer in Boston was the victim of a fraud in which an individual tricked her into inserting her card and PIN again, allowing the scammer to exchange her card for another and withdraw $12,000 from her account in several transactions.
The bank has reiterated its commitment to refund customers for unauthorized transactions but emphasizes the importance of being alert and not accepting help from strangers at ATMs.
Customers Consider These Restrictions a Nuisance
Some customers have expressed their frustration with the withdrawal limits, considering them a nuisance, especially in emergency situations or when large amounts of cash are needed. However, Bank of America keeps that these restrictions are security measures designed to protect customers' accounts and ensure the availability of cash at ATMs.
It is crucial that Bank of America customers in the United States are informed about the rules and restrictions related to ATM cash withdrawals. Understanding the established limits, knowing the available exceptions, and being alert to possible frauds are essential steps to protect their finances and avoid inconveniences.