Bank of America has issued an urgent notice about cash withdrawal limits at their ATMs, generating a wave of outrage among their customers in the United States. The institution has confirmed that, for security reasons, stricter restrictions are being set on the amount of money users can withdraw daily.
According to the information provided by Bank of America, the standard limit for ATM withdrawals is $1,000 per day or a maximum of 60 bills per transaction. However, these limits can vary depending on the type of account and the availability of funds.
Bank of America confirms it: this is the change at ATMs in the United States
Additionally, if an early withdrawal is scheduled through the bank's mobile app, the limit is reduced to $800. The main justification from Bank of America for implementing these limits is fraud prevention. By limiting the amount of cash that can be withdrawn, the bank seeks to protect their customers in case their cards are compromised.
Additionally, these limits help ensure that ATMs don't run out of cash, allowing more customers to access cash when they need it. However, many customers have expressed anger over these restrictions.
The $1,000 per day limit is mandatory: Bank of America makes it clear
In online forums, some users have expressed their frustration at not being able to withdraw larger amounts, even when they have sufficient funds in their accounts. For example, a customer tried to withdraw $2,500 for an urgent purchase, but the ATM denied the transaction due to the established limit.
Bank of America has informed their customers that these limits are mandatory and are part of their security policies. However, some customers have pointed out that they weren't properly informed about these restrictions, which has caused confusion and discontent.
There is an exception to the limit set at ATMs: pay attention to this
For those who need to withdraw larger amounts, the bank suggests visiting a branch and making the transaction with a teller. Additionally, it's possible to request a temporary increase in the withdrawal limit through online banking or the mobile app, although this request is subject to approval by the bank.
While Bank of America argues that these limits are a necessary security measure, many customers believe that the restrictions are excessive and affect their access to cash. The situation has sparked a debate about the balance between banking security and customer convenience in the United States.