Maximum cash withdrawal

Answer 1

If you have a personal checking account at a bank in the USA your Financial Institution (FI) may have policies governing the amount of money you can take out at one peticular time. You obviously can't walk in to the bank and request that all of your one hundred thousand dollars be presented with out any prior warning. Every bank's branch suites the needs of its community; if it's members routinely ask for large amounts of money at one time it will keep alot on hand to services their needs. However, many FIs now require customers to sign Large Cash Withdrawal notices thereby eliminating liability if you were to walk away from the branch and your cash was lost or stolen. Your best bet is to call your FI and ask if they require notice of large cash withdrawals.

Answer 2

It depends on:

1. How much money you have in your account and
2. How you plan on withdrawing the money

You can usually withdraw any amount up to the balance in your account. You can do this by just visiting your bank branch and submitting a withdrawal request. But, if you are using an ATM, there are daily withdrawal and cash dispensing limits and hence the amount you can get might be limited to your bank balance or the daily withdrawal limit. Usually this withdrawal limit is Rs. 25000 or Rs. 50000 depending on the bank and your account type.

Actually, there is a limit of how much cash you may take out of the bank regardless of your account balance. There is also a limit as to the amount of cash you may receive without notice to the bank. Example: if you sell your house and get a $50,000 cashiers check from the attorney at closing. You CAN NOT walk into the bank and demand cash. Smaller branches do not have that much money, they have to order it from the Reserve which can take several days.

Answer 3

It depends on:

a. How much money you have in your account and

b. How you plan on withdrawing the money

You can usually withdraw any amount up to the balance in your account. You can do this by just visiting your bank branch and submitting a withdrawal request. But, if you are using an ATM, there are daily withdrawal and cash dispensing limits and hence the amount you can get might be limited to your bank balance or the daily withdrawal limit. Usually this withdrawal limit is Rs. 25000 or Rs. 50000 depending on the bank and your account type.