The amount of cash you can withdraw from an ATM on a daily basis can vary depending on the type of bank account you have, your provider, and how much money you have in your account.
So, if you need to make a large withdrawal, it’s important to understand what these limits are.
Typical ATM withdrawal limits
As a general rule, most bank cards allow you to withdraw £250-£300 per day from an ATM. In some cases, this can rise to £500 per day.
Receive 1% cashback on everyday purchases capped at £15.
The Chase current account is free to open and comes with a host of benefits. The account comes with a debit card that you can use to withdraw cash both in the UK and abroad free of charge, and you can withdraw up to £500 per day. Spending on your card overseas is also free, plus you can earn 1% cashback on your card spending both in the UK and abroad for the first 12 months (up to £15 a month). What’s more, you can hold up to 20 separate accounts with Chase, allowing you to separate money for different expenses, and you’ll be able to open a savings account too.
Get a £20 welcome bonus when you spend your first £20 (T&Cs apply).
The Revolut Standard plan has no monthly fee and you can withdraw up to £200 (or 5 withdrawals) fee-free per month, as well as enjoy fee-free currency exchange on weekdays of up to £1,000 a month. Further benefits of the account include airport lounge access and the ability to earn one ‘RevPoint’ per £10 spent, turning card purchases into perks like air miles. The account is managed through the app which also offers budgeting features, and you can choose to round up your spending and transfer the difference to a savings pot. Note that this account doesn’t offer FSCS protection, but Revolut is FCA regulated and your funds will be held in a segregated account at a licensed UK bank.
Pros
Low overseas fees
Quick sign-up
Earn cashback on spending
Set budgets for financial goals
Virtual cards for online purchases
Easy to transfer money internationally
Linked 'Junior' account available for one child
Cons
1% currency conversion charge on weekend spending abroad
Free cash withdrawals in the UK and abroad both limited to £200 per month
Cannot deposit cash or cheques into the account
Charged a fee to receive your bank card
Minimum opening balance
£0
Account fees
£0
Overseas card transactions
0% Mon-Fri (max. £1,000 per month)
Overseas cash withdrawals
0% Mon-Fri (max. £1,000 per month) conversion fee plus cash fee of £0 up to £200 per month
You can open a Monzo account for free and manage it via the app. If Monzo is your main bank account, you can make unlimited fee-free cash withdrawals in the EEA and up to £200 fee-free every 30 days outside the EEA. For Monzo to be your main bank account, you need to meet certain conditions, such as having paid £500 into your account in the last 35 days and having at least one direct debit on the account. If this isn’t the case, you can withdraw up to £400 fee-free in EEA countries and £200 fee-free outside the EEA every 30 days. You can also spend on your card for free in the UK and abroad.
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 39% EAR variable.
Pros
Easy to set up
Good for budgeting and categorising spending
Automatic saving feature
Fee-free spending abroad
Slick app with face login
Overdrafts and loans available
Cons
Free ATM withdrawals outside the EEA limited to £200,
£1 fee for depositing cash at PayPoints,
Maximum cash deposit of £1,000 every 6 months
No rewards program
Minimum opening balance
£0
Switch service guarantee
Yes
Account fees
£0
Overseas card transactions
0%
Overseas cash withdrawals
0% conversion fee plus cash fee of 0% on up to £400 per 30 days (3% thereafter)
If you open a Starling current account, you won’t need to pay a monthly fee, nor will you need to pay any fees when spending on your debit card or withdrawing cash in the UK or abroad. You can withdraw up to £300 per day from an ATM. The account also enables you to open different Savings Spaces to set aside money for different purposes, and you can round up your spending to the nearest £1 and have the difference transferred to one of your Spaces. It’s easy to manage the account via the app and there’s an optional overdraft available too.
Representative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 15% EAR variable.
Pros
Split any bill with a tap
24/7 customer support
Bill manager & instant alerts
Pays interest on current account balance
Cons
No branch network
Limited options for depositors
No competitive switch incentives if you switch your account
Limited product range compared to other banks
Lower ATM withdrawal limit than some other digital challengers
Some banks give you the option to set a higher withdrawal limit if you need it. For example, if you have a standard current account with Barclays, you can raise the daily limit from £300 to £500. Premier customers can increase the daily limit from £1,000 to £2,000.
You might be able to do this via your banking app, through online banking, by phoning your provider or speaking to someone in branch.
Other providers will only agree to a higher withdrawal limit in certain situations, and it will usually only be a temporary arrangement. Again, you must contact your provider to find out.
ATM withdrawal fees and charges
When you use your card to withdraw cash at an ATM, you might be charged a withdrawal fee of around 2% to 3%.
This is more common with credit cards than debit cards, but you should check the small print of your bank account to be sure – a 3% fee on a £300 withdrawal would cost you an extra £9.
Most ATMs are now free to use, no matter who you bank with. But there are still some ATMs that charge a small fee whenever you make a withdrawal – it should inform you of this before you take out your cash.
Keep in mind that it’s best not to withdraw cash on a credit card as you’ll be charged interest from the date of the transaction – even if you pay off the balance in full that month. This can make it very expensive, particularly on top of your withdrawal fee.
ATM withdrawals overseas
If you withdraw cash from an ATM overseas, you are more likely to be charged a fee, although again, this depends on your provider.
Many debit and credit cards charge fees of around 2.75% to 3% every time you make a cash withdrawal abroad. You might also be charged a fee from the ATM provider.
If your card provider has a bank branch, you could withdraw cash over the counter. You can usually withdraw up to £2,000 to £2,500 per day without giving notice. If you need to withdraw more than this, you must inform your bank in advance so the cash can be prepared. You will also need to bring a form of ID with you when you collect your cash.
If you don’t have a bank branch or an ATM near where you live, another option is to withdraw cash at a Post Office counter. However, your usual daily ATM withdrawal limits will apply.
Alternatively, some retailers, particularly supermarkets, still offer cashback when you pay at the checkout. Others offer the ‘cashback without purchase’ initiative that lets you withdraw cash without buying anything. The LINK and PayPoint scheme lets you withdraw up to £50, while the Barclays scheme lets you withdraw up to £100.
Bottom line
Most banks impose limits on the amount you can withdraw on your card from an ATM each day. This can vary depending on the provider and type of account, so it’s important to check.
If you need to withdraw a larger sum, you can usually do this over the counter if your bank has high street branches – though you may need to give notice first. Digital banks don’t provide this option.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers, including The Observer, The Mail on Sunday, The Sun and the Evening Standard. Rachel is a keen baker in her spare time. See full bio
This new account comes with cashback on direct debits, interest on the balance in your account and a regular saver with one of the best rates in the market.
Is Revolut’s app-only account the solution for you? Our review of this challenger banking brand explores the features and fees of its free Standard plan, and outlines the other Revolut accounts available.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
