Automated Teller Machines (ATMs) come with withdrawal limits. Today, we are reviewing the Wells Fargo daily ATM withdrawal limit. It is important to note that the Wells Fargo daily ATM withdrawal limit varies depending on the kind of account one is operating with Wells Fargo.
As we look into the Wells Fargo daily ATM withdrawal limit, many would wonder why limits are placed on most, if not all, banking transactions. The Wells Fargo daily ATM withdrawal limit and other banking limits you know of are imposed to curb fraud and theft. Financial institutions and their customers have been victims of theft in varying dimensions. In the last decade, banks have decided to step up their fortification to stop the advance of these criminals.
Another vital point to note as we progress in this Wells Fargo daily ATM withdrawal limit review is that the limit is based on the kind of account you are operating. For example, a savings account will have a different limit from a corporate account. Therefore, do not be surprised when you see your Wells Fargo daily ATM withdrawal limit different from another customer’s.
ATM withdrawal limits are critical as it is easy to steal funds from an account without interruptions from the bank or the account owner. For example, if you walk into a bank and try to take all the money from an account, the bank would verify if it’s you trying to make the withdrawal. Once the cashier notices any shady movements, they quickly alert security personnel and other senior banking officials. But with an ATM, there is no chance of stopping such a move except with a daily ATM withdrawal limit.
Without further ado, let’s look at what the Wells Fargo daily ATM withdrawal limit is.
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Wells Fargo Daily ATM Withdrawal Limit
The Wells Fargo daily ATM withdrawal limit is $350. As a Wells Fargo customer, you cannot withdraw more than this amount from the Wells Fargo automated Teller Machines per day. The $350 Wells Fargo daily ATM withdrawal limit is the same for all accounts in the United States.
Wells Fargo has over 16,000 Automated Teller Machines (ATMs) around the United States. In every location where a Wells Fargo Automated Teller Machine is, you can withdraw not more than $350 as that’s the Wells Fargo daily ATM withdrawal limit for all customers.
Although the spending limit for Wells Fargo customers is $1,500, it is surprising to see that the daily ATM withdrawal limit is as low as $350. Wells Fargo is undoubtedly offering the least daily ATM withdrawal limit among banks in the United States. Let’s make a brief comparison.
Wells Fargo Daily ATM Withdrawal Limit vs Bank of America
Bank of America, the 2nd largest bank in the United States, allows its customers to perform up to $1,000 ATM withdrawals in a single day. That is $750 more than the Wells Fargo daily ATM withdrawal limit.
Wells Fargo Daily ATM Withdrawal Limit vs CitiBank
For CitiBank, the withdrawal limit is $2,000. It is similar to the daily ATM withdrawal limit for Bank of America, which is $750 more than the Wells Fargo daily ATM withdrawal limit.
However, if you are not operating the Citigold Account Package or the Citi Priority Account Package, your ATM withdrawal limit will be $1,000. Only users of the account mentioned above can enjoy the $2,000 daily ATM withdrawal limit by Citibank.
Wells Fargo Daily ATM Withdrawal Limit vs Chase Bank
Chase Bank is America’s biggest bank, and you would typically expect its ATM withdrawal limit to be more than what Wells Fargo offers. However, I discovered Chase Bank offers a daily ATM withdrawal limit more than every other bank in the United States from the research I conducted.
While the Wells Fargo daily ATM withdrawal limit is $350, Chase Bank offers its customers a daily withdrawal limit of $3,000. Every Chase Bank customer can withdraw up to $3,000 from Chase Bank ATMs countrywide.
Having known this, I would like to show you how to Increase the Wells Fargo daily ATM withdrawal limit.
How to Increase Wells Fargo Daily ATM Withdrawal Limit
There is no gainsaying that the Wells Fargo daily ATM withdrawal limit is too small. No big spender will be excellent with a $350 daily ATM withdrawal limit, and even when we know this withdrawal limit was placed to curb fraud, it can be inconvenient at some point.
To increase your Wells Fargo daily ATM withdrawal limit, call your bank’s customer care and demand an increase. You will find a number you can call at the back of your card.
If it’s possible to increase your ATM withdrawal limit, the bank representative you are speaking with will inform you and provide the steps you should take to increase your Wells Fargo daily ATM withdrawal limit.
Brief Overview of Wells Fargo
Wells Fargo was a diversified financial services company before it was incorporated into a bank holding company on January 24, 1929. The bank currently has three operating segments: wealth & investment management, community banking, and wholesale banking.
Wells Fargo provides a wide range of retail, commercial, and corporate banking services through its banking locations and offices scattered across the United States. Additionally, the bank offers internet banking to ease the process of banking for its esteemed customers.
Furthermore, the bank provides financial services through its subsidiaries such as consumer finance, equipment leasing, wholesale banking, commercial finance, agricultural finance, securities brokerage, mortgage banking, and investment banking.
Wells Fargo has its administrative facilities at various locations, which includes Phoenix, Austin, Texas, Oregon, Arizona, San Francisco, California, San Jose, California, Greenwood Village, Colorado, Littleton, Colorado, Rochester, Minnesota, St. Louis, Missouri, Las Vegas, Nevada, and Portland.
There are about thirteen thousand Automated Teller Machines (ATMs) and six thousand retail banking stores in the United States.
To sum up this post, Wells Fargo daily ATM withdrawal limit is $350 while the daily spending limit is $1,500. Increasing your limit is subject to approval from the bank.