Have you been unable to make an ATM deposit using your Chase debit card? Do you want to know why this happened and how you can avoid it in the future?
You’re not alone, many Chase customers have reported issues with making an ATM deposit from their cards.
It may be that you’ve reached your ATM withdrawal limit and are unable to add more funds to your account without contacting Chase customer service.
What Is The Maximum Deposit Limit For Chase ATMs?
The maximum deposit limit for Chase ATMs is $2,500 per day or $10,000 per month. This money is for the cardholder’s use only.
You can withdraw up to $250 at a time from your linked account by using any debit card or at an ATM.
You can also make deposits of up to $250 in cash or by check at a Chase branch location or customer service desk at select Walmart stores.
Keep in mind that this option may not be available on weekends and holidays. It will also depend on the store’s hours of operation as well as its proximity to you.
It is best to call ahead before heading out just in case some restrictions would prevent you from making a withdrawal or deposit during your visit.
Your ATM deposit limit is determined by the type of checking account you have, whether it’s personal or business.
Chase ATM Withdrawal Limit
The account holders of a Chase bank account have a maximum limit on the number of transactions that can be processed on any given day.
The standard daily transaction limit is $5,000 per business day. However, this amount may vary depending on the type of transaction and your level of access to Chase’s Private Client Banking services.
Generally, people who have signed up for Chase Private Client Banking will receive a higher daily transaction limit than those who do not qualify for these more exclusive services.
For example, members of the Chase Private Client group are permitted to withdraw an unlimited amount each day; whereas someone who does not belong to this group would only be able to withdraw $10,000.
Individuals who sign up for Chase Private Client Banking but wish to transact outside of their assigned limits may request a special service through the company that provides their banking services.
These two requests are different in how they work. A temporary increase in deposit limits can be requested by filling out paperwork that requires approval from both the account holder and their financial institution;
The second option -an extension on withdrawal limits- requires approval from just one party: either the bank or the customer.
How Much Can You Deposit?
Chase has a limit of $2,500 per day on deposits made at ATMs. If you need to deposit more than that amount, be sure to speak with a Chase representative for further information about how to proceed.
The company also has limits in place when it comes to making withdrawals and international transactions; it’s best to stay within the parameters of these restrictions if you want your account and funds to remain safe.
Keep in mind that there are certain exemptions to the rules depending on the type of transaction.
For example, up to $10,000 can be deposited at an ATM or online without penalty or withdrawal limitations for retirement accounts (such as IRAs).
Other exceptions include cashier’s checks and money orders up to $10,000. It is possible to make multiple deposits during the same business day but not exceed the daily maximum.
If you’re depositing large sums of money, make sure you have your routing number and account number handy for verification purposes.
These numbers will be printed on the front side of your check or provided by customer service if deposited through other means such as over the phone or Internet banking.
Are There A Limit To How Many Accounts You Can Have With Chase?
The Chase site does not mention anything about limits on the number of accounts that one person can have there.
There is no way to add a new account to your profile, but there are ways to get more than one checking account if you would like.
If you want a different type of account such as savings or retirement, you’ll need to go through customer service for those services. To do this, call the customer service line at 800-432-3117 and select option 1.
Then when you reach an agent, tell them what kind of account you would like and they will help walk you through it. For example, let’s say you want a retirement account.
You will be asked questions like how much money would you like to deposit and how often? And then it asks you how many withdrawals you think you might make in the year.
Do these withdrawals include contributions to an IRA or 401k? And finally, what type of investment options do you prefer?
If they’re trying to sell their financial products, let them know that’s not what interests you so they can direct your attention elsewhere.
How Quickly Will My Funds Be Available?
The availability of funds on deposit with Chase will depend upon the type of deposit and the deposit account in which they are deposited.
Funds deposited by checks can take up to ten business days for these funds to be available for withdrawal.
Transfers from Chase Savings or Checking accounts typically occur on the day of the transaction and are available immediately.
However, transfers from a credit card, line of credit, or another banking institution may take a few days.
Does Chase Have A Transfer Limit?
There is no limit to the number of times you can use your Chase ATM card to withdraw money, but when depositing funds at a Chase branch, you are limited by how much money you can deposit per day.
This is a safety measure that forces you to keep more cash on hand and less in your bank account where it could be stolen.
The limits for deposits vary depending on what type of Chase account you have:
For personal checking accounts, there is a $250 maximum daily limit; for Premier Plus Checking Accounts, there is an unlimited daily withdrawal limit;
for business accounts with Business Savings and Select Checking accounts, there is a $2,500 maximum daily withdrawal limit.
READ MORE: Wells Fargo ATM Withdrawal Limit
Conclusion
In this article, we had an in-dept look at the Chase ATM deposit limit plus other vital information important to you. Use the comment box to drop your question and one of our editors will attend to you.