30,000. That is the approximate number of Navy Federal in-network ATMs in the United States.
In essence, there is almost certainly a Wells Fargo ATM wherever you look; but how much can you actually withdraw from these machines?
It’s not news that all banks place their users on specific withdrawal limits. For this reason, the question is: what is Navy Federal ATM withdrawal limit?
While Navy Federal has some of the most generous withdrawal limits in the United States, it doesn’t end there. You just don’t qualify for high limits automatically and you just don’t get to endure low limits.
Some workarounds might help you increase your withdrawal limits. Some accounts even restrict you from getting the general limits.
These and more are what I’ll be talking about in this fast-flowing article. Prepare a cup of coffee, if you have a few minutes to spare.
What are Withdrawal limits?
There are a lot of things you can joke about, the money in your bank account is certainly not one of them.
But imagine if someone got access to your debit card and its PIN. You can guess what will happen next; he’ll empty your account, right?
Except that’s not right, all thanks to ATM withdrawal limits.
There is a certain amount of money that you can withdraw from an automated teller machine before it starts to disobey you. The general name for this amount of money is the withdrawal limit.
All banks do have withdrawal limits, but not all bank withdrawal limits are the same. You get different limits across banks, accounts, and cards.
If you’re banking with Navy Federal and you want to know how much your withdrawal limit is, I’ve got you covered in this post.
Navy Federal ATM withdrawal limits
Navy Federal has different account types that offer diverse withdrawal limits. Your withdrawal limit depends on the type of account you’re holding.
While there is a limit on ATM withdrawals, you’re not locked down to this limit. You can temporarily, or permanently increase your limit if you have a good relationship with the bank.
That said, you should expect a $1,000 withdrawal limit as a Navy Federal account holder. This amount is the standard for most Navy Federal account holders.
However, this doesn’t mean you will be allowed to withdraw $1,000, no matter the account you’re holding. Your limits might be substantially less, depending on your relationship with the bank.
Also, your debit card limit is much higher than your ATM withdrawal limit, and you can always swipe your card at a retailer when you’re out of cash.
If you need cash so badly, you’re not out of luck. Some hacks might help you get more cash from your account without having to bow to the egotistical superiority of the automated teller machine.
How to withdraw Above Your Navy Federal ATM Withdrawal Limit
You’ve made multiple transactions and it now sums up to $1,000. You can’t get any more cash for that day, right?
Well, that’s not exactly right. Some hacks might help you temporarily raise the limit. Also, some won’t necessarily help you raise the limit, but will help you extract as much cash as possible from the ATM.
I know you’ll love to know about these hacks, here you go.
- Call your bank for an increase
Navy Federal is run by humans, and they understand that you might need some cash urgently. This is why they have a helpline. You can phone Navy Federal to request an increase if you can prove your identity.
However, the raised limits are usually temporary as it is unlikely that you will ever need $2,000 daily for the next two months; and in cash!
Whenever the machine rejects your card for over-withdrawing, remember that you can always phone the bank.
- Getting cash back at a store
While this might sound like an impractical way to increase your limit at first, you’ll find it extremely useful if you can use it perfectly.
While some stores limit the number of cashback you can get, there is no harm in using different stores to secure multiple cash backs. After a stressful day of getting cash-backs, you should have several hundreds of additional dollars baby.
However, your purchases and cashback count towards your debit card limit, and if you’re not careful, you’ll hit your limits pretty quickly; your debit card limit is only $3,000!
- Withdraw cash at a branch
The accessibility of ATMs made us forget so quickly that cashiers still exist. The good old cashiers are still there at various branches and are much more useful than an ATM.
You can only withdraw a thousand dollars from a Navy Federal ATM but there isn’t a limit for direct withdrawals the last time I checked.
Next time when you need some money, remember your bank has a branch, and you don’t have to go punching odd numbers onto a machine just to get some bucks.
Why ATM Withdrawal Limits Exist?
If you’ve read up to this point, you might conclude that Navy Federal bank introduced the concept of withdrawal limits solely for users’ inconvenience.
Well, this is far from being the case. Limits are very crucial for your account’s security. If someone accessed your account’s security numbers, they could keep withdrawing from your account till it’s empty.
Also, your bank mightn’t have enough money to give out $50,000 to everyone. With limits, your bank can evenly distribute funds between everyone who needs them.
It’s not communism, you still own all of your funds.
Navy Federal knows you own your money, and they know you have the right to it anytime.
However, they won’t give you all that at the same time, for some very explainable reasons; your money’s security, and your bank’s poverty.
If you need more money than you can get, you can phone your bank, get cashback or walk down to one of the numerous Navy Federal branches to get some unrestricted money.