Bank of America in El Centro with Drive-Thru ATM | El Centro (2024)

FAQs

Why did Bank of America stop drive-thru? ›

In recent weeks, Bank of America Corp. (BAC) announced it was closing some drive-through teller services in areas where usage has been low in a broader effort to respond to customer behavior shifts.

Examples of ATM withdrawal limits at well-known banks

Bank of America: The maximum daily withdrawal amount using an ATM is $1,000 and cannot exceed 60 bills in one transaction. The limit is $800 for ATM withdrawals set up in advance using the bank's mobile app.

User reports indicate no current problems at Bank of America

Clients can review their account balances and transactions, deposit checks and tranfer money through online banking and mobile banking apps for iPhone, iPad, Android, Windows Phone, Blackberry, Kindle Fire and other mobile operating systems.

You can use your Bank of America debit card or ATM card anywhere you see the CIRRUS symbol. In addition to CIRRUS, you can use ATMs with the Mastercard or Visa symbols. The symbol on the front of your card will indicate if your card is Mastercard or Visa.

The bank is adjusting to the reduced demand for in-person services, which has led to the closure of some branches and the opening of others. The aim is to reduce the number of low-traffic offices. Unfortunately, this means that clients may have to travel longer distances to reach their nearest branch.

In July 2023, the CFPB and the Office of the Comptroller of the Currency (OCC) ordered Bank of America to pay over $200 million for illegally charging junk fees, withholding credit card rewards, and opening fake accounts.

How ATM withdrawal limits vary. Most banks and credit unions will let you take out between $300 to $3,000 daily at ATMs, but your limit ultimately depends on your account type and your relationship with the financial institution.

Examples of ATM withdrawal limits

ATM withdrawal limits vary by bank and the ATM network. Bank of America, for example, advertises a $1,000 maximum daily withdrawal limit, or a maximum of 60 bills, for most accounts. Allpoint ATMs, on the other hand, don't impose a specific withdrawal limit per day.

Cash withdrawal limits tend to be somewhere between $300 and $1,500 per day, says Ken Justice, head of ATMs at PNC Bank, although the exact amount varies by bank. "These limits are typically set for security reasons and to protect customer accounts," he says.

Overall, Bank of America appears to be in a relatively healthy financial position and is not currently in imminent danger of collapse. However, as with any financial institution, there are always risks involved, and customers and investors should always monitor the bank's financial health and risk profile.

Is Bank of America safe right now? ›

15,000+ ATMs in the U.S. 15,000+ ATMs in the U.S. Bank of America is just one place below JPMorgan Chase on both the 2023 G-SIBs list and the Federal Reserve's list of the largest U.S. banks, which is why it was chosen in our research as one of the safest banks. The bank's security features also helped it score highly.

The majority of the Indian banks' withdrawal limit per day ranges between Rs. 20,000 to Rs. 50,000 from an ATM. In addition, the maximum ATM withdrawal limit per day depends on your account type and banking specifics.

People often think that that the fault is in the ATM machine. But that is not always the case. The reason behind this could be many such as technical error, suspicious transactions, debit expiry, withdrawal limit, a mismatch in AVS and CVV, etc.

As a Bank of America account holder, you don't incur fees for withdrawals, transfers or balance inquiries at ATMs displaying the Bank of America name and logo. (Cash advance fees may apply to credit card accounts; please see your credit card agreement for details.)