ATM withdrawl doubt !

Status
Not open for further replies.
M

MAGNeT

Inactive
Galvanizer
Well i have an ATM card of one of our business client through which i have to withdraw cash

Now i have to withdraw around 50k cash in 3 days interval

Now the problem

ATM is of Union bank of India branch

The atm located near my place is not working as machine is under repair

I have withdrawn 10k on 1st day from SBI ATM

Now i want to know can i withdraw same amount 10k(which is the limit for 3rd party cash withdraw)from other ATM ard my place(like AXIS,HDFC,ICICI,CAnara excluding SBI)

or

The 10k is the overall 3rd party limit of the card itself within a month (irrespective of the bank)

I have to avoid the extra service charge

Union bank site doesnt mention the exact address of other ATM around my area(or i guess thats the only ATM at my place) ......
 
The limit is per day. However, after 5 transactions on other bank's ATM per month, you'll be charged from the 6th withdrawal onwards, for using other bank's ATM.
 
10 K is limit for one transaction and per day limit generally is 25 K. It means you can do 3 transactions to withdraw 25 K in one day(10+10+5)

(I have used HDFC and ICICI for the same)
 
MAGNeT said:
And what 10k..is that per day limit or overall month limit?
Click to expand...

well, if you are so suspicious about charges then why not withdraw from your Bank's ATM ? I am sure Union bank will have other ATM in mumbai.

Regarding policy on withdrawing from Other banks ATM. I only know about limit in terms of no of transaction in month. never heard of limit of total amount.
 
Extending the OPs question, please let me know about the following:

THis might sound silly, but suppose the 50K needs to be withdrawn today itself. Can I withdraw 10K x 2 times from SBI ATM, 10K x 2 times from UBI ATM and 10K x 1 time from ICICI ATM within the same day..? In other words, is the 25K daily limit linked to the bank account or is it related to the ATM machine?
 
hp-india said:
Extending the OPs question, please let me know about the following:

THis might sound silly, but suppose the 50K needs to be withdrawn today itself. Can I withdraw 10K x 2 times from SBI ATM, 10K x 2 times from UBI ATM and 10K x 1 time from ICICI ATM within the same day..? In other words, is the 25K daily limit linked to the bank account or is it related to the ATM machine?
Click to expand...

Its linked to the Bank A/c, though if in desperation and within first half of the day, you can always go the bank branch and withdraw the money, there is no way of crossing Day limit through ATM's.......
 
hehe, but then there is a paper trail of payment to a different party.

Notice the mode of payment here, use my ATM card :)
 
hellfire said:
You've to withdraw cash from somebody else's card?:boxed:
Click to expand...

Read my 1st post thrice(card is of our business client who stays out of station and its risky for him to carry cash so he deposit money in his local bank and has given atm card to withdraw

An ways i figured it out

its like this card can be used at max 5 times on 3rd party ATM in a month with max withdrawl limit a day as 10k..i tried 15k but atm refused to give cash
 
coolraghav said:
magnet, why don't you get self cheque written ?
Click to expand...

Sorry but the client doesnt wish to shows the entry as trade(or why he paid the guy(me))...might be showing as personal use.....small businessmen

:)

And the person above i didnt got offended...mood was at another level...anyways take care all

and thanks for all the help
 
Drawing from different ATMs in a day in short interval of time may raise curiosity with the bank.
 
Roxtin said:
Drawing from different ATMs in a day in short interval of time may raise curiosity with the bank.
Click to expand...

Ya but its not allowed
or allowed untill at max u withdraw 10k

Above that it wont allow u how many banks u change
 
Status
Not open for further replies.
Top Bottom