Banking has never been as straightforward as it should be. At times, it can get downright confusing, especially when it comes to fees and limits.
Unfortunately, Chase is no exception, but we’re here to help as best as we can.
In this guide, we’ll talk about Chase spending limits, ATM withdrawal limits, and how to discover yours.
Are There Spending Limits for Chase Debit Cards?
Every bank has spending limits, so yes, you will have a limit on your Chase Debit Card.
Chase typically has a $3,000 per day maximum purchase limit for its debit card holders. However, your limit may be as low as $500, depending on the bank’s determining factors.
How Do I Know My Debit Card Withdrawal or Spending Limits?
It would be wonderful to have a clear answer to this question, wouldn’t it? We would love to tell you to open up the Chase app and look at your limits.
Unfortunately, it’s not quite so simple. Instead, you’ll likely need to make a phone call.
According to the Chase website, your limits were specified in the details given to you when you signed up for your card. In all likelihood, they were in the several sheets of paper that came in the envelope with your card. You still have those, right?
If you don’t, all hope is not lost. You can still call Chase’s customer service line or go into your local branch. They’ll be able to give you your specific limits.
Chase Debit Card Spending Limit
Many Chase debit card holders enjoy a spending limit of up to $3,000 per day.
This includes both signature and pin purchases. It also includes any cashback you choose to get at the register.
However, other customers might have a limit as low as $500. This can often happen with new accounts and if other requirements are not met.
Regardless of how high or low your spending limit is, you might be able to get it increased – at least temporarily. Let’s say that you are attempting to put a down payment of $5,000 on a car, but your limit is only $3,000.
In most cases, if you call the customer service department and explain what you’re trying to do, they can authorize an increase for that specific purchase – as long as the money is available in your account.
If they are not able to help you with a temporary increase, you might save a lot of trouble by simply taking a trip to your local Chase branch or using an ATM. You can simply withdraw the money you need, usually without it counting toward your daily spending limit. This is good, as you’ll still need to get fuel and insurance for that new car.
Chase ATM Daily Withdrawal Limit
ATM withdrawal limits can get a bit tricky with Chase, as it depends on the ATM you use. If you go to an actual in-branch ATM, you can withdraw up to $3,000 – unless your limits are lower.
If you go to a Chase ATM that is not at the branch, you’ll likely only be able to withdraw $1,000. And if you use an ATM not connected to Chase, you shouldn’t expect to get more than $500.
So what do you do if you need more? Assuming you haven’t met your spending limits for the day, you can always get cashback when you make purchases at places like Walmart or your local grocery store.
Your cashback limit will depend on the amount you have available in your account, your personal Chase spending limit, and the amount that the retailer allows. In most cases, you can get up to $100 back per purchase.
And, of course, you can always go into your local branch to withdraw more money if you need it. This can be an inconvenience, but sometimes it’s necessary.
Now you have an idea of your spending and ATM withdrawal limits for your Chase debit card, which is a really good start.
However, you don’t want to expect one thing and get an unwanted surprise at the register. Make some time in your schedule to either call the Chase customer service department or visit your local Chase branch.
Find out what your specific limits are so that you never have to worry about being declined at checkout.