The daily amount that you can withdraw from an ATM depends on what bank you're with and the type of account you have.
With a Monzo account, all UK cash withdrawals and payments are free of charge. There's a daily ATM withdrawal limit of £400 in the UK and a monthly limit of £5,500.
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How much cash can you take out of ATM in the UK?
As people make contactless debit card payments more and more, ATMs around the UK are shutting down, with almost 300 shutting every month.
However, the cash withdrawal limit that you can take out of an ATM in the UK is largely dependent on the bank you’re with and the type of account you have.
With a Lloyds and Halifax account, the cash withdrawal limit is up to £500 a day whereas for Barclays (if you’re a personal customer with a current account), your daily limit on a debit card is only up to a maximum amount of £300. For premier customers with Barclays, you can withdraw up to £1,000 whilst business customers can withdraw up to £750.
For most Nationwide account holders, the maximum cash withdrawal limit is also £500, however for their Smart Card and FlexOne account holders, it is £300.
NatWest and RBS also have a daily cash limit based on what kind of account you have. Those with Student, Graduate, Savings or Adapt Accounts can withdraw up to £250 cash daily, whilst those with Foundation, Select, Reward, Silver or Platinum accounts have a maximum cash limit of £300. Black account holders can withdraw £700 cash from an ATM.
TSB account holders have a max limit of £200 a day and if you are with Santander and HSBC and hold a 'Bank' account, your maximum limit is up to £300 a day. For HSBC Advance customers, you can withdraw £500 and for HSBC Premiere and Jade, the limit is £1,000.
What is the maximum withdrawal from a cash machine?
The maximum withdrawal from a cash machine depends on the bank you have and the account you have.
How can I take out cash on a Monzo card?
Cash can be taken out on a Monzo card like any other bank. You can use your Monzo card at any Mastercard ATM. All UK cash withdrawals and payments are free of charge and the daily ATM withdrawal limit is £400 in the UK. There’s a monthly limit of £5,500.
If you’re using Monzo abroad, you don’t have to notify us and there’s no charge for spending on your card or making online payments in another currency. For countries in the European Economic Area (EEA), there are no fees to make a withdrawal, and we'll pass on the Mastercard exchange rate. For other countries, you can withdraw up to £200 without being charged while you’re abroad and after that a 3% charge is applied. Here's how to make the most out of your money while abroad.
Setting up a new bank account? Whether it’s your first time or you’re looking to try out a new bank, we’re here to walk you through all the stages of opening a bank account.
This post was published on November 2nd, 2019