How much can you withdraw from an ATM?

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The daily amount that you can withdraw from an ATM depends on what bank you're with and the type of account you have.

All UK cash withdrawals and payments are free of charge for Monzo Plus customers. There's a daily ATM withdrawal limit of £400 in the UK and a monthly limit of £5,500.

If you're not subscribed to Monzo Plus, you'll get more allowances if you rely on Monzo more. For example, if you are:

  • Paying in at least £500 every 35 days to a Monzo account and have at least one active Direct Debit on that same account, or

  • Getting a Department for Work and Pensions or Department for Communities’ payment (like Universal Credit or a state pension) into a Monzo account every 35 days

  • Getting your student loan paid into a Monzo account every 8 months

  • Sharing a Monzo Joint Account with someone who does one of the above

If you’re meeting at least one of these criteria, you won’t need to do anything to get bigger allowances, we’ll do this automatically for you. Please see our full rundown of fees here.

It takes minutes to open a Monzo account. Find out more about opening a current account with Monzo and give it a try today! 💰

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.

Making a withdrawal with a credit card will vary depending on the provider. You should bear in mind that these withdrawals are often called a "cash advance", and will acquire interest differently than if you were making a card purchase. Please consult your credit card's terms and conditions.

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?

Take cash out with a Monzo card, just like any other bank. You can use your Monzo card at any Mastercard ATM.

If you’re using Monzo abroad, you don’t have to tell us and there’s no charge for spending on your card or making online payments in another currency. If you're using Monzo Plus, there’s also no fee to take out cash from an ATM in the European Economic Area (EEA), including the UK.

Outside the EEA, you can withdraw £200 every 30 days. Or £400 if you have Monzo Plus, and £600 if you have Monzo Premium. After that, we charge a 3% fee.

If you're not subscribed to Monzo Plus, please see our breakdown of fees here.

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 September 20, 2020