Each bank has its own limits depending on the type of client, and whether they withdraw from their own branch or from another entity. For example, there are some that allow ATM withdrawals of up to $1,000,000.
With the beginning of 2025, Argentine banks announced news that will benefit those who need cash on a recurring basis for payments or commercial activities. The new measure allows the daily extraction limits to be significantly increased in ATMs.
Each bank has its own limits depending on the type of client, and whether they withdraw from their own branch or from another entity. For example, there are some that allow you to withdraw up to $1,000,000 through an ATM.
ATMs: how much is the maximum withdrawal limit
Weeks ago, one of the last banks to report changes was Banco Nación, which raised the limit to $500,000. This change responds to the growing demand for liquidity due to inflation and the circulation of high-denomination bills, such as the recent $20,000 bill.
By way of illustration, Galicia Bank offers the possibility of extracting up to $400,000 per day at their ATMs. In case of taking out in the Self-service Terminals With the Galicia Token of the application, the amount rises to one million.
Meanwhile, the Santander Bank has a wide range: for debit cards for certain accounts, the maximum is $600,000. However, they count them Platinum and Black can draw up to $1,000,000 and SMEs amount to 2.5 million pesos.
How to use ATMs correctly
The Central Bank of the Argentine Republic (BCRA) prepared a guide of recommendations for the correct use of ATMs throughout the country. Below are the most important points:
- Keep in mind that carrying out operations at another bank’s ATMs it has a costand varies depending on whether it is from the same network or another.
- Operations are not just money withdrawals, they also include find out your account balance or pay for a serviceamong others.
- Keep in mind that ATMs have withdrawal limits per day.
- You can modify the cash withdrawal limitraising it if the volume handled daily is high, or lowering it for security reasons or other reasons.
- If when withdrawing money there are differences between the receipt issued by the ATM and the amount actually withdrawn, contact the bank that issued the card so they can solve the problem. Likewise, if your card is lost or stolen, immediately report the situation to the bank.
- When making a deposit, be sure to insert the envelope containing the cash or checks and the first receipt issued by the teller during the processing of that transaction into the corresponding slot. It is advisable to keep the receipt that the machine provides at the end of the operation; to make a possible subsequent claim.
- Avoid using ATMs when abnormal messages or operating situations are encountered.
- It is advisable periodically modify the access code or personal key or password (“password”, “PIN”) and memorize it instead of writing it. That key should not be your personal address, date of birth, or other number that can be easily obtained from documents kept in the same location as the card.
- To the operate at an ATM think about personal safety. Avoid typing your personal password in the presence of unknown people, even when they intend to help, or provide the card to third parties.
- Remember to remove the card at the end of the operations.
Source: Ambito
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