Thinking of opening a new savings or checking account? One of the things to consider when you’re trying to decide which bank to use is the limit they put on the amount you can withdraw or deposit at an ATM.
If you typically deposit or withdraw significant amounts of cash, you want to make sure you can do so in a way that suits your needs. Understanding how much cash you can withdraw from your GTBank checking or savings account at an ATM, and what to do if you need more, will help you better manage your money.
Here’s what you need to know about the GTBank ATM withdrawal limit and deposit limit.
- What Is the Maximum Amount of Money I Can Transfer/Withdraw From GTBank?
- What Is the Maximum Transfer Limit for GTBank?
- How to Know My GTBank Account Limit
- How Quickly Will Deposited Funds Be Available?
- How to Increase GTBank Transfer and Deposit Limits
- How to Get Cash If You’ve Reached Your Withdrawal Limits
What Is the Maximum Amount of Money I Can Transfer/Withdraw From GTBank?
The GTBank daily ATM limit for a checking or savings account is N100,000 for USSD/ATM, and N500,000 with the mobile app. This can vary depending on a number of factors, including the type of account or card you have and the amount the ATM is able to dispense.
The amount also depends on how much you have in your account, of course, and whether or not you have overdraft protection.
What Is the Maximum Transfer Limit for GTBank?
There is no GTBank deposit limit for deposits made in GTBank, although there might be a limit to the number of bills or checks you can deposit in a single transaction when using an ATM or the USSD code.
How to Know My GTBank Account Limit
1. Open GTWord mobile app on your phone.
2. Tap on the “Transaction” tab.
3. On the next page you’ll see your transfer limit.
How Quickly Will Deposited Funds Be Available?
The amount of time it takes for funds to be available for you to withdraw depends on the type of deposit.
When you deposit cash in a GTBank, the funds are available immediately.
When you deposit a check, all or part of the check might be available the next business day. However, GTBank might place a hold on the deposit that usually ranges from two to seven days.
If a check transaction is made after the daily cutoff time, on a weekend, the next business day counts as the first day. When you make a check deposit at a GTBank ATM, your receipt and the ATM screen will indicate if there is a hold on the deposit.
How to Increase GTBank Transfer and Deposit Limits
If you want to increase or decrease the amount of cash you can withdraw at a GTBank ATM, you can go into a branch and speak to a customer service representative or contact GTBank customer service to link your BVN to your banking account.
You can also increase your ATM withdrawal limit through Online Banking or in the mobile app.
To request an increase in your ATM withdrawal limit online:
1. Sign in to Online Banking
2. Choose the appropriate account
3. Go to the ‘Transfer’ tab and choose “Increase Limit”
4. Tap on “Change limit”
5. Select “Set daily transaction and ATM withdrawal limits”
To change your limit on the mobile app:
1. Sign in to the mobile app.
2. Select Menu
3. Go to the ‘Transfer’ tab and choose “Increase Limit”
4. Tap on “Change limit”
5. Select “Set daily transaction and ATM withdrawal limits”
You can transfer up to N10000000 with your GTBank mobile app.
How to Get Cash If You’ve Reached Your Withdrawal Limits
If you have reached the ATM/USSD withdrawal limit on your GTBank account but still need cash, don’t despair. There are other ways to get cash:
Get Cash Back at a Point of Sale
If you use your debit card at a store, you can often get cash back when making a purchase. This is common at grocery stores, pharmacies, and other retailers. When you use your card to pay, there may be an option on the PIN pad asking if you want cash back. Select yes, or the amount you want, and the register will dispense the cash. The debit withdrawal limit at a point of sale depends on the store.
Withdraw Funds From Another Account
If you have a savings account at GTBank, it will have a separate withdrawal limit from your checking account. Beware of the number of transactions, though. You can only make a number of withdrawals or transfers in each statement period without incurring a fee.
Cash a Check
If you have a check made out in your name from someone else, you can take it to a branch and cash it there. As mentioned earlier, you can do this by phone, in person, or by using Online Banking or the Mobile App.
This content is not provided by GTBank. Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author alone and have not been reviewed, approved, or otherwise endorsed by GTBank.