There is an ATM payment limit, a daily and a monthly threshold not to be exceeded. Let’s see the differences between the banks and find out if there is an option to change the margin.
Spending limits, maximum tax thresholds, checks in the reasons for the transfers, verification of withdrawals are some of the operations implemented by the tax authorities to combat tax evasion. The traceability of payments and movements made by taxpayers has become a priority for the Revenue Agency and the attention on the part of all of us must always remain high. Being subjected to checks and inspections, in fact, is not pleasant and the risk of incurring penalties is high. In this uncomfortable climate, it is important to know which is the maximum amount for an ATM payment so as not to violate the general guidelines.
Each bank has an ATM payment limit
When it comes to ATMs, the greatest attention must be aimed at withdrawals. Each lender sets a daily limit that goes from 250 euros up to one thousand euros. In addition, it is necessary to consider the maximum monthly threshold which usually stands at 3 thousand euros but in some cases stops at 2.500 euro. Then, if you withdraw from the ATM, the limit is 250 euros per day.
By withdrawing figures higher than established, the ATM will stop working and no further payment will be possible. It will therefore be necessary to wait for the stroke of midnight to be able to reuse the card. Same goes for the monthly limit. Overcoming it, it will be necessary to wait The next month before you can withdraw again.
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How to avoid the withdrawal threshold
The withdrawal threshold can be circumvented by going to a branch of your bank and withdrawing directly from the current account. You will need to have your reference Pin and date of birth at hand. It’s possible delegate third parties to carry out the operation but care must be taken because it is not always allowed.
A second way to exceed the daily or monthly limit is to refer to the double circuit. Each debit card runs on two different circuits, national and international. We are talking about Bancomat and pagobancomat and Mastercard, Mastro and Visa. Such circuits are cumulative in such a way as to increase the sum to be withdrawn by ATM.
Finally, remember that it is possible ask your bank to change the threshold and to raise it. Not all institutes allow this “privilege” so it is advisable to make an appointment to verify the feasibility of the operation.
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