Do Debit Cards Have A Transaction Limit Or A Daily Limit?
How do limits work on most debit cards?
Is the limit on the daily transaction? Or on the transaction itself?
If the limit is said to be $1000, then does this mean that you can only use $1000 in a day.....or does it mean that you can use $1000 in one transaction and then use another $1000 in another transaction in that same day?
- STEVEN FLv 77 months agoFavorite Answer
IF there is a limit, it is per day.
That said, it would be EXTREMELY unusual to have a limit on purchases.
More than likely the $1000 is a daily ATM WITHDRAW limit, which actually applies to the account, not the card.
- DEBSLv 77 months ago
That would be up to YOUR bank. Not all banks have the same rules. No all accounts at the same bank have the same rules.
- RICKLv 77 months ago
My guess is per day on cash withdrawals
I've never seen a card with a single transaction limit (up to your balance of course)
- Anonymous7 months ago
I've never spent anywhere near the limit. I know cash withdrawals have a daily limit. Maybe $300? I have not used an ATM in over 15 years.
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- Barkley HoundLv 77 months ago
The limit is on a cash withdrawal.
- martyLv 77 months ago
That would be $1000 a day