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?

6 Answers

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  • 7 months ago
    Favorite 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.

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  • DEBS
    Lv 7
    7 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.

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  • RICK
    Lv 7
    7 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)

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  • Anonymous
    7 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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  • 7 months ago

    The limit is on a cash withdrawal.

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  • marty
    Lv 7
    7 months ago

    That would be $1000 a day

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