Can You Withdraw Cash From a Different Bank?

Withdrawing cash from a bank different from your own is a common practice for individuals needing funds when their primary bank or ATM is not conveniently located. While this offers flexibility, understanding the various methods and potential costs involved is important.

Accessing Cash Through ATMs

Using an Automated Teller Machine (ATM) belonging to a different bank is a common method for cash withdrawals. Most U.S. ATMs are part of large interconnected networks, such as Plus, Cirrus, Star, NYCE, or Allpoint. To use your debit card, look for these network logos on the machine, matching those on your card.

The process for withdrawing cash at an out-of-network ATM is similar to using your own bank’s machine. Insert your debit card, enter your Personal Identification Number (PIN), select the withdrawal option, and input the desired amount. The ATM will then dispense the cash, provided sufficient funds are available and the transaction falls within established limits. This widespread network access ensures cash remains readily accessible even when traveling.

Teller Withdrawals at Other Banks

Withdrawing cash directly from a teller at a bank where you do not hold an account is more restrictive than using an ATM. Banks are not obligated to cash checks or provide direct cash withdrawals for non-customers. However, many banks may cash a check drawn on their own institution, often called an “on-us” check, for a non-account holder.

To complete such a transaction, you will need to present a valid government-issued photo identification, such as a driver’s license or passport. The teller will verify your identity and confirm sufficient funds are available in the account on which the check was written. Direct cash withdrawals from your account at a different bank’s teller, without a check or an existing account relationship, are generally not permitted.

Understanding Associated Fees and Limits

Withdrawing cash from a different bank often involves various fees and is subject to specific limits. When using an out-of-network ATM, you typically encounter two distinct charges. One is an ATM surcharge, a fee levied by the ATM owner for using their machine, averaging around $3.19. This charge is usually displayed on the ATM screen before you finalize the transaction.

The second fee is an out-of-network fee, which your own bank may charge for transactions outside their ATM network, averaging approximately $1.58. The combined average cost for a single out-of-network ATM withdrawal is about $4.77. For in-person check cashing at a bank where you are not an account holder, fees can vary, with some banks charging a flat fee, such as $7.50 to $8. Retailers offering check-cashing services also impose fees, for example, $4 for checks up to $1,000 and $8 for checks over $1,000 up to $5,000.

Beyond fees, withdrawals are also subject to limits. Your bank sets daily ATM withdrawal limits, which typically range from $300 to over $1,000, though some premium accounts may allow up to $5,000 per day. These limits are in place for security reasons and to ensure ATMs maintain sufficient cash reserves. The specific ATM you use might also have its own per-transaction limit, regardless of your bank’s daily allowance.