If you’re a Commonwealth Bank customer, you may be wondering how much cash you can withdraw from a branch. This article will explain the withdrawal limits at Commonwealth Bank and provide an overview of your cash access options.
Withdrawal Limits at Commonwealth Bank
At Commonwealth Bank, the amount of cash you can withdraw from a branch depends on the type of account you have. For personal accounts, the maximum daily limit is $3,000, while business accounts have a daily limit of $5,000. It’s important to note that these limits are subject to change and can be amended at any time.
For added security, Commonwealth Bank also offers a range of additional withdrawal limits, including lower daily limits, weekly limits and even limits for individual transactions. You can manage your withdrawal limits in the app or online banking, or by speaking to a branch representative.
Understanding Your Cash Access Options
In addition to withdrawing cash from a branch, Commonwealth Bank customers can use their cards to access cash from ATMs and EFTPOS terminals. The maximum daily limit varies depending on the type of card, but it is usually much higher than the branch withdrawal limit.
If you need to withdraw a large amount of cash, you can also arrange a cash advance by speaking to a branch representative. This option is available for both personal and business customers, and there is no daily limit. However, cash advances are subject to fees and charges, so make sure you understand the terms and conditions before proceeding.
By understanding the withdrawal limits at Commonwealth Bank and exploring your cash access options, you can ensure you’re able to withdraw the cash you need when you need it. For more information on cash withdrawals, speak to a branch representative or visit the Commonwealth Bank website.