Do you know the EDD ATM withdrawal limit in the US? If not, then read through this guide to learn about it.
EDD uses the Bank of America to help customers receive their unemployment, disability, and paid family leave program benefits faster, easier, and more secure.
The Bank of America is the one that issues you the EDD debit card, which is used at any ATMs to withdraw cash from your account.
Why EDD Has ATM Transaction Limit
ATM withdrawal limits are set to ensure that few people don’t withdraw all the cash in the bank ATMs and inconvenience others.
Banks do not have a lot of cash in hand, so they use the available money to serve the needs of all customers.
Withdrawal limits are also a tool for the security of the ATM and the customer’s account.
If your debit card and PIN are compromised, the fraudsters will not be able to withdraw all the cash from your account.
These are the reasons EDD has ATM withdrawal limits.
What Is The Cost
You can use any Bank of America ATM to withdraw cash surcharge-free.
You can make two withdrawals per benefit deposit at out-of-network ATMs.
After the two transactions, you will be charged a fee for ATM withdrawals at ATMs not owned by Bank of America.
This is the cost of EDD ATM withdrawal in the US.
EDD ATM Withdrawal Limit
The daily EDD ATM withdrawal limit is $1,000.
Even though you use the Bank of America ATMs, your ATM transaction limit will be determined by EDD.
This is the EDD ATM withdrawal limit in the US.
How To Reset Your ATM Limit
You need to wait for 24 hours after reaching your withdrawal limit for the limit to reset.
The daily ATM withdrawal limits automatically reset at midnight every day.
If you have reached your limit, you can only withdraw after midnight on that day.
If you are withdrawing from a Bank of America ATM using a different bank’s credit or debit card, your limit will be determined by the other bank.
This is the EDD ATM Withdrawal Limit in the US.
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