Today’s guide will give you details about the limit of ATM transfer in Nigeria. So it will be in your interest to read till the end of this guide to help grasp every piece of information shared.
The Automated Teller Machine (ATM) serves as a teller mostly situated at the entrance of a bank premise which operates 24/7.
The machine processes withdrawal and transfer requests made by customers by providing them with physical cash at the time of withdrawing from the machine.
Many customers are keen to know the transfer limit for ATMs, but the truth is ATM traction limits differ from one bank to another.
Therefore, getting familiar with the transfer limit of the debit card issued to you by your bank will help you know the money you can transfer with your ATM card on a daily basis.
So, if you’re ready to acquire more knowledge in ATM transfers, then let’s proceed with some more detailed information.
Table of Contents
What Is ATM Transfer Limit
ATM transfer limit is a threshold on the debit card issued to you by your bank for the maximum money you can transfer to business partners, friends, and family.
Many banks have different ATM transfer limits, and some financial institutions allow their customers to upgrade their transfer limit for a higher amount of fund transfer.
What Is ATM Withdrawal Limit
ATM Withdrawal limit is the maximum amount of money you can withdraw from your bank’s ATM using your debit card issued to you by your bank.
It is not mandatory to carry your ATM cards for withdrawal with some banks by the introduction of cardless ATM transfer and withdrawal.
What Is FirstBank Transfer Limit
Transfers made at the bank premises of FirstBank Nigeria have no limitations, but funds transferred through FirstBank Nigeria online banking have an individual account limitation of N5 million and corporate account limitation at N10 million.
Also, the maximum amount that can be transferred from the FirstBank mobile app “FrstMonie” has been increased from N500,000 to N1,000,000 per day.
The USSD code banking of the First Bank Nigeria allows customers to transfer a maximum of N100,000.00 per day.
How Do I Change My ATM Transfer/Withdrawal Limit
To increase your ATM transaction or withdrawal limit, make physical contact with your bank with your identification card to prove your identity and request an upgrade of your ATM transaction and withdrawal limit.
How Much Is The Limit Of ATM Transfer
The threshold for ATM transfers differ from one bank to another, and below are the ATM transfer limit of banks in Nigeria:
⦁ FirstBank Nigeria: N400,000 daily limit
⦁ Access Bank Nigeria: N1 million, depends on the limit you set for your debit card.
⦁ Ecobank Nigeria: N500,000 maximum daily limit
⦁ FCMB: N1,000,000 daily limit
⦁ GTBank: N1,000,000 daily limit
⦁ Jais Bank: N500,000 daily limit
⦁ Heritage Bank: N100,000 daily limit
⦁ Keystone Bank: N150,000 daily limit
⦁ Polaris Bank: N50,000 daily limit
⦁ Providus Bank: N200,000 daily limit
⦁ Sterling Bank: N1,000,000 maximum limit
⦁ Stanbic IBTC: N500,000 maximum limit
⦁ Unity Bank: N500,000 daily limit
⦁ UBA: N500,000 maximum limit
⦁ Union Bank: N210,000 daily limit for verve, and N250,000 daily limit for Master Card
⦁ Zenith Bank: N200,000
That is the information we can share on the limit of ATM transaction.