ATMs allow you to withdraw currency of lower denominations. If you only need $25 to carry out a transaction, you’ll need machines that withdraw close to that amount. For machines that only allow the withdrawal of $20, you’ll need to withdraw twice because $20 is lesser than the amount you need. However, $40 is more than the amount you need but this is what you have to make do with. Instead of doing this, you could look for an ATM that dispenses $5 and $10.

ATM Dispense $1, $5, $50, $100 Bills

a.  PNC: You can withdraw $1, $5, and $10 bills. These bills are also given out incrementally. Starting from 2012 through 2013, over half of PNC’s over 7,200 ATMs were upgraded to improve how much they could dispense. Today, with over 17,000 ATMs including those co-owned, across 23,000 locations, PNC ATMs can dispense both $1 and $5 bills.

b.  Chase: Chase Bank was one of the earliest banks with ATMs that dispensed $5 bills. Today, Chase has about 16,000 ATMs which can be found in their branches, vestibules, and drive-thus. With over 4,700 branches spread across the country, most of these branches have ATMs that give out $1 and $5. You won’t be able to withdraw bills of the small denomination at Chase drive-thru ATMs. These ATMs dispense bills in $1, $5, $10, $20, $50, and $100 denominations. Chase has limits on the amount of $1 bills that can be withdrawn per transaction but this is different across locations. Some of these ATMs surprisingly dispense coins.

c.  Bank of America: ATMs at Bank of America dispense $10, $20, and $100 bills. Their updated ATMs across the U.S allow you to choose the denomination you want.

d.  Wells Fargo: ATM dispense at this bank is maximum of $20 and anything below that although ATMs at some branches at various locations might dispense $50.

e.  Citibank: In this one, ATM dispense $10, $20, and $50 bills but this varies across different locations.

f.  Fifth Third Bank: Particular ATM dispense bills in $1, $5, $20, and $50 increments. The bank has recently put plans in place to update its machines across the country.

g.  U.S Bank: ATMs at U.S. Bank only give $50 and $20 bills at select locations.

What is the minimum amount that can be withdrawn from an ATM?

Even though there are ATMs from which small bills can be withdrawn, this does not mean you can go into any bank and withdraw only a $5 bill or a $1 bill. Some banks have put in withdrawal limits that are determined by the account you operate. Withdrawal limits are determined by the history of your transactions. You have to enter the banking halls and ask about the withdrawal limits at their ATMs.

From which banks can the most money be withdrawn and how much can I withdraw?

Banks put limits on how much can be withdrawn at ATMs in other to guard their customers against the pitfalls of ATM fraud. Cash caps ensure the ATMs do not run out of money sooner than they are supposed to, especially during holidays or weekends when there is no staff on the ground to fill the ATMs when there is no longer cash. Factors that determine how much you can withdraw from an ATM include the account you operate, your transaction history, and how much funds are available. Morgan Stanley bank has the highest withdrawal limit. They allow for withdrawal of up to $5,000. Both PNC and Citibank can allow withdrawal of up to $2,000 while Chase Bank has a withdrawal limit of $3,000. 

Conclusion

Banks all over the U.S continue to improve their ATMs to give customers choices. There are ATMs of different banks that dispense bills as low as $5, $1, or even $10. These are also ATMs that can dispense large bills like $100 bills. If you decide to withdraw from the ATM, you should do that at your bank’s ATM in order not to incur charges. You might choose to get an ATM from a bank that does not charge for withdrawals.

a.  What banks do not charge a fee for withdrawing money from the ATM?

Bank of Internet, Citibank, Alliant Credit Union, and Chesapeake bank are some of the financial institutions that charge nothing for cash withdrawal. However, this feature depends on the account being operated and the transaction history of the customer.

b.  What are some ways to avoid charges at the ATM?

By using the ATM of your bank, observing the limits set by your bank, and not using credit cards on ATMs.

c.  How can I get $35 from an ATM?

Since $35 is not a denomination in itself, you’d have to look for an ATM dispenses denominations that can add up to this amount. Banks such as PNC, Chase, and First Third all dispense $20, $10, and $5. 

d.  Can I adjust my withdrawal limit?

Yes. You can contact your bank and ask them to increase or reduce your withdrawal limit.