4 things to keep in mind when withdrawing money from an ATM that you probably didn’t know

It is important every time we go to the ATM. let’s be careful what we do and we try to guarantee the safety of the environment to avoid any negativities. Because it is such a practice that we have internalized, sometimes we do not know how to react to some issues.

To avoid unforeseen events, Bank of Spain It gives a number of tips on common situations users may encounter.

1. Cashier swallows card: In such a case, you should notify the bank, block the card and do not leave the ATM, in case of returning the plastic after some time. It is also recommended to examine bank transactions to determine whether there are any unknowns.

2. They get commission: in some cases the bank bear the commission cost for withdrawing money from an ATM of another organization, and in others, it is charged directly to the checking account from the user. In any case, if a commission will be charged for the operation, this will be reported on the screen. Before you finish withdrawing the money.

3. If I don’t have a card: with digitalization of banking services Many organizations offer ‘mobile cash’ services. This consists of: send code to mobile phone Thus, the person will be able to withdraw money from the ATM with this code.

4. Banks They cannot force the customer to withdraw money from the ATMunless specified by contract. There are banking institutions without staff that only service ATMs. Users should always be informed.

How much money can I withdraw from an ATM?

When we take out cash Money It is important to carry out the control from the Treasury in order to combat the bank’s tax evasion. To do this, it imposes the maximum amount of money that will allow us to withdraw money in a day. Every bank sets a money limit Customers can withdraw money daily from the ATM. Although this figure varies by bank, it is generally set around 600 Euros, but this limit can be changed by the user according to their preferencesbut always within the range permitted by law.

Currently the Tax Office allows A maximum of 3,000 Euros can be withdrawn from the ATM. To obtain a higher amount, it will be necessary to present the relevant receipt, which we will receive from the bank office and which will automatically notify the Bank of Spain and the Tax Office of the movement.

Although this is the maximum limit set by the Undersecretariat of Treasury, For amounts of 1,000 euros or more, the relevant banking institution may request proof of the transaction.In addition to the user ID.