Question

If ATM is down and authorized express CUCARD user goes into branch - does ATM limits still apply?

Answer 1

ATM withdrawal limits typically do not apply when conducting transactions in-branch with a teller. Branch transactions usually have higher withdrawal limits, and CUCARD users should check with their bank for specific policies.

Step-by-step explanation:

When an ATM is down and an authorized express CUCARD user goes into a branch, the ATM withdrawal limits typically do not apply for transactions conducted with a teller In-branch. Instead, the customer could be subjected to the bank's in-branch withdrawal policies, which might be different from the ATM limitations. Branch transactions often allow for higher withdrawal limits compared to ATMs, subject to available funds in the account and any additional security verification processes the bank may require for larger withdrawals. It's always advisable for CUCARD users to check directly with their financial institution for specific policies regarding in-branch transactions.

Answer 2

ATM withdrawal limits typically do not apply when an authorized express CUCARD user makes transactions inside a bank branch. In-branch limits are usually higher and are subject to the bank's discretion, varying with account type and customer relationship.

Step-by-step explanation:

When an authorized express CUCARD user visits a bank branch because an ATM is not operational, the usual ATM withdrawal limits do not typically apply. In a bank branch, the limits are often higher and subject to different policies than those imposed through ATM transactions. It's important to remember that the bank's discretion plays a key role, and they may adjust limits based on their assessment of risk, the customer's relationship with the bank, and the account type.

Moreover, the teller or the bank officer serving the customer can access more detailed information about the account, providing a different level of service as compared to an ATM. They can perform enhanced due diligence if needed, which allows for greater flexibility with respect to transaction limits. Always check with the specific bank's policies, as these can vary from one institution to another. Nevertheless, for an express CUCARD holder, the convenience of higher withdrawal limits at a teller's window can be a significant advantage during times when ATMs are not functioning.