Why Do ATMs Give a $500 Daily Limit but Cash App's ATM Daily Limit Is $1,000?

When withdrawing money from an ATM, many users encounter a $500 daily withdrawal limit, which is a common restriction imposed by banks and financial institutions. However, Cash App offers a higher ATM withdrawal limit of $1,000 per day. This discrepancy raises questions about the differences in ATM withdrawal policies and the advantages of using Cash App for cash withdrawals.

In this article, we will break down why traditional ATMs have a $500 daily limit, why Cash App's limit is higher, and what this means for users who rely on Cash App for cash transactions.