So Much More than a Cash Machine – RBC Royal Bank (2024)

FAQs

What is the maximum cash deposit RBC ATM? ›

NOTE: Deposit: Deposits of up to $500,000 can be made to your deposit accounts through RBC Royal Bank ATMs or through Mobile Banking. Items deposited at ATMs or through Mobile Banking are subject to verification and may not be available for up to 5 business days or any shorter period required by law.

In terms of the variety of denominations that can be withdrawn, RBC ATMs stand out. They offer $5, $20, $50 and $100 bills. However, unlike other banks' ATMs, which allow users to choose the denominations they want to withdraw, it is impossible to choose the denominations you want to withdraw from an RBC ATM.

Most banking institutions don't have any type of deposit limits on their ATMs. Banks encourage the use of these machines as it doesn't require them to pay someone a wage. Yet, a transaction can still be completed. ATM machines are designed to accept deposits and checks for just about any amount.

Generally, there isn't a limit on the dollar amount you can deposit at an ATM. Check with your bank to see if it has any ATM deposit limits. You're more likely to encounter limits on the number of individual bills you can deposit at a time. Your bank—or the cash machine—may determine these limits.

Most banking institutions don't have any type of deposit limits on their ATMs. Banks encourage the use of these machines as it doesn't require them to pay someone a wage. Yet, a transaction can still be completed. ATM machines are designed to accept deposits and checks for just about any amount.

Distinctive debit and credit cards

This black client card identifies you at RBC branches as a Private Banking client and provides you with a $3,000 daily cash withdrawal limit and a $5,000 retail direct payment limit.

Withdraw up to £300 every 24 hours at our branded ATMs. You must have at least £20 available in your account and an active debit card locked or unlocked. Simply log in to your app and click on the 'Get Cash' icon - you'll find it at the bottom of the app home screen.

Your ATM max withdrawal limit depends on who you bank with, as each bank or credit union establishes its own policies. Most often, ATM cash withdrawal limits range from $300 to $1,000 per day.

How much money can you withdraw at once at ATM? ›

Your ATM Withdrawal and Daily Debt Purchase limit will typically vary from $300 to $2,500 depending on who you bank with and what kind of account you have. There are no monetary limits for withdrawals from savings accounts, but federal law does limit the number of savings withdrawals to six each month.

Use My Client Card Outside of Canada

The card will work at any machine displaying the PLUS logo. There's a fee of $3 for each withdrawal in the United States. There's a fee of $5 for each withdrawal in Mexico and outside North America.

Also check whether any limits apply to cash deposits. In most cases, there is no cap on the dollar amount you can deposit through an ATM. However, there may be a maximum number of items you can deposit. Wells Fargo, for instance, limits the number of bills and checks you can deposit to 30 per transaction.

Depositing a big amount of cash that is $10,000 or more means your bank or credit union will report it to the federal government. The $10,000 threshold was created as part of the Bank Secrecy Act, passed by Congress in 1970, and adjusted with the Patriot Act in 2002.

You can deposit any sized check in an ATM.

Here are some examples of what you can do at an RBC Royal Bank full service ATM: Deposit cash and one or more cheques. Withdraw cash in Canadian dollars at all RBC Royal Bank ATMs and U.S. dollars at select RBC Royal Bank ATMs. View your account balances and transaction history.

Take out some cash, transfer funds, pay bills and deposit cheques at any of our 4,200+ ATMs across the country.

Say, for example, your bank's ATMs only accepts a maximum of 40 bills — the cash deposit limit then ranges anywhere between $40 and $4,000, depending on the bills you insert into the machine.

You don't have anything to worry about if you deposit more than $10,000 in cash, assuming you are doing nothing wrong. A large deposit is simply reported by a bank to regulators to track possible suspicious activity.