Most bank account holders use credit cards over debit cards to withdraw money from ATMs or banks. Banks don’t charge any additional fee for the money withdrawal. However, you might have to pay an extra charge when withdrawing money from a bank that isn’t yours.
Now, you might be wondering how can I withdraw money from a bank that isn’t mine. There are two ways to withdraw money from a bank where you don’t have an account. You can use an ATM or debit card to get the money.
Do you want to withdraw the money using a cheque? You can’t do that unless you have an account with that particular bank. However, you must check the transaction fee for withdrawing money from a bank where you don’t hold any account.
The fee for withdrawing money from an ATM or debit card might vary from one bank to another. You will also receive a receipt from these bank services after drawing back the money. Check the debit or ATM card’s validity before using it for the cash withdrawal.
Is it Possible to Withdraw Cash from Another Bank’s ATM?
You can access your debit or ATM card at any bank’s ATM to withdraw your money. There is no need to have an account on the ATM-owned bank. Additionally, you can try finding nearby ATMs owned by any third-party providers for the money withdrawal.
You can locate these ATMs in convenience stores, bus stoppages, and even some restaurants also have them. However, it is advised to be extremely cautious when withdrawing money from ATMs owned by third-party providers.
Withdrawing money from crowded places like convenience stores or bus stoppages can be risky. Anyone can see your bank credentials and use them to withdraw money from your bank fraudulently. So, avoid third-party-owned ATMs to protect your account from fraudsters.
Do All ATMs Charge a Fee for Withdrawing Money?
The ATM owner deducts a transaction fee from your outstanding bank balance if you withdraw money from an ATM that isn’t yours. However, the transaction fee will be higher in the U.S.A. compared to other countries.
Most people think all ATMs charge a fee for the transaction; it’s not true. Many ATMs let you withdraw money without a fee. Hence, you must visit your nearest bank branch to find out from which ATMs you can withdraw money without paying additional costs.
How to Withdraw Money from a Bank that isn’t Yours using an ATM Card?
Every ATM card contains a unique 4-digit PIN linked to the customer’s bank account. They provide instant cash, and your bank balance will be reduced after the transaction. Withdrawing money using an ATM card is easy if you know the PIN.
Here is how you can withdraw money from a bank that isn’t yours using an ATM card:
- Search for the nearest ATM using a web browser.
- Go to the ATM and insert your ATM card in the slot.
- The “Select Language” message will appear on the machine’s screen.
- Choose your preferred language using the ATM’s buttons.
- Enter your ATM card’s 4-digit PIN using the machine keys.
- Select the bank account type from the available options.
- The ATM will display different transaction options.
- Choose the preferred transaction and enter the money amount you want to withdraw.
- Hit the Enter button and wait until the ATM completes the transaction.
- Collect the money from the ATM’s lower slot and count it.
- Take the printed receipt of your money transaction from the lower slot after withdrawing the cash.
How to Withdraw Money from a Bank that isn’t Yours using a Debit Card?
Unlike an ATM card, a debit card is linked to your bank’s checking account. Customers can use it to withdraw money and purchase products online. Taking out cash using a debit card is similar to withdrawing money from an ATM card.
Follow these steps to withdraw money from a bank that isn’t yours using a debit card:
- Find your nearest ATM and go there with your debit card.
- Insert the debit card in the ATM slot to initiate the cash withdrawal.
- Enter your 4-digit PIN using the ATM’s keypad.
- Select your bank account type for checking account from the available options.
- Choose “withdrawal” from the transaction type screen using the ATM buttons.
- Write the cash withdrawal amount and press the Enter key afterwards.
- Take the cash from the ATM’s lower slot and collect the transaction receipt.
- Remove your debit card from the ATM and press the Cancel button.
Can Anyone Withdraw Money from Your Bank Account Using Your Account Number?
Without authorisation, no one can withdraw money from your account using the bank account number or other details. A person can only take money from your account with a debit or ATM card if you have authorised them.
Contact the bank if you notice a money deduction from your account. Did you open a malicious link or message from your phone? Scammers may have accessed your bank account and withdrawn the cash.
Can You Withdraw Money that isn’t Yours without using an ATM Card?
There is no other way to withdraw money from a bank that isn’t yours if you don’t have an ATM card. You might find someone with an account in that particular bank from where you want to withdraw the money. You can withdraw money from that bank if the person writes a check in your name.
You can also submit the person’s written consent regarding authorisation to the bank to withdraw cash on their behalf. However, the authorisation is allowed only on some specific grounds. For instance, you can withdraw money from a bank that isn’t yours if the account holder is sick.
Banks allow authorised persons to withdraw money on behalf of a disabled account holder. Can’t visit the bank branch for some reason? Appoint an authorised person you trust and send them to the bank to withdraw money on your behalf.
How Much Can You Withdraw from a Bank that isn’t Yours using an ATM Card?
You might be looking for the answer if you don’t have an account on the bank-owned ATM from where you want to withdraw the money. The cash withdrawal amount varies from one bank ATM to another.
ATMs in Dubai have a daily withdrawal limit of AED 5000. However, your bank might have a higher cash withdrawal limit. For instance, some banks allow customers to withdraw up to AED 8000 using an ATM card. The minimum money withdrawal amount in Dubai banks is AED 100.
How to Authorise Someone to Withdraw Money from Your Bank Account?
Many banks allow you to authorise another customer with an account with a different bank to handle your money transactions. Each bank has its requirements or criteria regarding account authorisation.
You must contact your bank manager directly to know how to give the financial power of attorney to one of your family members. Most banks demand a written letter for authorisation stating what transaction the person can make.
For instance, you must mention whether the authorised can make cash withdrawals or write checks on your behalf. Besides, you can grant the person long-term permission to your bank account.
Renowned banks have their power of attorney form, which you must fill with the required details for the authorisation. Mention the relation between you and the person you’re granting the FPOA. Don’t forget to mention how long they can access your bank account for withdrawing money or other transactions.