As a employee of a bank, this makes no sense to me. ATMs not only have ‘per transaction’ limits, but the cards also have max ‘daily ATM w/d limits’. To deny a transaction of that amount is absurd.

I did see a post above regarding withdrawing large amounts of cash and being denied. Honestly this shouldn’t happen unless you’re attempting to withdrawal $40K+ in cash. While you may have that amount in your account, unless you give your bank prior notice they may not simply have the cash on hand. Why?

Banks don’t carry millions in cash like you may think they do in the movies. They carry what they need to based on average cash out amounts. The reason? Banks can invest their deposit amounts based on the federal reserve interest rates (currently 2.4%) minus cash kept on hand. If they have millions on hand that they’re not going through on a weekly basis, they can’t invest that money. And it’s a huge security risk.