I wonder who came up with the limitation on transferring money through an ATM to a certain limit per day. I just tried transferring €1035 to another account but it didn't let me. Instead it complained about a daily limit beind exceeded, although I didn't transfer anything else today. Why do banks think they can hold my money ransom? I pay them every year for the service they provide, they make money using my money, yet I am not allowed to do with it what and when I want.
I'm simply stunned. Especially because I can pick up the phone and use the phonebanking system, and it lets me transfer much higher amounts to accounts not based at the same bank without problem. The only difference is that I can't enter whatever description I like over the phone, otherwise I'd have used that option for sure.
In fact, I wonder why they treat it differently? In both cases there is a trail that leads from one account to another, so the money can hardly "disappear" in thin air, can it? I can (partially) understand a cash withdrawal limit to avoid people being held up and forced to empty their accounts, but transfers from one account to another, give me a break, will you?
I'll be talking to the bank about that on monday, it's a good thing I'm working nights next week so I can spend my time working around stupid decisions made by others.
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