In this chapter of our guide, we will talk about the Freedom Credit Union ATM withdrawal limit in the United States. The Freedom Credit Union is a community-based, not-for-profit financial cooperative that provides services to the five counties that are located around Philadelphia.
Content Recap:
The cooperative financial institution began operations in 1934 and had assets worth more than 800 million dollars at one point.
When you open an account with the credit union, you will be given an ATM card and a personal identification number (PIN). These items allow you to withdraw money from your accounts at any ATM that accepts them.
What Is The ATM Network?
You can access the cash machines at any Freedom Credit Union location in the country.
Customers will now have access to surcharge-free ATMs due to the credit union’s partnership with the CO-OP and PLUS networks.
You can withdraw cash from any ATM where a CO-OP or PLUS around the country operates.
The cooperative financial institution may occasionally negotiate access to other Automated Teller Machine (ATM) networks to facilitate cash withdrawals.
A surcharge fee is applied if cash is withdrawn from an ATM that is not part of the Freedom network.
Why Does Freedom Credit Union Have Limits on ATM Withdrawals?
Withdrawal limitations at ATMs are critical for ensuring the safety of both your bank account and the machines themselves.
These restrictions ensure that automated teller machines are not depleted completely and that all customers can obtain the cash they require without jeopardizing anyone else.
If someone takes your ATM card and PIN, or if you lose both of them, you are protected against losing all the money in your account.
To prevent any fraudulent activity with your ATM card, you must promptly report it missing or stolen as soon as you know it has been taken.
Because of this, Freedom Credit Union places withdrawal caps on its ATMs in the United States.
Freedom Credit Union ATM Withdrawal Limit
You will be able to withdraw cash from your account only if adequate funds are available to cover the transaction.
The Freedom Credit Union places a limit of $500 per day on the amount of cash that can be withdrawn from ATMs.
If it has been less than three months since you opened your account, the maximum amount you can withdraw from an ATM is $300.
A cap is placed on the total number of transactions that can be completed in a single day.
Because this information is only given out to specific individuals, you must contact the credit union if you have any questions.
This credit union does not impose any weekly or monthly limits on the use of its ATMs.
This is the maximum amount that a member of Freedom Credit Union can withdraw from an ATM in the United States.