Withdrawing Cash Abroad: Daily Limits by Country

When travelling on holiday or living abroad, you will quickly notice significant differences in how much money you can withdraw from an ATM. In some countries, the limits are surprisingly low, while in others you can withdraw surprisingly high amounts.

In the United Kingdom, the daily withdrawal limit is typically between £250 and £400. Germany is somewhat more flexible, with daily limits between £850 and £1,700.

In the United States, the average daily limit is around £850. Singapore is known for its high withdrawal limits, which can reach up to £1,700 per day. France is slightly lower, with limits around £680 per day. Switzerland has limits of approximately £850 per day.

Once again, Dubai stands head and shoulders above the rest. Here, you can often withdraw between £6,800 and £8,500 per day, especially at major banks or in luxury neighbourhoods such as Dubai Marina or Downtown Dubai.

Why are the limits so different?

The amount of withdrawal limits depends on several factors. Banks consider the local economy, security, and the risk of fraud. In countries where cash is used frequently, such as Dubai and Singapore, the limits are higher because there is a greater need for physical currency.

Banks also look at the typical spending patterns of residents and tourists. In countries with a high standard of living or where luxury purchases are common, the limits are often automatically higher.

Nevertheless, it remains important to be cautious with large sums of money. High withdrawal limits are convenient, but they also make you a more attractive target for pickpockets or scams. Therefore, always think carefully before withdrawing a large amount, no matter where you are.