Wells Fargo is one of the largest financial service providers in the USA. It is a multinational financial services company and it provides banking, mortgage, investing, credit card, personal, small business, corporate finance, and many other services. Wells Fargo provides debits cards to its account holders. Here I have discussed A to Z of Wells Fargo debit card spending limit and how you can increase the spending limit of your debit card. Let’s dig into the article!
Wells Fargo puts a spending limit on debit cards to reduce fraudulent activities. The daily debit purchase limit of Wells Fargo is $1,500 and the daily ATM withdrawal limit is $300. However, Wells Fargo offers various types of debit cards according to customer requirements. So. in order to know the exact spending limit of your debit card, you have to contact the bank authority. You can physically visit the bank branch or call the customer care number to know your debit card’s spending limit.
Jump To A Section
- 1 How To Know The Spending Limit Of Wells Fargo Debit Card
- 2 How To Increase The Spending Limit Of Wells Fargo Debit Card
- 3 FAQs About Wells Fargo Debit Card Spending Limit
- 3.1 Which Accounts Can I Link To My Wells Fargo Debit Card?
- 3.2 Is There A Limit I Can Spend On My Debit Card?
- 3.3 What Is The Difference Between A Wells Fargo Gold And Platinum Debit Card?
- 3.4 How To Get Cash When I Reach The Wells Fargo Debit Card Spending Limit?
- 3.5 Why Does Wells Fargo Limit The Debit Card Spending Limit?
How To Know The Spending Limit Of Wells Fargo Debit Card
Wells Fargo has put a daily spending limit on the dollar amount of the purchases you can make with your debit card. Your debit card also has a maximum limit on the dollar amount that you can withdraw from an ATM. Moreover, the purchase and withdrawal limit is also subject to the available balance in your account. In order to check your debit card’s purchase and ATM withdrawal daily dollar limits, you can:
1. View online:
a. First, open a browser on your computer
b. Visit the Wells Fargo official website
c. Now login to your online account
d. From the available options select “Open Card Details” for your card
e. You will easily find the daily limits under the “Limits for This Card” option
2. Call the number on the back of your card
3. Visit the nearest Wells Fargo branch
How To Increase The Spending Limit Of Wells Fargo Debit Card
You can increase the spending limit of your debit card for a one-time purchase or you can also permanently increase the spending limit of your debit card. If you frequently need to make purchases above your daily limits then permanently increasing the spending limit will be the best solution for you. If you need a one-time increment of your spending limit then You can do that by:
1. Calling the bank
2. Visiting the local branch of your bank, or
3. Using the bank app or online account
Moreover, you can also consider upgrading your bank account to a more preferred account. Usually, the spending limit for premium accounts tends to be higher than for basic accounts. For example, Wells Fargo’s regular checking account has a $3,00 daily withdrawal limit and a $15,00 daily debit card payment limit. On the other hand, the premium account has a $1,000 withdrawal limit and a $5,000 debit card spending limit. However, before upgrading your bank account you should know that upgrading the bank account might result in a higher annual fee, account balance minimums, or other requirements.
FAQs About Wells Fargo Debit Card Spending Limit
You can link up to 22 accounts to your Wells Fargo debit card. They are –
1. 5 Checking account
2. 5 Savings account
3. 5 Money Market or Market Rate Accounts
4. 5 Credit Cards
5. 2 Lines of Credit
Is There A Limit I Can Spend On My Debit Card?
Yes, most banks set a spending limit on their debit cards. So, depending on the bank, your debit card might have a spending limit. Some debit cards have spending capped at $1,000, $2,000, or $3,000 per day. If the daily spending limit is not enough for you then you can increase the spending limit according to your requirements. However, you have to contact the bank authority about the spending limit.
What Is The Difference Between A Wells Fargo Gold And Platinum Debit Card?
The main difference between a Wells Fargo gold and Platinum debit card is the credit limits. Wells Fargo Platinum debit card has higher minimum credit limits than gold cards. But you should also know that Platinum cards charge higher annual fees than Wells Fargo gold cards.
How To Get Cash When I Reach The Wells Fargo Debit Card Spending Limit?
If you reach the Wells Fargo debit card spending limit then you can follow the below steps to get extra cash –
1. If you have another account with another debit card then withdraw money from that account
2. Get the cash backs when you make a purchase from certain grocery stores and other retailers
3. If you have a written check then you can cash it to get the extra cash
4. Visit the nearest bank branch to withdraw money with your check
Why Does Wells Fargo Limit The Debit Card Spending Limit?
One of the main reasons Wells Fargo limit the debit card spending limit is for the protection of the customer’s bank account and security of the cash in it. If the customer’s debit card and PIN fall into the wrong hands, then the withdrawal limit will make it impossible to withdraw all the money in the customer’s account.
Magalie D. is a Diploma holder in Public Administration & Management from McGill University of Canada. She shares management tips here in MGTBlog when she has nothing to do and gets some free time after working in a multinational company at Toronto.