Sunday, February 15, 2009

Offshore Credit Card ATM Limits

Offshore Credit Card ATM Limits




In my previous post, I started talking a little bit about offshore credit card load limits. In this post I'd like to talk a little bit about a "limit" that most off shore card consumers find more important; the card's ATM limits.

To be more precise, what we are talking about is the daily, weekly, or monthly cash withdrawal limit from an ATM (automatic teller machine or bank machine).

While a certain number of people use their offshore credit cards for purchasing items at merchants who accept either MasterCard of Visa or one of the other internationally recognized credit card brands or merchant processing card networks, most of the banking clients at offshore banks want a bank card that is useful for extracting cash from their local atm machine.

For this to be possible, first and foremost, the card tie into one of the ATM networks, like Star, Cirrus, MasterCard, Visa, or Accel. This lets the offshore banking client use cash machines in his hometown at either banks or atm kiosks to retrieve money.

Different offshore cards, depending on the vendor, and the off shore bank who issued the card, will have different limits imposed on ATM withdrawals. By way of demonstration, I will run down some of the bank machine limits for several cards that I'm aware of on the market today.


Prepaid Offshore Credit Card Platinum MasterCard



Daily ATM Withdrawal Limits: $3,000
Weekly ATM Withdrawal Limits: $3,0000


Offshore Debit Card - MasterCard



Daily ATM Withdrawal Limits: €1000
Weekly ATM Withdrawal Limits:


Unembossed, no-name Anonymous Offshore Debit Card - MasterCard



Daily ATM Withdrawal Limits: $2000
Weekly ATM Withdrawal Limits: $5000


Unembossed, no-ID Anonymous ATM Card - Visa



Daily ATM Withdrawal Limits: $500
Monthly ATM Withdrawal Limits: $3000


Prepaid Offshore Credit Card Platinum Visa



Daily ATM Withdrawal Limits: $3,000
Weekly ATM Withdrawal Limits: $3,0000



If the offshore credit card atm limits on these cards are a major problem for you, you will need to look into one of the vendors who offer an unlimited offshore credit card. For most of the off-shore cards however, the only "unlimited" option available promotes unlimited purchase power, not unlimited ATM withdrawals, and of course, one needs to be wary of offshore credit card ATM fees attached to the card.

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