New era at ATMs: Effective starting tomorrow

Banks are preparing to increase their daily cash withdrawal limits as of January 1, 2025. The daily withdrawal limits, which currently range between 10,000 TL and 15,000 TL, will be raised to the 15,000 TL to 20,000 TL range at many banks in the new year.

NEW ERA IN ATM CASH WITHDRAWALS

According to a report by Sözcü, it is estimated that banks currently applying a 15,000 TL limit will raise this amount to 20,000 TL, while those with a 10,000 TL limit will increase it to 15,000 TL.

According to banking sector sources, the fact that the Central Bank of the Republic of Turkey (TCMB) has kept the door closed to printing new banknotes for some time will cause banks to change their cash withdrawal limits as of January 1, 2025.

While many banks have imposed restrictions on withdrawing amounts of 20,000 TL and below from bank counters, the new limits to be implemented at ATMs are being awaited with curiosity.

Recently, cash withdrawal limits via QR codes were increased to facilitate transactions made at ATMs. However, this method did not become sufficiently widespread, particularly because elderly customers have difficulty using it. This situation made regulations for direct card-based withdrawal transactions mandatory.

In addition to this, some banks have begun to disable the use of 50 TL and 100 TL banknotes at ATMs. Now, cash can only be withdrawn from many ATMs using 200 TL banknotes.