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Austria🏛️ PoliticsCenter8 hr. ago

Withdrawal limit reduced significantly at hundreds of ATMs

In Austria, hundreds of ATMs have seen their cash withdrawal limits significantly reduced, according to the Austrian National Bank (OeNB). Previously, most ATMs allowed withdrawals up to 400 euros per transaction, but now many limit this amount to around 200 euros. The OeNB clarified that while 400 euros was a common standard among domestic banks, independent ATM operators chose lower limits for business reasons. These changes do not affect the withdrawal limits set by individual banks, meaning users needing larger amounts might need to make multiple transactions. The OeNB noted that only one known operator had uniformly lowered the limit across several hundred machines out of approximately 8,900 nationwide. While the central bank does not expect all ATMs to adopt these lower limits, it acknowledges the potential confusion caused by varying limits. In preparation for a new EU-wide cash regulation expected in autumn, the OeNB supports the proposed creation of a cash authority to improve transparency and harmonize rules for consumers.

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ORF News logoORF NewsState / PublicCenter8 hr. ago
Withdrawal limit reduced significantly at hundreds of ATMs

In Austria, hundreds of ATMs have seen their cash withdrawal limits significantly reduced, according to the Austrian National Bank (OeNB). Previously, most ATMs allowed withdrawals up to 400 euros per transaction, but now many limit this amount to around 200 euros. The OeNB clarified that while 400 euros was a common standard among domestic banks, independent ATM operators chose lower limits for business reasons. These changes do not affect the withdrawal limits set by individual banks, meaning users needing larger amounts might need to make multiple transactions. The OeNB noted that only one known operator had uniformly lowered the limit across several hundred machines out of approximately 8,900 nationwide. While the central bank does not expect all ATMs to adopt these lower limits, it acknowledges the potential confusion caused by varying limits. In preparation for a new EU-wide cash regulation expected in autumn, the OeNB supports the proposed creation of a cash authority to improve transparency and harmonize rules for consumers.

Bias read (Center): The article presents factual information provided by the Austrian National Bank (OeNB), including quotes from an OeNB spokesperson. It explains the situation objectively, noting both the reduction in ATM withdrawal limits and the OeNB’s stance on the issue. There is no evident ideological framing, o

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