Before now, most banks had put a limit of N20,000 daily withdrawal on their ATM terminals mainly for cards issued by other banks. The limit had been put in place during the naira redesign policy.

There are separate debit card and ATM withdrawal limits, so if being able to withdraw large sums of cash is a concern, ask to change the daily ATM withdrawal limit, too. 2.

Few people keep large amounts of cash at home these days. But what if you need to withdraw a significant sum quickly?