Yes, you can eventually withdraw all your money from PNB, though certain limitations apply, particularly to daily ATM transactions. While you might not be able to withdraw your entire balance in a single ATM transaction due to daily limits, you have other options to access your complete funds.
Understanding PNB ATM Withdrawal Limits
PNB implements daily withdrawal limits for Automated Teller Machine (ATM) transactions to ensure security and manage cash availability. These limits restrict the maximum amount you can withdraw from your account per day.
The standard daily ATM withdrawal limit is P20,000. However, for cardholders who have specified a higher limit, this can be extended up to P50,000 per day.
Here's a quick overview of PNB's daily ATM withdrawal limits:
| Withdrawal Method | Standard Daily Limit | Maximum Daily Limit (Upon Cardholder Specification) |
|---|---|---|
| ATM | P20,000 | P50,000 |
If your account balance exceeds these daily ATM limits, it means you will need multiple days to withdraw your entire funds through an ATM. For older or existing accounts, you might need to visit your maintaining branch to inquire about or request adjustments to your withdrawal limits.
Options for Large or Full Withdrawals
To withdraw a significant portion or your entire money, especially if it exceeds the daily ATM limits, you have more direct options:
- Over-the-Counter Withdrawal at Your Branch: This is the most common method for withdrawing large sums of money or your entire balance. You can visit your PNB maintaining branch during banking hours to perform a withdrawal directly with a teller. For substantial amounts, you may need to provide a valid ID and your passbook or ATM card.
- Account Closure: If you intend to withdraw all your money because you are closing your account, this process is also done at your maintaining branch. The bank will process the account closure and release the remaining balance to you, often via cash, manager's check, or transfer to another account, depending on the amount and your preference.
Important Considerations:
- Bring Valid Identification: Always bring at least one primary valid government-issued ID (e.g., passport, driver's license, UMID, Postal ID) when performing over-the-counter transactions, especially for large withdrawals.
- Passbook or ATM Card: Have your passbook or ATM card ready as proof of account ownership.
- Check Branch Hours: Ensure you visit the branch during their operating hours.
- Advance Notice for Large Amounts: For exceptionally large withdrawals, it may be advisable to notify your branch in advance to ensure they have sufficient cash on hand and can prepare the necessary documents, making your transaction smoother and quicker.
For more detailed information regarding PNB's services and withdrawal procedures, you may visit the official Philippine National Bank website at www.pnb.com.ph.
