Why do banks charge you money when you don’t have any money in the first place? And then they put limits on how much of your money can be used in a certain time frame IE: $500 a day on ATM and some $500-$2000 personally taken out a day, also $500 on Debit card. This can form a problem if you wanted to buy something that was $700 and the limit was $500. You’d have to wait 2 days before purchasing which would be terrible if you had to drive 2-3 hrs to get the purchase if the first place
Suppose someone stole your ATM card and knew your PIN. They could steal all your money in one transaction. Not good for you, not good for the bank. Perhaps you should withdraw your money in person or plan ahead?
What does your first question mean? Why are there bank fees for having too low a balance? If so, the answer is because they can.
My bank lets you change the upper limit on ATM withdrawals. Perhaps you could call yours and ask if that’s a possibility for you.
Maybe you should open a checking account or make the withdrawl at a teller instead.
Again, the ATM limit is to protect you – normally you can ask that it be increased.
As far as I know, unless you have some wierd account, you can write a check as big as you want without any type of limit. Well, you need the money to cover it.
If you go to a teller, really, they won’t give you more than a certain amount?
Regarding the first question:
It’s not really clear what the OP refers to, but it could either be why you have to pay fees for your account if you don’t have a specified balance. The answer is: Because keeping and adminsitering the account causes costs to the bank. They let you pay for it. If your balance exceeds some minimum, however, the bank will make money on your deposits, because the more money you’re borrowing them (by having it in your account) the more credits they can give out to investors, consumers or whatever, which gets the bank interest revenues.
Probably the OP refers to why banks can charge you a fee for a cheque that bounced because you don’t have enough money in your account to pay for it. In this case, again, processing the cheque causes costs, and the bank doesn’t want to pay so you have because you’re responsible for it.