Card cash advances are possible via an ATM if you have a credit builder card
What are the fees for accessing cash via an ATM?
Bear in mind, there is a $2.50 fee every time you get a card cash advance* via an ATM. And the ATM provider may charge you an additional fee at their discretion ๐
What are my card cash advance Limits?
You can access up to 90% of your credit limit via an ATM. Provided you have more than these figures in your security account, you can receive:
up to $300 per day but you cannot receive a card cash advance more than twice in one day via an ATM
a maximum of $400 in a week
at most $600 in a month
ATM owner-operators may impose their own lower limits and fees when you use their ATMs.
Can I add money to my security deposit via an ATM?
Unfortunately, weโre unable to accept deposits of any kind from an ATM. The only way to add money to the security deposit of your credit builder card is from within the Cleo app.
To add cash to your security deposit, head over to the Spend tab in your Cleo app and hit "Add cash". This will open a menu with your different options to add funds.
Want more? Check out our blog for all things personal finance.
*Cash advance is a feature of the Builder subscription and not the credit builder card.
The card cash advance is a feature unique to the Credit Builder Card and allows you to advance cash at an ATM. The card cash advance is subject to a $2.50 fee per transaction plus any fee that may be charged by the ATM or Bank. This feature is only available to holders of the Builder card.