>>> My ATM daily cash withdrawal limit is 75000 Fr. (not a typo). I dream of hitting it once, but I'm not that rich.
Isn't it a bad idea? Default limits at my bank are around 1000Eur in withdrawals a day but I have reduced my limits to what I might typically need (around 100Eur), just in case I get my card skimmed/stolen to limit the damage.
My personal limits are much lower. 75000 Fr. is as far as I can raise it without hitting an ATM limit. Still, it is quite high amount compared to other European countries, around 4000 Fr.
Skimming doesn't work with my card (set to chip-only operation), PIN code is 6 digits, auto-blocking after 3 attempts, and not written anywhere. I travel a lot, and the ability to get instant cash saved me more than once.
American here. I would love for the ability to set my cards to chip-only operation. I've even considered going so far as to use a magstrip writer to remove all data from the magstrip.
@jon-wood — yes, in most countries, even in the US (though I have found a few incompatible ATMs in Boston).
The only country where all ATMs were hard-wired to accept 4-digit pins was Israel. But I was there 5 years ago, perhaps they upgraded their ATMs since. :)
100 € might be a bit too low. Mine is 800 € a week IIRC, but it also counts for payments via EC (Electronic Cash, i.e. paying with the normal bank account card). I once ran into it on a Sunday after just having paid for a week-long hotel stay. Luckily I had just enough money left to pay the train ticket back home.
Having said that, I also like the relatively low limit to contain the damage in case of skimming or card theft.
Isn't it a bad idea? Default limits at my bank are around 1000Eur in withdrawals a day but I have reduced my limits to what I might typically need (around 100Eur), just in case I get my card skimmed/stolen to limit the damage.