Over-the-Counter (OTC) Cash Withdrawals

Last Updated: Aug 12, 2015 05:06PM CDT
You can withdraw cash from your Akimbo Card account at many financial institutions. These are "Over-the-Counter" or OTC cash withdrawals.

Cash Advance:
To withdraw cash at a bank, credit union, or other financial institution, you typically need to request a "cash advance" with your card. While banks often call this a "cash advance", it is simply recognized as a cash withdrawal from your Akimbo Card account and you are charged the same fee as you would be charged with a standard ATM withdrawal.

Benefits to OTC Withdrawals / Cash Advances:
The benefit to an OTC cash withdrawal is that you can withdraw a larger amount, up to $705 per transaction with the same withdrawal fee. In addition, financial institutions often do not charge for OTC withdrawals or "cash advances." OTC withdrawals are also subject to a larger daily maximum, up to $1000 per day.

For more information on cash withdrawal limits, please click here.

You can execute an OTC withdrawal both domestically and internationally. Domestic OTC withdrawals will be assessed a $1.98 fee. International OTC withdrawals will be assessed a $1.98 fee plus a 3% foreign currency fee of the total amount of the withdrawal. Here is a full list of our fees, https://akimbocard.com/fee-schedule.

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