So, as of today, here are the current limits for the Electric Orange debit Mastercard:
- Signature-based ("Credit") Transactions: $5,000 per Day
- PIN-based ("Debit") Transactions: $25,000 per Day
- ATM Withdrawals: $1,000 per Day
And here's the text of their email:
Electric Orange Debit MasterCard Transaction Limit
The new daily limit for all signature-based Electric Orange Debit MasterCard transactions is now $5,000. A signature-based transaction is any card transaction where you don't enter a PIN or choose 'Credit' versus 'Debit' at checkout. Keep in mind that this update does not affect the daily limit on PIN-based transactions, which is $25,000.
Since we're on the topic, here are some other relevant Electric Orange limits as well:
- "Person2Person" Transfers: $5,000 per Day
- "Bill Pay," "Mail a Check," "Overnight a Check": $100,000 per Transaction
Way more info than you probably ever wanted to know can be found at ING's Electric Orange Terms and Conditions. Also, curious souls may wish to check my Electric Orange review for my thoughts on Electric Orange checking accounts. (I love mine!)
Labels: Banking, Debit Cards