Do you need cash fast? Is the regular ATM limit too low? If this is happening to you, don’t worry, there are other emergency cash ATM locations near you.
If, however, you need an alternative solution to find quick cash, Max Cash Title Loans may be able to help. 1 2 With our team of expert title loan specialists, we can search for a title loan that matches your financial needs.5 Seven days a week, 24 hours a day, we are available for you and your cash needs. 2
To apply for an auto title loan, fill out an online application form or contact us directly to speak with a specialist. From there, we can walk you through the entire process, start to finish.
To learn more about emergency cash ATMs near you, continue reading below.
Using an Emergency Cash ATM
While ATMs are convenient for quick and simple cash withdrawals, sometimes we have emergencies and need more cash-on-hand. In these instances, we need an emergency cash ATM, and we need it quickly.
Emergency cash ATMs exist to help consumers pay for larger cash transactions. Some of these ATM transactions might include paying for a new or used car or something similar. If this is the case, many banks and financial institutions offer things such as cash advances.
Not sure how this works? Don’t worry. This is what we’re here for.
Cash advances are instances where you take our cash with your credit card, and the amount you withdraw is added to your overall balance. With a debit card, however, the process is slightly different.
With a debit card cash advance, rather than adding funds to the cardholder’s overall balance, a debit card cash advance withdraws the cash directly from the checking account or savings account. To proceed with a debit card cash advance, all you must do is visit a local bank branch or credit union and speak to a bank teller or ATM operator. From there, they will walk you through the cash advance process. In some instances, you may even be able to complete this from a local grocery store.
It’s worth noting that there is an additional fee for requesting a cash advance. Typically, these costs are a small proportion of the entire sum you wish to withdraw.
Why Use an Emergency Cash ATM?
There are a few distinct reasons why you would want to use an emergency cash ATM.
If you have ever withdrawn a large sum of cash from an ATM, it’s likely that you’ve run into a common problem. In these instances, you may run into a “daily withdrawal limit” that limits how much money you can take out each day. For most checking accounts, this amount is anywhere between $300 to $500.
With an emergency cash ATM, consumers can take out a much larger sum of money without as many limitations.
For the most part, most banks and credit unions that work with your bank or credit union will honor your request. Even if they are not in direct participation with your lender, they can still provide assistance.
Not being restricted to a specific bank or credit union is a massive benefit for consumers who travel often. However, there may be additional transaction fees or surcharges for requesting a cash advance from non-participating banks and credit unions.
No Interest Fees
Whenever you take cash out using a cash advance on your credit card, you end up paying an interest fee. That interest will also begin accruing immediately. With a debit card cash advance, however, there are no interest fees. This is one of the primary reasons why consumers prefer them as a quick cash option.
Are There Any Downsides to Emergency Cash ATMs?
The biggest drawback with an emergency cash ATM withdrawal is that you cannot withdraw cash on an ATM card for an amount that is greater than what is available in your card account.
Many times, when people need emergency cash, it is because they do not have the cash available on-hand to pay for an unexpected bill or expense. In these instances, a debit card cash advance will not do you much good.
Now, you may be able to use a debit card cash advance for more than you have available in your bank account, but this is what many call an overdraft. Overdrafts may cost you more in the future; therefore, it is not something we recommend. According to the Consumer Financial Protection Bureau (CFPB), the typical overdraft fee results in a yearly percentage rate (APR) of over 17,000 percent.
How Max Cash Title Loans Can Help
The best way to deal with a cash emergency is to avoid it before it happens. However, we know things like this happen all the time. That is why we aim to make the process of finding fast money seamless. 5
With Max Cash Title Loans, you no longer have to go through a lengthy process to get the emergency cash you need. With a simple and easy to use the online application form, you could apply for your cash and receive approval and your cash on the same business day. 1 2
To apply for a title loan found through Max Cash Title Loans, you will need the following information:
- A clear vehicle title
- A government-issued photo ID
- Proof of income
- Car Insurance
- Proof of residency
- Three personal or professional references
- Photos of your vehicle
After you have this information gathered, a title loan specialist can walk you through the rest of the title loan process. As soon as your title loan application receives final approval, you could get the emergency cash you need! 1 2 Even better, regardless of your credit score, you are eligible to apply!
Whether you have a large medical bill you need to pay for or have to cover an auto expense you weren’t expecting, an online title loan can be a significant help. Fill out a brief online application form or call us directly to start the application process over the phone. Don’t hesitate, contact Max Cash Title Loans today!