Bad News for Croats in Austria: ATMs Suddenly Dispense Half the Cash

Travelers and residents in Austria may find it harder to access large amounts of cash as several hundred ATMs have implemented a new, lower withdrawal limit. These ATMs will now dispense a maximum of 200 euros per transaction, a significant reduction from the previous 400-euro limit.

The Austrian National Bank (OeNB) confirmed that this change affects approximately several hundred of the country's 8,900 ATMs. The decision rests with individual banks and independent operators, who are choosing to impose these restrictions. While the standard limit for many Austrian banks remains 400 euros, these specific machines now have a reduced cap.

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The message for those who need more than 200 euros is that they can still withdraw the desired amount, although it may require several consecutive withdrawals at the ATM.

The reason behind this new limitation is a shift in how banks generate revenue. Operators earn more from a higher number of smaller transactions than from a single larger withdrawal. By limiting cash payouts, banks encourage multiple withdrawals, thereby increasing their earnings. This move is particularly relevant for Croatian citizens traveling to or transiting through Austria who might rely on ATMs for cash.

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Banks usually earn based on the number of transactions performed, not the amount paid out or withdrawn.