A confounding variable is an extraneous variable that is related to your independent variable and might affect your dependent variable. In an ideal study, there will be no confounding variables.
For example, student accounts have a limit of $100 limit per day, while non-business accounts usually are limited to $500 withdrawals a day. For business accounts, the bank offers $1000 withdrawals in one day. Chase also offers customers a withdrawal limit of $1000 every 24 hours.
Therefore, ATM maximum cash withdrawal limits reduce potential losses by theft. The monthly and daily ATM withdrawal limits per individual can vary greatly by the bank and by the account. Two people with the same bank and same checking account can have different ATM withdrawal limits. Typically, the amount is about $1,000 or less per business day. Daily ATM Withdrawal Limits For Top Banks