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The combined cash out and withdrawal limit for ATMs and EFTPOS is $1,000 per day per card.
1 An early withdrawal normally means taking money from your plan before you reach age 59Â½. 2  If you made a withdrawal from a plan last year, you must report the amount you withdrew. 3  to the IRS. 4  You may have to pay income tax as well as an additional 10 percent tax on the. 5  amount you withdrew.