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.
Likes (Received) 53. Chase's Maximum Daily ATM Withdrawal Limit Had an interesting conversation with my Chase banker today about maximum daily withdrawal limits. He mentioned that most (if not all) checking accounts have a $500 daily limit, which I'm sure you noticed at the casinos when doing the walk of shame. Prior to this conversation, I thought the highest they can set the limit to was $1,000.