What is the maximum cash advance amount for non-customers?

What is the maximum cash advance amount for non-customers?

• A. $2500
• B. $5000
• C. $1500
• D. $1000

Answer: (D)

Non-customers are given smaller cash-advance limits to manage risk and verify identity. Without an established banking relationship, the bank has less information to assess credit and fraud risk, so it caps cash advances at a conservative amount to minimize potential losses and AML concerns. This limit is lower than what a customer with an existing relationship might receive, since customers can rely on prior history and ongoing verification. In this policy, the maximum for non-customers is $1,000, while higher limits like $2,500 or $5,000 are typically available only to customers after underwriting and demonstrated reliability.

Non-customers are given smaller cash-advance limits to manage risk and verify identity. Without an established banking relationship, the bank has less information to assess credit and fraud risk, so it caps cash advances at a conservative amount to minimize potential losses and AML concerns. This limit is lower than what a customer with an existing relationship might receive, since customers can rely on prior history and ongoing verification. In this policy, the maximum for non-customers is $1,000, while higher limits like $2,500 or $5,000 are typically available only to customers after underwriting and demonstrated reliability.