Originally Posted by
007shinobi
I was told it was 15 transactions per day, I wonder if it does depend on bank they primarily use for your account. I also cannot raise the limit past $500.
The cash in my Fidelity CMA seems to get randomly allocated to the participating banks (at the moment, five have money allocated to them). There does not seem to be a "primary" bank assigned to the account. Fidelity's ATM cards are issued by PNC, which is not of one the deposit sweep banks.
I have more than 600 times as much money in my Fidelity accounts as my Schwab checking account, yet both have assigned a daily limit of $1,000 to my ATM cards.