Money Transfer Limits Explained: What Are the Maximum Amounts You Can Send

Money Transfer Limits Explained: What Are the Maximum Amounts You Can Send

Get Fin.do

Financial institutions such as banks and money transfer providers have rules and regulations that limit the amount of money you can transfer. These regulations are important and necessary because they ensure your payments and transfers are securely processed and delivered.

Transfer limits depend on a variety of factors including the payment method, currency, country, or specific bank policy.

So how do you know how much you can send? Continue reading below to learn more about how transfer limits work.

Bank transfer limits

All banks have a maximum limit on the amount you can transfer domestically and internationally.

These limits can vary widely between banks, which is why you must check this information with your bank directly, particularly if you are planning on moving large movements of funds.

Within each bank, transfer thresholds vary depending on several factors.

Domestic vs international transfers

Domestic transfers (ACH or wire transfers in the US) can have different limits than international transfers (SWIFT or SEPA transactions). Learn more about SWIFT transfers and SEPA transfers.

Instant vs next-day vs standard transfers

Generally, international transfers can be delivered instantly or within 24 hours by certain banks for an additional charge. This is only possible when sending lower amounts than in standard transactions.

Business vs personal accounts

Business or corporate transaction limits typically have higher limits than personal transfers (between individuals).

Country and currency

The country and currencies involved in a transfer also play a role in transfer limits with some banks. As an example, Revolut transfers in INR to India have a limit of £5,000/day - and the same applies to IDR to Indonesia, MYR to Malaysia.

Sending more than your bank’s transfer limit

Sometimes, it is possible to increase transfer limits permanently (if the bank offers this option) or temporarily (per transfer) by providing additional documentation regarding your transaction purpose and/or your identity.

You can avoid bank limitations and fees on instant transfers, for example, by using an alternative transfer service like Fin.do, which lets you send money instantly to any country, for no additional fees.

Card transfer limits

Card to card or person to person transfers are a quick, convenient way to transfer money to someone or between your accounts.

Since such transfers are settled faster (usually in 1-2 days or within hours) and require less complex payment details, they have lower sending limits compared to bank account transfers.

When you make a transfer using a digital wallet or money transfer app, your available balance is the maximum you’ll be able to send.

USD transfer limits

Some banks or payment providers can have currency-specific limits, for example for transfers in international currencies such as USD or EUR.

In the case of WISE, for example, USD transfers to cards outside the US are limited to $2,000 per day.

With Fin.do, you may send up to USD $2,500 per day to any card in 150+ countries.

EUR transfer limits

Transfers in Euros within SEPA are subject to maximum limits imposed by the European Central Bank, but each bank can set their own, lower limits.

To find out what the limits are on SEPA transfers from your account, check your bank’s policy.

Fin.do transfers in EUR are allowed across 150+ countries and do not have regional limits.

Fin.do transfer limits

Money transfer limits are important because they serve multiple critical purposes, such as:

  • ensuring transfer security;
  • compliance with anti-money laundering regulations;
  • meeting financial requirements;
  • ensuring data security for everyone involved.

How transfer limits work in Fin.do

Fin.do offers the same transfer limits regardless of the card (credit vs debit; personal vs business), country, or currency you send.

Fin.do transfer limits can be increased by completing identity verification:

Transfer limits*Standard AccountVerified Account
Per day$2,500$2,500
Per month per card$7,000$10,000
Per month per account (all cards combined)$35,000$50,000

*in USD or the equivalent in your local currency

Please note that Fin.do transfer limits cannot overrun your bank’s maximum limits.

How to complete ID verification in Fin.do

Verification is a simple and straightforward process. You need to make at least one transaction with Fin.do before you can request your identity to be verified.

All you need to provide is a photo of your ID - such as your passport, driver’s license, national ID card, or residency card.

Here is how to start verification in Fin.do: Limits blog visual.png

Verification may take up to 3 business days. Once your account has been verified, you can transfer money according to your new transfer limits.

To keep you and your money safe, please be aware that our team can require additional documentation, as well as request identity verification documents if we detect any unusual activity in your account.

How Fin.do money transfers compare

Transferring money with Fin.do provides several benefits compared to banks and other money transfer services:

  • No additional charges for instant transfers: all Fin.do transfers within transfer limits are delivered instantly (locally and abroad);
  • No special limitations for USD and EUR transfer;
  • All our supported currencies and countries are subject to the same limits;
  • Fast and easy verification process.

Navigating the world of money transfer limits may feel somewhat complex, but it is important to understand these different restrictions in order to choose the best payment method for your needs.

If you are looking for a reliable, quick, and flexible way to send money locally or abroad, give Fin.do a try.

And if you have any questions or need help with verification in Fin.do, please reach out to us here.

Download Fin.do to send money today

Countries we work in

Are you planning to transfer money abroad? Fin.do is currently available in these countries: