How do regulatory limits affect my usage?
The Payment Services Act requires us to restrict the amount of money that you can transact using your Revolut account. Revolut Singapore users can transact up to a limit of S$30,000 or foreign currency equivalent on an on a rolling 365 days basis. This limit applies to all transactions (including card payments, ATM withdrawals, and transfers), except:
- Local transfers to a personal deposit account held in your own name
- Local transfers to another person's personal deposit account
- International transfers to a personal deposit account held in your own name
- For details on the Payment Services Act, please refer here.
- For details on an external account, please refer here.
- For details on how to set up an external account, please refer here.