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Revolut Technologies Singapore Pte Ltd (U.E.N. 201721013G) (“RTSPL”) is regulated by the Monetary Authority of Singapore under the PS Act. As a regulated e-wallet issuer, the e-wallet accounts that we issue to our retail customers residing in Singapore are subject to stock and flow caps.

• 'Stock cap' refers to your maximum end-of-day account balance
• 'Flow cap' refers to the maximum total amount of funds transferred from your account in any period of one year, other than for transfers to a (a) local personal deposit or (b) overseas personal deposit account held in your name (“external account”)

The Stock cap mandated under regulations is SGD$20,000. However, our internal limit is set to SGD$19,800 (or the foreign currency equivalent) to make sure we can keep your balance within the Stock cap. You can opt for a lower limit of SGD$4,800, but this decision is irreversible.

This means if you've linked an external account to your e-wallet, you can hold more than SGD$19,800 or foreign currency equivalent. Any exceeding balance will be transferred to your account at the end of the day. If required, other currencies will be converted to SGD before transfer.

If you don't have an external account set up, you can only hold up to SGD$19,800 or foreign currency equivalent during the day (or up to SGD$4,800 if you opted for the lower limit). This also means you can't top up by more than this, or receive transfers greater than this amount.

The Flow cap mandated under regulations is SGD$100,000. However, our internal limit is set to SGD$97,000 (or the foreign currency equivalent) to make sure we can keep your balance within the Flow cap. You can also opt for a lower limit of SGD$30,000, but this decision is irreversible.

This means you have a rolling 365-day transaction limit of up to SGD$97,000 (or the foreign currency equivalent), so you can't make more than SGD$97,000 worth of transactions per year. The limit will be SGD$30,000 if you select the lower cap. The limit doesn't apply to:

• Local or international transfers to an external account held in your own name
• Local transfers to someone else's external account

Stock cap: For primary account holders of Joint accounts, the end-of-day limit of up to SGD$19,800 applies to the combined balances of your personal and Joint account.

Flow cap: For primary account holders of Joint accounts, the rolling 365-day transaction limit of up to SGD$97,000 applies to the combined transactions of your personal and Joint account.

You can't apply for additional accounts if you exceed either limit. We only offer one personal and one Joint account per customer. For more information on the above, refer to our T&Cs.