What regulatory limits apply to outbound transfers?
Annual transaction limit
The Payment Services Act requires us to restrict the amount of money you can move using your Revolut account. Customers in Singapore can move up to SGD100,000 (or foreign currency equivalent) on a rolling 365-day basis.
This limit applies to all transactions, including transfers to other Revolut customers.
Exempted transactions
- 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 customers with Joint accounts, this limit applies to the combined transactions of your personal and Joint account, if you’re the one who set the Joint account up.
Daily outbound transaction limit
The default daily outbound transaction limit is SGD1,000 for all Revolut accounts. You can choose to disable or adjust the limit. All outbound transactions contribute towards this limit, except for certain types of transfers.
For customers with Joint accounts, this limit applies to the combined transactions of your personal and Joint account, if you’re the one who set the Joint account up.