What regulatory limits apply to outbound transfers?
Annual transaction limit
If you're a Singapore resident, the Payment Services Act mandates that your Revolut account be subject to an outgoing transaction limit of SGD$100,000 in a rolling 365-day period (“Flow Cap”).
We've applied an outgoing transaction limit of SGD$97,000 (or the foreign currency equivalent) to ensure that the sum of your outgoing transactions are kept within the Flow Cap. This internal limit is set to SGD$30,000 if you previously chose the lower limit.
This limit applies to all outgoing transactions except for the transactions outlined below.
Exempt 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: If you’re the person who set the Joint account up, the combined sum of all outgoing transactions from your personal and Joint account will count towards this internal limit.
Daily outgoing transaction limit
The daily outgoing transaction limit is set to SGD$1,000 by default for all Revolut accounts. You can choose to disable or adjust the limit. All outgoing transactions contribute towards this limit, except for certain types of transfers.
- Physical card payment
- Overseas ATM withdrawals
- Trading wallet top-up
- Flexible account top-up
- Commodities or crypto purchase
- Donations
- Transfers to same name beneficiary
For customers with Joint accounts: If you're the person who set the Joint account up, outgoing transactions from both your personal and Joint account will count towards this daily limit.