Need a hand?

Just pop your question below to get an answer.

Topics
Personal · Transfers · Sending a bank transfer

What regulatory limits are imposed on outbound transfers from Revolut?

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 a rolling 365 days basis. This limit applies to all transactions (including P2P transfers to other Revolut users), except certain types of transfers.

The types of transfers that are exempted from the annual transaction limit are:

  • 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.