Below are the minimum transfer limits in the UAE:
Domestic transfers
|
Bank |
Minimum |
|
Global lower limit |
AED 10 (or currency equivalent) |
|
EIB |
AED 100 (or currency equivalent) |
|
RAK Bank |
AED 100 (or currency equivalent) |
International Transfers
|
Bank |
Minimum |
|
Global lower limit |
USD 55 (or currency equivalent) |
Maximum transfer limits for both domestic and international transfers is now AED 1,000,000 (270,000 USD for USD account transfers) per transaction as Lean Technologies has now officially graduated from the ADGM RegLab, and has been granted an In-Principle Approval (“IPA”) to carry out the regulated activity of Providing Third Party Services.
Transaction limits are also subjected to:
- Bank specific single transaction maximum
- Limit set by the bank that restricts the maximum for an online transaction that can be initiated with a specific account type.
- User configured single transaction maximum
- Limit configured by the user in their user settings that restricts the maximum amount for an online transaction that can be initiated by their account.
- Account specific daily transaction aggregate maximums
- Limit configured by the user or set by the bank that restricts the aggregate sum of transaction amounts that can be initiated in a single day.
Please note:
- for domestic transfers we support both AED and USD transfers