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Is the limit for bank withdrawals daily?

Is the limit for bank withdrawals daily or per transaction only?


  • TristanP
    TristanP Member Posts: 49 ✭✭
    edited March 2015
    Yes. To find out what these limitations are you should login at your account and select Terms & Conditions.

    For reference only I will post the relevant terms & conditions of my account. Please note however that you may have signed up under different terms, for instance when you signed up via 3rd parties like Fiverr.

    7. Limits on Transactions

    For security reasons, you may only make up to ten (10) withdrawals per any 24 hour period at ATMs and the total number of transactions you can make using POS terminals is nine (9) transactions per any 24 hour period. You may not make more than USD 5,000 / EUR 5,000 / GBP 5,000 in transactions of any type from your Card per any 24 hour period (the relevant limit applies according to the card currency). Any transaction made on a non-business day is considered made on the next business day. You may not use your Card for any illegal transactions or at gambling sites or for any gambling activity.

  • James Kingston
    James Kingston Member Posts: 3
    edited March 2015

    You can't simply answer "Yes" to such a question.
    I didn't ask about about ATMs withdrawals. My question is about withdrawals from Payoneer to my bank account and there isn't any calrification releated to my question inside the ToS.
  • TristanP
    TristanP Member Posts: 49 ✭✭
    @James Kingston, my bad. I mistakenly read the question as 'is there a [..]' and missed the word bank.
    For bank withdrawals there also are limits. From the Withdrawal FAQ:

    Are there any limits for transferring and receiving money?

    • Yes, there are some limits that may vary according to your country and currency requested. Your exact limits will be displayed to you when you “Add Bank Account” to your withdrawal profile.
    • * The requested transfer amount including the transfer fee cannot exceed your available account balance.

    If you already added a bank account to your account and go to Withdraw, followed by My Bank Account you will be presented with something like the following:

    Sorry for misreading your question. Hope this will help you out.

  • TristanP
    TristanP Member Posts: 49 ✭✭
    Moment... Before you dislike my last reply too. You of course meant if these withdrawal limits are per day or per transaction.
    As they don't state any limitations besides the minimum and maximum amount of a withdrawal, you may assume you could make extra withdrawal requests as if there are no limits specified for that.