Ecocash Reviews Transactions Limits - Here Are The New Transaction Limits

The country’s leading mobile money platform has increased transaction limits for EcoCash subscribers, Techzim reports.

According to the blog, these are the new transaction limits:

Sending money (peer to peer)

The limit for sending money has been increased from $1 000 to $5 000 per transaction.

Merchant payment

Paying a merchant can now be done up to $10 000 in one transaction.

Bill payments

Bill payment limit is now $10 000 as well. The old limit was $2 000.

Daily limits

Debit card or a bank account can transact up to only $5 000 in any given day.

Customers who are linked to a debit card have their limits increased from $5 000 to $10 000.

Those with their EcoCash linked to a bank account can transact for up to $25 000.

There is now a new class of customers they are referring to as ‘Executive Grade.’ These customers are allowed to transact up to $30 000 in a day.

Monthly limits

Customers who are not linked to a debit card or a bank account are now allowed to transact up to $20 000 per month.

If linked to a debit card, customers will be allowed to transact up to $35 000 per month

Customers whose EcoCash wallet is linked to a bank account can now transact up to $150 000 in a month, up from $50 000.

The Executive Grade customers will transact up to a monthly limit of $250 000.

More: Techzim