What are the Mukuru card limits? It’s something about which a number of people in South Africa have been looking to find out. Mukuru is one of the most popular means by which foreign nationals living and working in the country send money back home. Mukuru can also be used locally in South Africa. As an example, you can receive your salary into your Mukuru card. For that you need to have a Mukuru card. But what are the limits on this card?
What are the Mukuru card limits?
The following are the Mukuru card limits;
|Limit Type||Maximum Limit||Maximum Number of Transactions|
|Load Amount per month||R25,000.00||Unlimited|
|POS Limit per day||R25,000.00||8|
|POS Limit per month||R25,000.00||20|
|Daily ATM Withdrawal||R 5,000.00||3|
|Monthly ATM Withdrawal||R25,000.00||12|
What does this mean?
Those are the Mukuru card limits. In this section, we are going to explain what these limits mean? In the first place, you need to understand that you can only transact to the tune of R25000 per month using your Mukuru card.
In fact, R25000 is also the maximum amount that can be in your Mukuru card. You cannot have R26000 in the card as an example. If you wish to add money to the card, you will have to withdraw some of the money that’s already in there.
That’s assuming that you haven’t already exhausted to monthly limit. The good thing is that you can buy to the tune of R25000 at POS machines in one day. However, if you wish to withdraw your money as cash at an ATM, you will have to do so in batches of R5000 per day. The maximum monthly withdrawal is R25000.
In this article, we showed you the Mukuru card limits. It was noted that if you have this card, you can transact to the tune of R25000 per month. Withdrawals are limited to R5000 per day. Meanwhile, you have up to 8 POS transactions per day totalling R25000.