What Are Transaction Limits?
The transaction limits on your DolarApp account define the maximum amounts you can send or receive via bank transfers within a single month.
At DolarApp, transaction limits apply to two types of operations:
Top-ups or deposits: Transfers from bank accounts or other DolarApp users.
Withdrawals: Transfers from your DolarApp account to bank accounts or other DolarApp users.
Transfers between DolarApp users: Internal transfers also count toward the monthly transaction limit.
Why Does My DolarApp Account Have Transaction Limits?
Transaction limits are designed to ensure a secure environment for both you and the financial system.
What Is the Default Limit on My DolarApp Account?
The default transaction limit for your account is $15,000 USDc, which resets on the 1st of each month.
Users in Argentina also have separate transaction limits for operations in Argentine pesos (ARS).
You can find more information here. If you exceed the limit and have pending transactions, these may be processed in the new month if they fall within the renewed limit.
For example:
If you deposit $7,500 USD in one month, only an additional $7,500 USD can be withdrawn during the same period.
If transfers of $10,000 USD (combining deposits and withdrawals) have already been made, only $5,000 USD remains available for the rest of the month. Limits reset automatically at 00:00 UTC on the 1st of each month.
The monthly limit applies to the sum of all incoming and outgoing transactions, as both count toward the total.
Payments made with the DolarApp card do not count toward the monthly transaction limit.
Can I Increase the Default Limit?
Yes, you can increase the default transaction limit. To do so, you simply need to verify the source of your income through the app.
You can submit various types of valid documents to verify your income, which will allow us to validate the origin of your funds. Examples of valid documents might include proof of economic activity, tax returns, or bank statements.
Follow these steps in the app to request a limit increase:
Open the app
Tap the menu in the top-left corner
Go to Transaction Limits
Tap Increase Limit.
Once approved, the increase will be immediately reflected in your account.
Do you have any questions?
If you need more information about your limits or the process to increase them, contact us through:
In-app chat: Available 24/7.
Email: Write to us at limits@dolarapp.com
Manage your transactions easily and securely with DolarApp! 🚀