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FNB eWallet Limits Essential Information Explained

FNB eWallet Limits: Essential Information Explained

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Many FNB eWallet users often wonder about the limits associated with this popular money transfer service.

As one of South Africa’s leading banks, FNB has millions of customers who rely on its eWallet for seamless transactions.

This article aims to shed light on the various limits users encounter when sending, receiving, or storing money in their eWallets.

FNB eWallet Limits: A Comprehensive Overview

  1. Maximum Amount in eWallet:
    • Limit: R10,000
    • You cannot exceed a balance of R10,000 in your eWallet at any given time. Additional funds can be added only by spending or withdrawing existing amounts to maintain this limit.
  2. Daily eWallet Spending Limit:
    • Limit: R5,000
    • Users can spend a maximum of R5,000 per day from their eWallet balances, ensuring a controlled and secure financial experience.
  3. Monthly eWallet Spending Limit:
    • Limit: R24,999
    • The monthly spending limit is capped at R24,999, allowing users to manage their eWallet transactions over the course of a month effectively.
  4. Daily Sending Limit:
    • Limits:
      • R5,000 (Easy, Zero, Aspire accounts)
      • R10,000 (Premier and Private clients)
      • R15,000 (Private Wealth and RMB)
    • The daily sending limit varies based on the type of account held, ranging from R5,000 to R15,000.
  5. Maximum ATM Send Limits (Per Transaction):
    • Limit: R1,500
    • Users can send, spend, or withdraw funds up to R1,500 per transaction at ATMs.

Here is about: Understanding FNB Account Opening Requirements and Fees

Understanding the Nuances

It’s important to note the distinctions in eWallet limits based on the type of transaction or account held. Whether you’re sending, spending, or withdrawing, these limits ensure a secure and controlled financial environment for users.

Conclusion

In conclusion, this article provided a comprehensive answer to the question: “What is the FNB eWallet limit?” By breaking down the various limits associated with daily spending, sending, and overall storage, users can make informed decisions and effectively manage their eWallet transactions within the prescribed boundaries.