International Money Transfer Limits
Many countries have limits on outward foreign currency flows. Kindly take a note of international money transfer limits as per your country of residence, mandated by local regulatory authorities, as well as by Instarem. Please note this list is updated on a periodic basis.
Limits on Outward Flow of Remittance (Individual users)
Country | Minimum transfer amount - Native currency (Instarem) | Minimum transfer amount - Other currencies (Instarem) | Payment methods & maximum transfer amounts | Comments |
---|---|---|---|---|
Australia | AUD 1 | N/A |
| Instarem limits |
Hong Kong | HKD 1 | USD 1 |
| Instarem limits |
Singapore | SGD 1 | USD 1 |
| Instarem limits |
Malaysia | MYR 1 | N/A |
| Regulatory limits |
India | INR 5000 | INR 19,000,000 |
| Regulatory limits |
Europe | EUR 1 | N/A |
| Instarem limits |
United Kingdom | GBP 1 | N/A |
| Instarem limits |
United States | USD 1 | N/A | Per transaction limit
Monthly limits
| Instarem limits |
Canada | CAD 1 | N/A | INTERAC e-Transfer:
| Instarem limits |
Japan | JPY 1 | N/A | Bank Transfer:
| Instarem limits |
Besides the above limitations on outward remittances in various countries, regulations in receiving countries also impose limits on maximum inward remittances to individual and business recipients in the country. Please find a list of countries below with regulatory limits on inward money transfers. In some cases, we have also included possible limits by local banks.
Limits on Inward Flow of Remittance
Country | Business to Business | Business to Individual | Individual to Individual |
---|---|---|---|
India | 1.5 Million INR (approx. USD 25,000) per transaction per day for Trade
| No limit | No limit |
Philippines |
|
|
|
Indonesia | No Limit | No Limit | No Limit |
Thailand
|
|
|
|
Malaysia | No Limit | No Limit | No Limit |
Singapore | No Limit | No Limit | No Limit |
Bangladesh | No Limit | No Limit | No Limit |
Hong Kong
| No Limit | No Limit | No Limit |
Sri Lanka
| No Limit
| No Limit
| No Limit
|
Vietnam
| - |
|
|
China - (CNY) | Currently, we do not support this service. | Currently, we do not support this service. |
|
China - (USD) | No Limit
| No Limit
| |
Nepal
| No Limit
| No Limit
| No Limit
|
Australia
| No Limit | No Limit | No Limit |
UK | No Limit
| No Limit
| No Limit
|
South Korea
| Per Transaction Limit: USD 3,000 equivalent.
| Per Transaction Limit: USD 3,000 equivalent.
| Per Transaction Limit: USD 3,000 equivalent. |
Pakistan
| No Limit
| Daily limit per beneficiary: USD 3,000 equivalent.
| Daily limit per beneficiary: USD 3,000 equivalent.
|
Ghana
| Minimum transaction amount: GHS 50
| Minimum transaction amount: GHS 50
| Minimum transaction amount: GHS 50
|
Nigeria
| Minimum transaction amount: NGN 50
| Minimum transaction amount: NGN 50
| Minimum transaction amount: NGN 50
|
Tanzania | No Limit
| No Limit
| No Limit
|
Uganda
| Minimum transaction amount: UGX 50
| Minimum transaction amount: UGX 50
| Minimum transaction amount: UGX 50
|
The above information is provided on ‘as-is’, ‘as-available’ basis only. The above information is subject to change and will be periodically updated. Although every effort is made to ensure the reliability of the information above, we encourage you to do a thorough esearch through various Government and other sources to reach a conclusion. This shall not constitute as a warranty, either expressed or implied with regards to the accuracy and adequacy of any information stated herein. Instarem would not be liable for any discrepancy, or any loss or damage arising as a result of the above data.