What are the prepaid e-money account limits?

Kat
Kat
  • Updated

There are different limits the for the prepaid e-money account and you can view them directly in the app by doing the following:

  • Open your Kroo app
  • Tap the ‘Profile’ tab at the bottom
  • Tap ‘Account limits

You’ll find the complete list of available limits below.


Adding money to your prepaid e-money account (inbound payments)

  • Daily limit:  £2000 (or a maximum of 15 transactions per day)
  • Monthly limit: 90 transactions
  • Yearly limit: 1,095 transactions

Your account can only accept GBP transfers, from UK bank accounts.


Sending money from your prepaid e-money account (outbound payments)

You can send a total of £1000 per day (or a maximum of 5 transactions per day).

Here's a table outlining our limits for sending money from your account in more detail:

Limit type

Daily

Weekly

Monthly

Annually

Individual transaction limit

£1000

£1000

£1000

£1000

Cumulative value limit

£1000

£5000

£10,000

£30,000

Cumulative frequency limit

5

15

30

300


Adding money to your prepaid e-money account

Inbound bank transfer – 15 transactions daily within a total amount of £2000


Sending money to your prepaid e-money account

  • Paying friends in-app (Kroo to Kroo) – £650 daily
  • Bank transfer – £1000 daily

Sending money from your prepaid e-money account to another Kroo account

Limit type

Daily

Monthly

Annually

Cumulative value limit

£650

£5000

£30,000

Cumulative frequency limit

100 Transfers

250 Transfers

1095 Transfers


Using your prepaid Mastercard® debit card

  • ATM withdrawals – £250 daily (maximum of 5 withdrawals per day)
  • Spending limit – £3750 daily
  • Contactless limit – £45 limit per transaction (you will be required to use your chip & pin after spending £250)

Spending overseas with your prepaid e-money account

  • Foreign ATM withdrawals – £250 daily (with no fees and no monthly limit)
  • Card transactions – Spend in over 140 currencies with no fees.

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