BML lifts USD withdrawal limit
The limit on foreign transactions using BML cards has not been changed
Bank of Maldives lifted the USD withdrawal limit the bank imposed during the Covid-19 pandemic
Bank of Maldives (BML) has lifted the USD withdrawal limit the bank imposed during the Covid-19 pandemic.
BML made the announcement on Wednesday.
As such, the bank notes that effective from 1 February 2023, the monthly limit of USD 2,000 will be lifted. With this, customers can now withdraw USD 1,600 daily from the bank’s USD ATMs.
BML notes that the banks USD primary account customers can make daily international transactions up to USD 3,000 from their debit cards.
The bank however notes that the limit on foreign transactions using BML cards has not been changed even though the limit on withdrawal of dollars from ATMs and accounts has been lifted.
Customers are still allowed up to USD 750 monthly transactions from their credit cards and customers with MVR accounts as their primary BML accounts can make international transactions up to USD 250 monthly using their debit cards.
The USD accounts can be used for international money transfers through internet and mobile banking.
The Bank of Maldives currently has three USD ATMs; at Henveiru Marine Dream, Velana International Airport (VIA), and Renaatus Ithaa Muiy apartment complex at Hulhumalé.
