Timon offers a range of card and wallet options designed to cater to your diverse spending needs, whether for local transactions or global purchases. Each product comes with specific transaction limits, allowing you to manage your finances effectively.
Below is a detailed guide to the transaction limits for each card and wallet type.
Card Transaction Limits
1. USD Physical Card (VISA)
Card Type: Physical
Currency: USD
Transaction Limit: $20,000 per month
Limit per Transaction: $2,500
2. USD Virtual Card (VISA)
Card Type: Virtual
Currency: USD
Transaction Limit: $10,000 per quarter
3. USD Virtual Card (Mastercard)
Card Type: Virtual
Currency: USD
Transaction Limit: $10,000 per month
4. NGN Virtual Card (Verve)
Card Type: Virtual
Currency: NGN
Transaction Limit: ₦10,000,000 per month
Wallet Transaction Limits
NGN Wallet
Minimum Single Amount (Outbound): ₦101
A ₦100 fee is charged upon withdrawal, so the minimum must be at least ₦101.
Maximum Single Outbound Transaction:
₦1,500,000 (Default)
₦5,000,000 (Address Verified)
Maximum Daily Outbound Limit:
₦1,500,000 (Default)
₦5,000,000 (Address Verified)
Maximum Daily Inbound Limit: Unlimited
Third-Party Inflow – Manual Review Thresholds:
Maximum Single Inbound: ₦5,000,000
Maximum Monthly Inbound:
₦10,000,000 (Default)
₦20,000,000 (Address Verified)
USD Wallet
Minimum Single Amount (Inbound & Outbound): $1
Maximum Single Outbound Transaction:
$1,000 (Default)
$4,000 (Address Verified)
Maximum Daily Outbound Limit:
$1,000 (Default)
$4,000 (Address Verified)
Maximum Daily Inbound Limit: Unlimited
Third-Party Inflow – Manual Review Thresholds:
Maximum Single Inbound:
$2,000 (Default)
$4,000 (Address Verified)
Maximum Monthly Inbound:
$2,000 (Default)
$4,000 (Address Verified)
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