Like other mobile banking, Upay has certain transaction limits. Upay account users can transact between TK 30000 to TK 50000 daily and up to 50 times daily. However, this transaction must comply with a certain limit.
Different transaction limits are given for sending money, cash in, cash out, Upay to a bank transfer, mobile recharge, bill payment, etc., in the Upay account.
Upay Mobile Banking Transaction Limit In 2024
Upay is a mobile financial service provided by United Commercial Bank Limited. It allows users to send and receive money, pay bills, and purchase goods and services using their mobile phones.
Upay is a convenient and secure way to perform financial transactions without cash. Below are the highest updated transaction limited information collected from the official website of the Upay account in the form of various points.
Upay Cash In Limit
First, let’s come to the Upay cash-in limit. A minimum of TK 50 and a maximum of TK 30,000 can be cashed each time in case of cashing into the Uapy account from any agent.
A maximum of 30,000 per day and 200,000 per month can be cashed in. However, 10 times per day and 100 times monthly can be cashed into the account.
Upay Cash Out Limit
Now let’s talk about the cashout limit. There are two types of limitations in case of cash out. One is cash out from any agent, and the other from any ATM. Below are the transaction limits of both these types.
Cash Out Limit From the Agent
A minimum of TK 50 and a maximum of TK 25,000 can be cashed out from any agent in the Upay account. A maximum of Tk 25,000 per day and 150,000 per month can be cashed out. But it is possible to cash out a maximum of 10 times and 100 times daily.
Cash Out Limit From ATM
At any ATM, a minimum of TK 500 and TK 25,000 can be cashed out from the Upay account. A maximum of 25,000 TK per day and 150,000 TK monthly can be cashed out. On the other hand, you can cash out a maximum of 5 times a day and a maximum of 20 times a month from an ATM.
Upay Send Money Limit
Now let’s come to the Upay send money limit. When sending money from the Upay account to any other Upay account, a minimum of TK 10 and a maximum of TK 25,000 can be sent each time.
A maximum of 25,000 TK per day and 200,000 TK per month can be sent. On the other hand, in the case of the count, a maximum of 50 times a day and a maximum of 100 times a month can be done.
Upay Mobile Recharge Limit
Many people want to know the transaction limit regarding mobile recharge from the Upay account. Instant mobile recharge is the best advantage of any mobile banking. However, like other mobile banking methods, a limit has been set for mobile recharge in the Upay account.
Regarding mobile recharge, a maximum of 50 times mobile recharges can be done daily and a maximum of 1500 times mobile recharges per month.
However, no limit has been set for the minimum and maximum amount of mobile recharge that can be done. However, a maximum of Tk 10,000 per day and a maximum of Tk 100,000 per month can be recharged.
Upay Bill Payment Limit
Now let’s come to the bill payment limit, which is mostly used in the case of the Upay account. All bills, including electricity, gas, and water, can be done at home through the Upayaccount.
However, in the case of bill payment, no limit has been set in the Upay account. Customers can make bill payments from the account in any amount and as often as they like.
Upay To Bank Transfer Limit
A bank transfer may be required from the Upay account in various cases. In that case, it is important to know the limit of how much money can be transferred from the bank account.
In the case of a bank transfer from the bank account, a minimum of TK 10 and a maximum of TK 50,000 can be transferred each time.
However, a maximum of 50,000 per day and t300,000 per month can be transferred to the bank. On the other hand, it is possible to transfer money from the account to the bank up to 50 times a day and up to 100 times a month.
Conclusion
Upay is a popular mobile financial service in Bangladesh that provides convenience and security to its users. The transaction limit imposed by Upay ensures the security of users’ accounts and prevents overspending.
You can request an increase if you must perform transactions exceeding the limit.
FAQs
- Can the transaction limit be increased?
Ans: Customers can request to increase their transaction limit by submitting a request to their bank. The bank will then review the request and determine if the limit can be increased.
- Can I use Upay for international transactions?
Ans: No, Upay is only available for domestic transactions within Bangladesh.
- What happens if I exceed the transaction limit?
Ans: If you exceed the daily or monthly transaction limit, your transaction will be declined by Upay.