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50. Regulatory Limits

By TymeBank - 12 August, 2020

50.1. There is an annual regulatory limit of R 1 million for South African citizens and permanent residents above the age of 18 years, and R 200,000 if you are below 18 years old.

50.2. These limits are combined across financial institutions. We may not process any transactions where your limit has been reached, regardless of whether the limit was reached at another financial institution, unless you have an authorisation from the South African Reserve Bank. You are liable to manage these limits.