Sending and spending limits if you live in Singapore

Due to local regulations, If your registered address is in Singapore, you’ll have limits on the amounts you can send, spend, and hold in your personal Wise account.

Here, we cover what the limits are for sending money out of your account, and spending with your Wise card.

Read about holding limits if you live in Singapore

What are the send and spend limits? 

For personal accounts in Singapore, you can't send or spend more than 100,000 SGD or equivalent from your balances in a fixed 12-month window, starting from 1 April to 31 March of the following year.

There’s a separate 50,000 SGD monthly limit when spending with your Wise card.

There are no send and spend limits for Wise Business accounts — except for the team spending limit.

Transaction limits

For personal customers, there's a default 1,000 SGD transfer limit.

• When sending more than this amount, you’ll be able to update the limit immediately during the transfer creation step and continue with the transfer as usual.

• You can also adjust your transaction limit by going to Payments and selecting Change transfer limit.

How does Wise calculate my send and spend limits?

Spending with your Wise card or sending certain types of transfers count towards your send and spend limit of 100,000 SGD. 

Transactions that count towards your 100,000 SGD limit

All Wise card transactions, including:

• Spending with your Wise card

• Withdrawing cash at an ATM

Transfers from the Cash held in your Wise balances or Jars to certain recipient types, including: 

• someone else’s international bank account or their Wise account

• domestic (based in Singapore) or international (based overseas) business bank accounts

Transactions that don’t count towards your 100,000 SGD limit

Transfers from the Cash held in your Wise balances or Jars that don’t count towards your limit includes:

• someone else’s domestic bank account 

• your own domestic or international bank account that’s in your name

The following types of payments:

• Transfers paid with external accounts, such as your bank account, non-Wise debit card, or PayNow

• Transfers paid from your Wise Interest or Stocks balances or Jars. 

• Balance conversions from Cash to Interest or Stocks, or from Interest or Stocks to Cash 

What happens if I exceed the send and spend limit?

If you exceed the send and spend limit of 100,000 SGD, you won’t be able to spend with your Wise card or send money from your Cash balances or Jars to certain recipient types.

Here’s what you can do instead:

• pay for your transfer with an external account, such as by bank transfer, debit card, or PayNow — these payment methods don’t count towards your limit

• consider switching your SGD or USD balances and Jars to Interest or Stocks — money that you send from your Interest or Stocks balances doesn’t count towards your limit

When do my send and spend limits reset?

Your 100,000 SGD sending and spending limit resets on April 1st each year.

Can I decrease or increase my send and spend limits?

If you'd like to decrease your send and spend limit from 100,000 SGD to 30,000 SGD, please reach out to our Customer Support.

To qualify for the lower limit, your total send and spend amounts must not exceed 30,000 SGD within the 12-month period from April 1 to March 31 of the following year.

If you decreased your limits, but want to increase it back again, you can reach out to our Customer Support — we may ask you additional questions or supporting documents for verification.