A transfer limit, in banking and money transfer, is a cap on how much a customer can send. A request above the cap is refused or held until the customer provides more information.
Limits come from three sources. Providers set their own as a fraud and risk control, often starting low for new customers and rising with account history. Regulators link limits to the level of identity verification, as in tiered KYC, and some countries cap how much residents may send abroad under exchange control rules. Payment schemes and partners also impose ceilings, such as a per-payment maximum on an instant payment system or a cash payout limit at an agent. Customers can usually raise a provider limit by supplying documents on identity and source of funds, a step related to enhanced due diligence. Splitting a transfer to stay under a limit or reporting threshold is structuring and is treated as suspicious.