Bank of Maldives (BML) on Wednesday announced it has increased the monthly foreign transaction limit for debit cards for students abroad, to USD 1,200.
According to the national bank, this limit increment, which would become available in the countries of the residence of these students, will be effective from November 1, 2024.
“While there continues to be challenges with USD availability, we also recognize the difficulties faced by students abroad,” said Mohamed Shareef, the first-ever Maldivian CEO of the bank said.
“Today’s announcement reflects our commitment to prioritize and support their everyday financial needs while overseas.”