Saturday, 17th July – following the limitations on credit-card transactions on foreign purchases effective on 16th September 2020, Bank of Maldives has announced new changes to the limit.
As confirmed by the bank on Saturday, the new limit observes an increment to USD500 per card “for all Bank of Maldives credit cards for use on foreign transactions.”
Moreover, the limit remains applicable for every 30-day period meaning that transactional limit gets renewed following the said period.
Meanwhile, BML had further reported that the existing limit of USD250 will continue for all debit cards used locally that are linked to Maldivian Rufiyaa accounts. Similarly, much like before – following the limitation in September – customers with debit cards linked to USD accounts can continue with a daily limit of USD3,000.
Furthermore, customers living abroad will continue to have the previous limitation of USD750 per month, per card.
On the other hand, BML assures that the bank will “continue to support all medical and education payments through card with temporary changes to the limits.” Noting that customers must provide supporting documents for these via Internet Banking for approval.