Bank of Maldives (BML) announced lifting the USD ATM withdrawal limit on Wednesday, 01st February 2023.
The bank had imposed dollar withdrawal restrictions earlier in 2020 following the Covid-19 pandemic.
Effective from 01st February, the monthly limit of USD 2,000 will be lifted. Customers will now be able to withdraw USD 1,600 daily from BML’s USD ATMs.
BML has dollar ATMs at H. Marine Dream, Velana International Airport (VIA), and Renaatus Ithaa Muiy apartment complex at Hulhumale’.
Customers with USD primary accounts can make daily international transactions of up to USD 3,000 from their debit cards. Dollar accounts can also be used for international money transfers via internet and mobile banking platforms.
Despite removing restrictions from ATM and USD primary account transactions, the bank will maintain the restriction on foreign transactions using BML cards.
Customers are still allowed up to USD 750 monthly transactions from their credit cards. Moreover, customers with MVR primary accounts will have up to USD 250 monthly limit on their debit cards for international transactions.