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Understanding the Transaction Limits of Timon Cards and Wallets

Blessing avatar
Written by Blessing
Updated over 2 weeks ago

Timon offers a range of card and wallet options designed to cater to your diverse spending needs, whether for local transactions or global purchases. Each product comes with specific transaction limits, allowing you to manage your finances effectively.

Below is a detailed guide to the transaction limits for each card and wallet type.



Card Transaction Limits

1. USD Physical Card (VISA)

  • Card Type: Physical

  • Currency: USD

  • Transaction Limit: $20,000 per month

  • Limit per Transaction: $2,500

2. USD Virtual Card (VISA)

  • Card Type: Virtual

  • Currency: USD

  • Transaction Limit: $10,000 per quarter

3. USD Virtual Card (Mastercard)

  • Card Type: Virtual

  • Currency: USD

  • Transaction Limit: $10,000 per month

4. NGN Virtual Card (Verve)

  • Card Type: Virtual

  • Currency: NGN

  • Transaction Limit: ₦10,000,000 per month



Wallet Transaction Limits

NGN Wallet

  • Minimum Single Amount (Inbound & Outbound): ₦101

    A ₦100 fee is charged per transaction, so the minimum amount must be at least ₦101.

  • Maximum Single Outbound Transaction:

    • ₦1,500,000 (Default)

    • ₦5,000,000 (Address Verified)

  • Maximum Daily Outbound Limit:

    • ₦1,500,000 (Default)

    • ₦5,000,000 (Address Verified)

  • Maximum Daily Inbound Limit: Unlimited

  • Third-Party Inflow – Manual Review Thresholds:

    • Maximum Single Inbound: ₦5,000,000

    • Maximum Monthly Inbound:

      • ₦10,000,000 (Default)

      • ₦20,000,000 (Address Verified)

USD Wallet

  • Minimum Single Amount (Inbound & Outbound): $1

  • Maximum Single Outbound Transaction:

    • $1,000 (Default)

    • $4,000 (Address Verified)

  • Maximum Daily Outbound Limit:

    • $1,000 (Default)

    • $4,000 (Address Verified)

  • Maximum Daily Inbound Limit: Unlimited

  • Third-Party Inflow – Manual Review Thresholds:

    • Maximum Single Inbound:

      • $2,000 (Default)

      • $4,000 (Address Verified)

    • Maximum Monthly Inbound:

      • $2,000 (Default)

      • $4,000 (Address Verified)

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