What is my Maximum Account Limit?
Your KYC level determines your account limit.
Level 1:
Single transfer limit -0
Daily transfer limit- 0
Wallet limit - 0
Level 2:
Single transfer limit -N50,000
Daily transfer limit- N300,000
Wallet limit - N500,000
Level 3:
Single transfer limit -N1,000,000
Daily transfer limit- N5,000,000
Wallet limit- N999,999,999.99
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How do I get a higher pre-approved limit?
You can increase your pre-approved limit by making regular purchases and maintaining a healthy repayment history. Additionally, your spending limit may be influenced by how active your Carbon account is and your savings history with Carbon
How can I increase my spending limit?
To increase your spending limit, simply select the "improve spending limit" option in the app and link your bank statement.
How can I increase my transfer limit?
To increase the transfer limit on Carbon, we will require you to upgrade to the different KYC levels. Your KYC level determines your account limit. Level 1: Single transfer limit -N1,000 Daily transfer limit- N10,000 Wallet limit -N100,000 Level 2: ...
What is my daily spend limit on ATM withdrawal and POS purchases?
Your weekly spend limit on your debit card #500,000.
Exceeds Withdrawal Limit
Description of problem This is an error from your bank indicating one of the following: That the transaction will bring your account balance below the limit set by the bank, or You have exceeded your daily transaction limit for that account ...