Bank of Maldives (BML) lifted the USD ATM withdrawal limit it had imposed during the Covid-19 pandemic, on Wednesday.
The bank claimed that effective from February 1, the monthly limit of USD 2,000 will be lifted. With this, customers can now withdraw USD 1,600 daily from the bank’s USD ATMs.
BML currently has dollar ATMs at H. Marine Dream, Velana International Airport (VIA), and Renaatus Ithaa Muiy apartment complex at Hulhumale’.
According to the bank, customers with USD primary accounts can make daily international transactions of up to USD 3,000 from their debit cards. Additionally, dollar accounts can be used for international money transfers via internet and mobile banking.
While the limit on dollar withdrawals from ATMs and accounts has been lifted, the limit on foreign transactions using BML cards will remain intact.
Customers are still allowed up to USD 750 monthly transactions from their credit cards. Moreover, customers with MVR primary accounts can make international transactions of up to USD 250 monthly using their debit cards.