Does Grab have a spending limit?

Grab Raises Daily Cashout Limit: Enhanced Flexibility for Users

Effective November 15, 2024, Grab, the leading Southeast Asian superapp, is implementing a significant increase in its daily cashout limit. The new limit will be PHP 50,000, up from the previous amount.

This enhanced cashout limit aligns with Grab’s commitment to provide greater financial flexibility and convenience to its users. It enables them to seamlessly withdraw larger amounts of funds on a daily basis.

Grab offers a range of cashout options, including transfers to bank accounts, e-wallets, and cash pickup. These options cater to the diverse needs of users, allowing them to manage their finances in a way that best suits their preferences.

The increased cashout limit provides users with the ability to:

• Transfer larger amounts of funds to various accounts for payments, investments, or savings
• Withdraw larger amounts of cash for personal or business expenses
• Access funds more easily and efficiently, reducing the need for multiple cashouts

Grab users are advised to update their Grab app to the latest version to take advantage of the new cashout limit. For more information, they can visit the Grab Help Center or contact Grab customer support.

About Grab

Grab is Southeast Asia’s leading superapp, providing a wide range of services including transportation, food delivery, payments, and financial services. It operates in over 400 cities across eight Southeast Asian countries. Grab is committed to innovation and empowering the region’s consumers and businesses.