What is the transaction limit for Visa card?

Visa Card Transaction Limits: Understanding ATM Withdrawal Limits

Visa, a widely accepted payment network, imposes transaction limits to protect cardholders and prevent fraud. These limits vary depending on the type of transaction and the cardholder’s age.

International Debit Card Transaction Limits

When using a Visa debit card for international transactions, the following limits apply:

• Daily limit: This refers to the maximum amount of money that can be spent on a given day. The daily limit varies depending on the card issuer but is typically set between $500 and $1,000.
• Monthly limit: This specifies the maximum amount of money that can be spent over a calendar month. The monthly limit is usually significantly higher than the daily limit, ranging from $2,000 to $10,000.

Additional Limits for Cardholders Over 15

For cardholders over the age of 15, Visa imposes specific limits on ATM withdrawals:

• Daily limit: The daily ATM withdrawal limit is typically set at $500.
• Monthly limit: The monthly ATM withdrawal limit is usually higher, ranging from $1,000 to $2,000.

These limits are designed to protect cardholders from unauthorized access and excessive spending. Cardholders should be aware of these limits and plan their transactions accordingly to avoid any inconvenience.

Exceptions and Variations

It’s important to note that these limits may vary depending on the specific card issuer. Some banks may offer higher or lower limits based on the cardholder’s creditworthiness and account history. Additionally, cardholders may request temporary increases in limits for special circumstances, such as travel or large purchases.

Conclusion

Understanding the transaction limits for Visa cards, particularly for international debit transactions and ATM withdrawals, is crucial for cardholders. By being aware of these limits, cardholders can manage their finances effectively and avoid any potential inconvenience caused by exceeding the thresholds.