What are my Xapo card's spending limits?
Transactions and spending
Xapo Bank offers a daily spending limit feature for both physical and virtual cards. This feature is designed to give you control over your spending by allowing you to set personal spending limits within the maximum daily limits established by Xapo Bank.
What are my Xapo card's spending limits?
Xapo Bank offers a daily spending limit feature for both physical and virtual cards. This feature is designed to give you control over your spending by allowing you to set personal spending limits within the maximum daily limits established by Xapo Bank.
Maximum Daily Spending Limits:
For card purchases, including both in-store and online transactions, the maximum daily limit is set at $ 50,000. For ATM withdrawals, the maximum daily limit is $2,000. These limits are determined by Xapo Bank and are subject to change.
Limits Customization for Each Xapo Card
You have the flexibility to assign unique spending limits for each of your Xapo cards, applicable to both purchases and ATM withdrawals. This feature is an important tool for minimizing financial exposure in case of unauthorized access or compromised card details.
Daily Limit Reset Cycle
The spending limit adheres to a 24-hour cycle, which resets daily at 00:00 UTC. For your convenience, this cycle is displayed in the Xapo Bank app as per your local time zone. All spending limits are reset at the beginning of each new cycle.
Monitoring Limits through the Xapo Bank App
You can monitor your spending in the Xapo Bank app, which displays:
the maximum default limits set by Xapo Bank for each type of card; personalized daily limits set by you for each card; the current utilization of the daily limit for each card, updated in real-time.
Advantages of Daily Spending Limits
The daily spending limit feature is a proactive financial management tool for our cardholders. It is intended to enhance control over personal finances and reduce the risk of losses arising from fraudulent use. By providing a secure and manageable spending framework, we aim to increase cardholders' confidence and engagement with their cards, leading to more active and responsible card usage.
If you require assistance, please reach out to us via in-app chat or email [email protected]. We would be happy to help.
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