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What are my card limits for purchases?
The Truly Financial corporate Visa card has flexible limits for spending. You can assign limits to each team member as needed – a per transaction limit as well as a monthly limit. The same limits are applicable to online and in-store payments.
The maximum amount that one may be able to spend on a single payment is the minimum of any of the following:
- Available funds in the checking account linked to the card
- Per transaction limit set up for the SmartSpend account;
- USD 25000 or equivalent.
Example 1:
If the funds in the account are $9,000, and the limit per transaction is $10,000, the maximum amount that can be spent on the card would be $9,000.
Example 2:
If the funds in the account are $30,000, and the limit per transaction is $10,000, the maximum amount that can be spent on the card would be $10,000.
Example 3:
If the funds in the account are $50,000, and the limit per transaction is $30,000, the maximum amount that can be spent on the card would be $25,000.