Timon offers a range of card and wallet options designed to cater to your diverse spending needs, whether for local transactions or global purchases. Each product comes with specific transaction limits, allowing you to manage your finances effectively.
Below is a detailed guide to the transaction limits for each card and wallet type.
Card Transaction Limits
1. Timon Blue Physical card (VISA)
Card Type: Physical
Currency: USD
Address: Nigeria
Transaction Limit: $20,000 per month
Limit per Transaction: $2,500
Contactless Limit: $100
2.Timon Blue Virtual Card (VISA)
Card Type: Virtual
Currency: USD
Address: Nigeria
Transaction Limit: $10,000 per quarter
Limit per transaction; $2,500
4. NGN Card (Verve and AfriGo)
Card Type: Virtual
Currency: NGN
Address: Nigeria
Transaction Limit: ₦10,000,000 per month
Limit per transaction: ₦1,000,000
5. Timon Solo
Card Type: Virtual
Currency: USD
Address: U.S Address
Transaction Limit: $10,000 per month
Limit per transaction; $10,000
6. Timon Black
Card Type: Virtual
Currency: USD
Address: U.S Address
Transaction Limit: $25,000 per month (Upgradeable)
Limit per transaction; $10,000
Wallet Transaction Limits
NGN Wallet
Minimum Single Amount (Outbound): ₦101
A ₦100 fee is charged upon withdrawal, so the minimum must be at least ₦101.
Maximum Single Outbound Transaction:
₦1,500,000 (Default)
₦5,000,000 (Address and International Passport Verified)
Maximum Daily Outbound Limit:
₦1,500,000 (Default)
₦ 5,000,000 (Address and International Passport Verified)
Maximum Daily Inbound Limit: Unlimited
Third-Party Inflow – Manual Review Thresholds:
Maximum Single Inbound: ₦50,000
Maximum Monthly Inbound:
₦ 100,000 (Default)
₦ 5,000,000 (Address and International Passport Verified)
USD Wallet
Minimum Single Amount (Inbound & Outbound): $1
Maximum Single Outbound Transaction:
$1,000 (Default)
$4,000 (Address and Passport Verified)
Maximum Daily Outbound Limit:
$1,000 (Default)
$4,000 (Address and Passport Verified)
Maximum Daily Inbound Limit: Unlimited
Third-Party Inflow – Manual Review Thresholds:
Maximum Single Inbound:
$500 (Default)
$500 (Address and Passport Verified)
Maximum Monthly Inbound:
$2,000 (Default)
$4,000 (Address and Passport Verified)