MTN MoMo Transaction Limits (Sending, Withdrawal, Balance)

Mtn MoMo transaction limits are instituted to regulate cash transfers among Mtn subscribers per the regulation. 

Founded in 2010, Mtn Cameroon Mobile Money has since extended its services to include money transfers, bill payments, school fee payments, and mobile banking.

Mtn MoMo competes with Orange Money and other mobile money service providers in Cameroon.

MTN Group overseas transactions in Ghana, Cameroon, Uganda, Rwanda, Benin, Congo, Nigeria, etc.

Suggested: How to open or create an MTN Mobile Money account or wallet Online.

MTN Cameroon MoMo Transaction Limits (Cash In, Cash Out, and Main Balance)

Below are the transaction limits enforced on MTN Mobile Money accounts in Cameroon:

• The limit per transaction for cash-in is 500000 FCFA.
• The daily limit for cash-in is 2000000 CFA 
• The maximum amount transferable from a bank account per transaction is 500000 FCFA.
• The daily limit for Bank to Mtn MoMo transfer is 500000 FCFA.
• The limit per transaction for cash-out is 500,000FCFA, and the cash-out daily limit is 750,000 FCFA.
• The limit per transaction for Peer-to-Peer transfers is 1000000 FCFA.
• The daily P2P limit is 1500000 FCFA.
• Payment limits are set at 1,000,000 FCFA per transaction.
• The daily limit for payments is 1500000 FCFA.

What are the limits for all MTN Mobile Money transactions? (Day, Week, and Month)

The limits for all transactions on Mtn MoMo are as follows:

1. Daily Transaction limit – 3000000 FCFA
2. Weekly Transaction limit – 5000000 FCFA
3. Monthly transaction limit – 10000000 FCFA

What maximum balance can you have in your Mtn MoMo Account in Cameroon?

• The maximum balance you can hold in your MTN mobile money wallet is 5000000 FCFA.

Suggested: How to request, check and print Mtn MoMo Statement Online.

How To Increase Your MTN MoMo Transaction Limit?

To increase the payment limit placed on your momo account, do the following:

1. Go to a nearby licensed MTN Center.
2. Provide your National ID Card tied to the Mtn MoMo Wallet or account.
3. Also, submit your Bank Statement or utility bill (e.g., Water or Electricity).
4. The assigned MoMo agent will update your KYC and increase your MoMo account or wallet’s transaction limit within 24 hours.

 

Read Also: Mtn Mobile Money Transaction Rates (Withdrawal and Sending Charges)