Bank of Maldives Removes Restrictions On Withdrawal of USD

Starting from the first of February 2023, the Bank of Maldives has removed constraints on the monthly withdrawal limits of the United States Dollar (USD). Prior to the removal, customers can withdraw only USD 2,000 from ATMS and branches of the bank.

With curbs removed on USD, customers can now withdraw USD 1,600 daily through USD ATMs located at H. Marine Dream, Velana International Airport and Hulhumale Renaatus Ithaa Mui. As for customers holding a debit card linked with a USD account and functioning as the primary account, they can use it for foreign transactions of up to USD 3,000 daily.

Bank of Maldives also stated that International Money Transfers through Internet Banking or Mobile Banking can also be processed from USD accounts as well. With this, it would once again bring numerous conveniences for customers in their banking needs.