How to increase MTN Mobile Money Transaction Limit online
Mobile money has become an essential part of daily life for many people across Africa. MTN Mobile Money, in particular, has millions of users in several African countries who rely on it for quick, secure financial transactions.
MTN imposes transaction limits on Mobile Money accounts to mitigate risk. While useful, these low limits can be inconvenient when you need to send or receive large amounts of money. Thankfully, MTN allows you to easily increase your transaction limit online.
Why Increase Your Transaction Limit?
Make large purchases
The standard limits may be too low for big-ticket items. Increasing your limit lets you pay conveniently via Mobile Money.
Receive large amounts
You may need to receive payments above the limit for work/services rendered. A higher limit enables you to get the full amount in one transaction.
Money transfers
Standard limits may not suffice when transferring money to multiple people. Raising your limit lets you send cash to many recipients in a single session.
Business transactions
Companies relying on Mobile Money for payments and transfers require much higher limits.
Step-by-Step Guide to Increasing your Limit
Step 1: Log in to your account
First, access your MTN Mobile Money account on the website or mobile app. Enter your registered phone number and PIN to log in.
Step 2: Go to ‘Profile’ or ‘Account Settings’
On the dashboard, locate and click on ‘Profile’ or ‘Account Settings’. This opens your account details.
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Step 3: Select ‘Transaction Limit’
Under profile or account settings, find and select the ‘Transaction Limit’ tab or link. This displays your current transfer limits.
Step 4: Choose ‘Increase Limit’
Look for and click on the ‘Increase Limit’ button or link. Choosing this option initiates your request to raise your transaction limit.
Step 5: Enter required information
You will need to provide information like your national ID, passport, or driver’s license number for verification. Also submit supporting documents like payslips, bank statements, utility bills etc. to confirm your income sources.
Step 6: Submit your request
Once you have filled in all the necessary personal and financial details, click ‘Submit Request’ to send your limit increase application to MTN.
Step 7: Wait for approval
Allow some time for MTN to verify your request and validate your documents. You will receive a notification once your higher transaction limit is approved and updated.
Conclusion
Raising your MTN Mobile Money transaction limit is quick and straightforward when done online. With the higher limit, you can seamlessly make large payments, money transfers, and business transactions via Mobile Money.
Be sure to provide accurate information and documentation when submitting your increase request. Contact MTN customer support if you face any issues with the limit increase process. You can also visit an MTN service center for assistance.
