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Spending and Transaction Limits

Every Kolo account has spending and transaction limits in place to ensure security and compliance. These limits apply to card payments and fiat withdrawals.

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Written by Pavel Luchkovskyi
Updated over 2 weeks ago

Important: Limits are applied at the user level, not per wallet. This means your daily and monthly limits are shared across all wallets you own within your account.


Default Limits

Limit Type

Amount

Daily Spending Limit

$15,000 USD

Monthly Spending Limit

$50,000 USD


How Limits Are Calculated

Daily Limit

The daily limit resets every calendar day based on UTC timezone:

  • Starts at 00:00:00 UTC

  • Ends at 23:59:59 UTC

Monthly Limit

The monthly limit resets at the beginning of each calendar month based on UTC timezone:

  • Starts on the 1st day of the month at 00:00:00 UTC

  • Ends on the last day of the month at 23:59:59 UTC (28th, 29th, 30th, or 31st depending on the month)


Increasing Your Limits

If you need higher transaction limits, you can request an increase by providing Source of Funds (SOF) documentation.

Accepted Source of Funds Documents

  • Employment income — payslips, employment contract, or salary statements

  • Business income — business registration, financial statements, or invoices

  • Investments — brokerage statements, dividend records, or proof of asset sales

  • Savings — bank statements showing accumulated savings

  • Inheritance or gifts — legal documentation, will, or gift declaration

  • Crypto trading profits — exchange statements or trading history

  • Real estate — property sale agreements or rental income records


How to Request a Limit Increase

  1. Prepare your Source of Funds documentation

  2. Contact our support team via the app or email

  3. Submit your documents for review

  4. Our team will process your request and notify you of the outcome

Need higher limits? Contact our support team to start the verification process.

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