Every Kolo account has spending and transaction limits in place to ensure security and compliance. These limits apply to card payments and fiat withdrawals.
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 |
Personal Daily Spending Limit | $9,000 |
Personal Monthly Spending Limit | $9,000 |
Business Daily Spending Limit | $500,000 |
Business Monthly Spending Limit | $500,000 |
There is no general deposit limit in Kolo. This means Kolo does not set a separate standard cap on how much you can deposit as such.
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)
How to Check Your Remaining Limits
You can view your remaining daily and monthly limits directly in the Kolo app:
Open the app
Go to Profile
Tap Limits
There you will see:
Your total daily and monthly limits
How much is remaining
When your limits reset
Limits are shown in real time and automatically update after each transaction.
Increasing Your Limits
This process also applies to increasing the spending and withdrawal limits of your Kolo card.
If you need higher transaction limits (personal daily/monthly spending limits and account-level fiat withdrawal limits), you can request an increase by providing Source of Funds (SOF) documentation.
Accepted Source of Funds Documents
Personal account | Business account |
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 | P&L Statement for previous periods Tax Return document for last quarter / year Charter capital, account statements for the last 6 months (for new businesses) |
How to Request a Limit Increase
Prepare your Source of Funds documentation
Contact our support team via the app or email
Submit your documents for review
Our team will process your request and notify you of the outcome.
Need Help?
Need higher limits? Contact Support to start the verification process.