Imagine you’re trying to send money abroad using LemFi (Lemonade Finance) and suddenly, your transaction fails. You might think it’s a technical issue, but it could be that you’ve hit your send or receive limit for the day, week, or month. This situation can be frustrating, especially when you’re in urgent need to send or receive funds internationally.

In this post, you will learn:

• The exact send and receive limits on LemFi UK accounts.
• How to check these limits directly in the app.
• What happens when you hit these limits and how to handle it.
• The importance of staying aware of your limits to avoid transaction failures.

Read: How to Get LemFi Sign-up Bonus

Overview of LemFi Account Limits (UK)

LemFi (Lemonade Finance) imposes both send and receive limits on UK accounts to ensure regulatory compliance and manage risks.

These limits define how much money you can transfer or receive within specific periods: daily, weekly, and monthly. It’s essential to understand these limits to avoid disruptions when making international transactions.

Send Limits

• Daily Limit: £5,000
• Weekly Limit: £15,000
• Monthly Limit: £30,000

Receive Limits

• Per Transaction: £5,000
• Daily Limit: £10,000
• Weekly Limit: £20,000
• Monthly Limit: £30,000

Understanding these limits is crucial for managing your international transfers. Sending or receiving amounts beyond these limits may cause delays or failed transactions, which could be problematic, especially during urgent situations.

How to Check LemFi Account Limits in the App

Checking your LemFi account limits is easy and can be done directly from the app. Follow these five steps to view both your send and receive limits:

1. Open the LemFi app and log in using your password or fingerprint for security.
2. Tap on “My Accounts“, located in the upper left corner of the app dashboard.This section contains:
   • Account Information
   • Help and Support
   • Login and Security
   • Manage Connected Accounts
   • About
   • Log Out
     
3. Select “Account Information” from the list of options. This menu contains:
   • Profile
   • Account Limits
   • Account Statement
4. Tap “Account Limits“. You will see the different currency accounts you have on LemFi:
   • British Pounds
   • Nigerian Naira
   • Ghanaian Cedi
   • Kenyan Shilling etc.
5. Choose “British Pounds” to view your account’s limits. By default, the app will show your LemFi send limits which are:
   • Daily Limit: £5,000
   • Weekly Limit: £15,000
   • Monthly Limit: £30,000
6. Tap or swipe to switch and view your LemFi receive limits which include:
   • Per Transaction: £5,000
   • Daily Limit: £10,000
   • Weekly Limit: £20,000
   • Monthly Limit: £30,000

By following these steps, you can quickly check your Lemonade Finance (LemFi) limits to ensure you stay within the allowed transfer amounts and avoid any delays.

Read: LemFi Naira Account Transfer Limits

What Happens When You Reach LemFi Limits?

If you hit your daily, weekly, or monthly transfer limits on LemFi, your transactions will either be declined. Here’s what you can expect when you reach these limits:

• Daily Limit Reached: You won’t be able to send or receive more money for the rest of the day. You’ll have to wait until the following day for the limit to reset.
• Weekly/Monthly Limit Reached: If you exceed your weekly or monthly limits, you’ll need to wait until the next week or month for the limits to refresh.

How to Resolve It

If you hit your LemFi account transfer limit, here are a few steps you can take:

• Wait Until the Limit Resets: The simplest option is to wait for the next day, week, or month, depending on the limit you’ve hit.
• Use Other Money Transfer Apps: Consider using alternatives apps to send money abroad such as:
• Taptap Send App
• Ace Money Transfer
• Sendwave
• OA Pay
• Nala Transfer App.

Why These Limits Exist

LemFi’s limits are in place for several reasons, including:

• Regulatory Compliance: To meet financial regulations and protect users.
• Anti-Fraud Measures: To prevent suspicious activity and ensure account security.
• Risk Management: To minimize the risks associated with large transfers.

FAQs

Here are some common questions about LemFi UK account limits:

Summary

Lemonade Finance (LemFi) helps users send and receive money internationally with ease. However, understanding the send and receive limits is essential to ensure smooth transactions. Knowing your daily, weekly, and monthly limits will help prevent failed transactions and delays.

Here are the key takeaways from this post:

1. Steps to check LemFi account transfer limits: Open the app, go to “My Accounts”, select “Account Information“, tap “Account Limits“, and choose “British Pounds” to view your send and receive limits.
2. LemFi Pounds Transfer Limits: £5,000 daily, £15,000 weekly, and £30,000 monthly.
3. LemFi Receive Limits: £5,000 per transaction, £10,000 daily, £20,000 weekly, and £30,000 monthly.
4. What happens when you hit the limit: You’ll need to wait for the next period or use other money transfer apps.
5. Why these limits exist: They are in place for regulatory compliance, fraud prevention, and risk management.

Staying aware of these limits can help you plan your international transfers more efficiently and avoid unexpected disruptions.

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