When using Remoly Invoicing to transfer funds or convert currencies, it’s important to be aware of any limits. Here’s a simple guide to help you understand these limits and how to manage them.
Transaction Limits for Transfers
Transfer Limits
Remoly Invoicing may set daily, monthly, or annual limits on how much you can transfer. These limits depend on your account type and usage. Check your account for the specific details:
Log In: Open Remoly Invoicing and sign in.
Go to Settings: Click on your profile or menu and go to "Account Settings."
Find Limits: Look for "Transfer Limits" or "Currency Settings."
Check Your Limits: Review your daily, monthly, or annual transfer and conversion limits.
Request Increases: If you need higher limits, follow the prompts to request an increase.
Limits for Large Cross-Border Payments
Large international transfers may have additional verification steps, such as:
Identity Verification: Confirm your identity for larger transfers.
Extra Documentation: You may need to provide invoices or contracts for high-value payments.
Managing Currency Conversion Limits
Conversion Limits
There may be daily or monthly limits on how much currency you can convert. These limits vary depending on your account and transaction history.
Fees on Conversions
Smaller conversions may incur higher fees, while larger conversions could offer lower fees or better exchange rates.
How to Manage Limits
Check Your Limits: Review your account settings regularly to stay updated on your transfer and conversion limits.
Request Limit Increases: Contact Remoly Invoicing support if you need higher limits, and be ready to provide extra verification.
Plan Ahead: Keep limits in mind when planning payments or currency conversions, especially for large transactions.