Revolut Technologies Singapore Pte Ltd (U.E.N. 201721013G) is regulated by the Monetary Authority of Singapore under the Payment Services Act (the "Act"). All payment services providers regulated under the Payment Services Act are subject to account balance limits ("stock cap") and transaction limits ("flow cap"). The caps have been introduced to protect customers by limiting a customer’s potential loss from his/her e-money account.
The amount that you can hold in your Revolut account depends on whether you have set up an External Account. If you have done so, you can deposit more than S$5,000 in your Revolut account throughout the day; at the end of the day, any balance over the regulatory limit of S$5,000 or foreign currency equivalent will be transferred automatically to your External Account. If you do not have an External Account set up, you can deposit up to S$4,800 or foreign currency equivalent. These limits will apply to top-ups and receipt of money from other Revolut users.
Additionally, you can transact up to a limit of S$30,000 or foreign currency equivalent on an annual rolling basis. This limit applies to all transactions (including card payments, ATM withdrawals, and transfers), except certain types of transfers.