What are the business account limits?
Basic: ₦500,000 daily. Verified: ₦5,000,000 daily. Enterprise: Custom limits upon request. Limits apply to transfers, withdrawals, and POS settlements...
Last updated August 5, 2026
Business account limits depend on your verification level.
Account tiers
| Tier | Daily limit | Single transfer | Requirements |
|------|------------|----------------|--------------|
| Basic | ₦500,000 | ₦100,000 | CAC + ID |
| Verified | ₦5,000,000 | ₦500,000 | CAC + ID + address proof |
| Enterprise | Custom | Custom | Contact support |
How to upgrade
- Go to Business > Settings > Verification.
- Select the tier you want to upgrade to.
- Upload the required documents.
- Wait for approval:
- Basic: Instant
- Verified: Within 24 hours
- Enterprise: Within 48 hours
Other limits
| Service | Limit |
|---------|-------|
| POS terminal | ₦500,000 per transaction |
| Bulk payout | ₦100,000,000 per batch |
| Virtual account | No limit |
| Card spending | ₦2,000,000–₦10,000,000 daily |
Tip: Enterprise accounts can request custom limits for high-volume operations. Contact support at hello@cashmatrix.ng.
Need a hand? Email hello@cashmatrix.ng.