What are the transaction limits?
Tier 1: ₦50,000 single, ₦300,000 daily. Tier 2: ₦250,000 single, ₦500,000 daily. Tier 3: ₦500,000 single, ₦5,000,000 daily. Limits can be increased by...
Last updated August 5, 2026
Your transaction limits depend on your account tier. Higher tiers have higher limits.
Current limits
| Tier | Single transfer | Daily limit | Wallet balance |
|------|----------------|-------------|----------------|
| Tier 1 | ₦50,000 | ₦300,000 | ₦300,000 |
| Tier 2 | ₦250,000 | ₦500,000 | ₦500,000 |
| Tier 3 | ₦500,000 | ₦5,000,000 | ₦10,000,000 |
How to increase your limits
To increase your limits, upgrade your account tier:
- Go to Settings > Verification.
- Select the tier you want to upgrade to.
- Upload the required documents.
- Wait for approval.
Other limits
- Airtime purchase: ₦50,000 per transaction
- Bill payment: ₦500,000 per transaction
- Card spending: Depends on your card type (Classic or Premium)
Tip: If you need higher limits than Tier 3 allows, contact support at hello@cashmatrix.ng for a custom limit increase.
Need a hand? Email hello@cashmatrix.ng.