What are the limits per pocket?
The Reserve Bank of Malawi has outlined the following limit for transaction values and volumes:
Max Daily limit = MK750,000.00
Maximum balance limit = MK1,000,000.00
Number of transactions per day = 10
Single transaction limit = MK750,000.00
You will have one wallet that has two pockets (Nyanja and Moyo pockets) All transactions in both pockets count toward the single wallet limit. For example, you cannot have a wallet balance of more than MK1,000,000 when the balances of the two pockets are added together.