In plain English
It is a cap on how much money can be sent. The cap may apply to one transfer or to the total sent during a stated period.
In context
Here, "transfer limit" names the highest amount of money that can be sent by transfer, either in one transaction or within a stated period.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Labels the amount cap on the transfer screen.
Meaning limits
The term alone does not say what the amount is or whether the cap applies to a single transfer, a period total, or both.
Examples
“After sending £700 in the morning, he could send only £300 more that day because the transfer limit was £1,000 per day.”
“Before sending the deposit, Marta asked whether the transfer limit applied to each payment or to the week's total.”