The ATM withdrawal limits provided are per company if cardholder is register using company name.
| WITHDRAWAL LIMIT | AMOUNT (USD) | FREQUENCY |
|---|---|---|
| DAILY LIMIT | 2,000 | Max of 3 withdrawals daily |
| MONTHLY LIMIT | 10,000 | Max of 20 withdrawals monthly |
| YEARLY LIMIT | Unlimited | Unlimited |
These limits are in place to ensure security and adherence to financial regulations. For any specific inquiries or adjustments to these limits, please contact LookCard’s customer support. We appreciate your understanding and cooperation.
Suspension of ATM Withdrawal Feature in Certain Countries #
To ensure the integrity of our platform and comply with global regulations, LookCard has temporarily suspended the ATM withdrawal feature for countries listed on the Financial Action Task Force (FATF) blacklist. As of now, the affected countries include:
- Democratic People’s Republic of Korea
- Iran
- Myanmar
Note: This decision is in line with the Financial Action Task Force (FATF) recommendations. If your company is based in or transacts through, any of these countries, please be aware that ATM withdrawal capabilities will not be available.
Why are there withdrawal limits?
Withdrawal limits are established to serve a multifaceted purpose, encompassing security, fraud prevention, and strict adherence to financial regulations. These limitations are meticulously designed to safeguard the financial ecosystem and maintain the integrity of our platform.
What happens if I reach my withdrawal limit?
Upon reaching your designated withdrawal limit, whether it is on a daily or monthly basis, any subsequent attempts to withdraw funds will be automatically declined.
- Immediate Decline
Once your withdrawal limit is met, our system will promptly decline any further withdrawal requests. This immediate response ensures that transactions beyond the stipulated limits are prevented in real-time. - Waiting Period
To initiate additional withdrawals, you will need to wait until the commencement of the next cycle, whether it is the next day for daily limits or the next month for monthly limits. This cyclic approach ensure a systematic and controlled process for fund transactions. - Enhanced Security
The temporary restriction on additional withdrawals enhances the security of your account by preventing unauthorized access or potential fraudulent activities that might occur if the established limits are consistently breached.
