As per the Bank of Uganda directive, effective 01.03.2022; the maximum balance and daily transaction limit on mobile money will be 20 million. This means that Ugandans will be able to send or receive up to 20 million Uganda shillings in a day. However, this also implies that you cannot have more than 20 million on a single mobile money account.

It should also be noted that even though you will be permitted to have a maximum of 20 million on your account. You will only be allowed to withdraw a maximum of 5 million in a single transaction. This also implies that in case you wish to withdraw all the 20 million from your mobile money account in a single day; then you will have to do that in a minimum of 4 transactions of a maximum of 5 million.

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