Keeping your Bonsai Cash account secure is our utmost priority and as a part of that, we are implementing daily limits on your ATM withdrawals, Card transactions (both physical and virtual), and Outbound transfers to external bank accounts from your Bonsai Cash account.
Okay, what are the daily transaction limits?
The daily limits (on a 24-hour rolling basis) will be applied on the following operations with your Bonsai Cash account:
$300 for ATM withdrawals
$2,000 for card transactions
$3,000 for transfer to external bank accounts
So what happens when I reach my daily limit and still do another transaction?
Once you reach your daily limit, your subsequent transactions fail and you will be notified by us via email about why the transaction failed.
If I send $3,000 to an external bank via an outbound transfer from my Bonsai Cash account, can I still make an ATM withdrawal of $300 on the same day?
Yes, you can. These limits are not cumulative across the type of transactions.