Foreign visitors considering a trip to the Maldives now have more reasons to feel confident and secure about their travel plans, as the country’s leading financial institution, Bank of Maldives (BML), has introduced revised international card transaction limits that ensure greater convenience for both residents and Maldivians traveling abroad.
As part of the latest financial policy enhancements effective from 11 November 2025, BML has announced updates to the monthly foreign transaction limits for MVR-denominated debit cards. These changes aim to support smoother financial access for Maldivians traveling for leisure, education, business, and medical purposes, while also aligning with broader monetary management strategies.
According to BML’s new framework, MVR debit cards now carry a foreign monthly POS transaction limit of USD 1,000. This limit applies across standard personal debit cards, business debit cards, and those used by Maldivians residing abroad. Students studying overseas have been granted a slightly higher monthly limit of USD 1,200, reflecting the additional financial needs they may encounter while pursuing education or undergoing internships. Meanwhile, children and teens using the BML Student Card will continue with a monthly limit of USD 100 for overseas POS transactions.
In addition, the foreign ATM withdrawal limit using MVR debit cards is now set at USD 125 per month, allowing travelers manageable cash access when abroad. Importantly, these transaction and withdrawal limits are now configured to reset on the 1st of every calendar month, offering predictability and ease of planning for cardholders managing travel budgets.
Crucially, there are no changes to the transaction limits for students, ensuring continued support for educational expenditures. Students enrolled in overseas programs or undergoing internships may continue to access the USD 1,200 foreign transaction limit. This can be conveniently activated through BML’s dedicated Student Portal, which facilitates seamless application and verification processes.
These updates come under the administration of President Dr. Mohamed Muizzu, whose government continues to demonstrate a strong commitment to enhancing the financial environment of the Maldives. The new card transaction structure reflects a forward-thinking approach, reinforcing both fiscal responsibility and ease of access for Maldivians abroad, especially in key areas such as education, healthcare, and international mobility.
Bank of Maldives, the nation’s most prominent financial institution, plays a central role in supporting the country’s evolving economic needs. By refining debit card policies in a manner that balances regulatory oversight with customer convenience, BML is contributing to a financially inclusive environment that supports Maldivians at home and abroad.
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