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New limits on BML Debit and Credit cards for Foreign Transactions

Why is the bank limiting the use of cards on foreign transactions?

The local economy has been hard hit as a result of the coronavirus pandemic. As a result, there has been a significant reduction in foreign currency inflow to the country and the Bank has had to take immediate steps to ensure we can continue to support essential dollar requirements for key imports and overseas medical and education payments

What is the new limit?


Which cards will this limit be applicable for?

The new limit will be applicable for foreign transaction on all BML debit cards linked to MVR accounts as the primary account and for all credit cards, including personal and corporate credit cards.

Note: BML debit cards include Visa and Mastercard Debits including Passport Card and Business Debit Card. American Express debit card is excluded as it is for use only in Maldives.


Is this a temporary limit?

This is a temporary measure taken to manage within the current environment, which will be reversed when the situation allows. The change will not impact 95% of the Bank’s customers.

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