The account maximum balance and some payment limits are different for sole trader accounts and limited company accounts.
Coconut current account maximum balance
Coconut current account single transaction limits
Faster Payments In
Daily payments out limit
Your bank transfer limit is set based on the information provided in your application and is also reviewed over time based on your account activity. The more we know about your business, the higher the limit.
You can read more about this limit in this article. We'll notify you in the app if the payment you're trying to make exceeds your daily transfer limit or you can get in touch with our team through the in-app chat and we'll let you know what's your limit.
Daily ATM withdrawal limit
The limit for ATM withdrawals is £500 every 24 hours for both sole trader and limited company accounts.
Coconut card limits in the UK
Card limits are the same for sole trader and limited company accounts. The following limits apply to UK and Ireland merchants.
Over a 24h period
Chip + PIN
E-commerce / Online
Coconut card limits abroad
Because the risk of fraud can vary from country to country, we have different restrictions to reflect these risks. If you’re travelling abroad, your card limits will depend on the destination country. If you’d like to know what these specific limits would be, or you have a more general question, just chat with our team via the app or get in touch via email and we’ll be available to help.