I am not sure if this is right but, weren't the old limits at $2500?
That's correct, good memory!
Previously it was possible to load up to $2500 to an unverified card but only $1000 to withdraw from it which, in our opinion, didn't make much sense, hence why we have convinced our card issuer to review these limits. Now the loading and unloading limits are even.Hello,
As far as we know, 4AMLD is a directive, not a law. It is there to ensure countries implement the stricter regulation on prepaid cards. At the moment, if a country chooses to relax CDD requirements for e-money, it must still ensure that issuers carry out sufficient transaction monitoring and issuers must demonstrate that the risks associated with e-money are low. This is a way we can still keep higher limits for now.
Nevertheless, we strongly advise you to verify your account, because government regulators become more and more demanding to financial services these days.