Why is there a limit on the number and amount of transactions in a month?

At Rand, we have implemented limits on the number and amount of transactions in a month to comply with Anti-Money Laundering (AML) regulations. These regulations are in place to prevent illicit activities such as money laundering and the financing of terrorism. By setting transaction limits, we are able to maintain a secure and compliant financial environment for our users.

The specific limits on transactions are designed to strike a balance between facilitating everyday financial activities and ensuring regulatory compliance. While these limits may be subject to change based on regulatory requirements and internal risk management practices, they are put in place to protect the integrity of the financial system and safeguard the interests of all users.

If you find that the transaction limits imposed by Rand are hindering your daily operations or specific financial needs, we offer the possibility of increasing your transaction limit upon request. By providing us with additional information and undergoing a verification process, we can assess your situation and potentially adjust your transaction limit to accommodate your requirements.

We understand that each user's financial circumstances and needs may vary, and our aim is to provide a flexible and personalized experience to the best of our abilities. Our dedicated support team is available to assist you with any inquiries or requests related to transaction limits.