Yes, you can only do a single transfer of 500k. If you intend to do more than 500k, you will need to initiate multiple transfers. By default, a tier 1 Moniepoint account cannot receive more than 300k, and tier 2 500k. However, by upgrading your KYC limit, you can have access to even higher limits by submitting a few documents on the app.
For further inquiries, please do not hesitate to reach out to support.
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