Beem Wallet App Transaction Rules - Add | Withdraw | Send |Receive

When it comes to your money, safety is the no.1 priority ! We always strive to keep Beem a safe place, protected from fraudsters and any suspicious activity. One of the measures to ensure this are rules on the movement of money. Below are the important ones you might see on the app. These could be revised as more enhancements are made on the app; you will find updates here! 

Read on:

Activating Transactions:

• To get started you must first link your bank account or debit card with a verified ownership. If this fails, you will not be able to add money to your account
• Your very first deposit cannot amount to more than $50 (if you've not subscribed) and not more than $100 (if you've subscribed)

Minimum & Maximum Amounts:

• You can add, receive, withdraw or send money from minimum $1 to a maximum of $1000
• Except if you are withdrawing by instant transfer to debit card; in which case, the amount needs to be minimum $5
• The value of any single transaction cannot exceed $100 for unsubscribed users and $150 for subscribed users
  

Instant Withdrawal to Debit Card:

• You can withdraw money instantly to debit card only if it is verified 
• Any instant transfer will have to be of minimum of $5 in value since you will incur instant transfer fees
  

Adding Money to Beem Wallet App:

You can do the same as long as it is

• not more than 2 times within last 24 hrs 

• not more than $200 in last 24 hrs 

• not more than 6 times within last 7 days 

• not more than $500 in last 7 days
• not more than 15 times within last 30 days
• not more than $1000 in last 30 days
• The value of the first Add transaction cannot exceed $50 for any User
• The value of any single transaction cannot exceed $50 for unsubscribed users and $100 for subscribed users

Receiving Money to Beem Wallet App:

You can do the same as long as it is

• not more than 2 times within last 24 hrs 

• not more than $100 in last 24 hrs 

• not more than 6 times within last 7 days 

• not more than $500 in last 7 days
• not more than 15 times within last 30 days
• not more than $1000 in last 30 days

Sending Money from Beem Wallet App:

You can do the same as long as it is

• not more than 2 times within last 24 hrs 

• not more than $100 in last 24 hrs 

• not more than 6 times within last 7 days 

• not more than $500 in last 7 days
• not more than 15 times within last 30 days
• not more than $1000 in last 30 days
• The value of any singe transaction cannot exceed $50 for any User

Withdrawing from Beem Wallet App:

You can do the same as long as it is

• not more than 1 time within last 24 hrs 

• not more than $100 in last 24 hrs 

• not more than 2 times within last 7 days 

• not more than $250 in last 7 days
• not more than 4 times within last 30 days
• not more than $500 in last 30 days
• The value of any singe transaction cannot exceed $100 for any User 

In addition to the above Withdraw rules, the following rules also apply when you are accessing your Everdraft through Beem Wallet App:

• You can withdraw your Everdraft in multiple transactions till you exhaust your Everdraft amount - in first 24 hrs from first withdrawal

• After the first 24 hours, you can only withdraw again if all dues (Everdraft  + Subscription) are cleared

• In addition, you can only withdraw Everdraft a maximum of three times in last 7 days 

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If your Beem Wallet App is blocked for some reason, you will not be able add money but you can withdraw your own money into the linked and verified debit card and verified bank account.