Revenue Collection and Customs Control Agency (ARCA) defined the limits on money and transactions that banks and digital wallets can record without requiring documentation about the origin of the funds.
Knowing these caps is key to avoiding account freezes, requests for justification, or automatic reports to oversight agencies.
What are the maximum amounts monitored by ARCA in February
ARCA monitors transfers, credits, balances, and transactions that exceed certain amounts. When these are exceeded, financial institutions must report the transaction.
For individuals, the monthly limit is $50,000,000. In the case of legal entities, the cap is $30,000,000, considering all transactions together.
Current caps that trigger controls
- Transfers or credits: $50,000,000 (individuals) and $30,000,000 (legal entities).
- Cash withdrawals: $10,000,000 for both cases.
- Bank balances at month-end: $50,000,000 and $30,000,000.
- Transactions in digital wallets: $50,000,000 and $30,000,000.
- Time deposits: $100,000,000 (individuals) and $30,000,000 (legal entities).
- Purchases as end consumer: $10,000,000.
What information banks and wallets must report to ARCA
The platforms must submit informative sworn statements when the amounts reach or exceed the established limits. The level of detail depends on the fiscal period.
