The Bank of Uganda has announced over the counter cash withdrawal limits for accounts held with supervised financial institutions, effective 1 January 2027, as part of a shift toward electronic payments. Individual accounts will be capped at UGX 50 million a day and UGX 250 million a week, while corporate and business accounts will be capped at UGX 500 million a day and UGX 2.5 billion a week. The limits will not apply to digital payment channels such as the Real Time Gross Settlement system and Electronic Funds Transfers. Supervised financial institutions must develop and implement risk-based customer profiles and may set lower limits on that basis. The Bank of Uganda may waive the limits for certain transactions or sectors at the request of supervised financial institutions. Institutions must also advise customers on available digital alternatives, including Real Time Gross Settlement, Electronic Funds Transfers and mobile money bank-to-wallet transfers. To support implementation, the central bank will start a nationwide consumer sensitization and public awareness campaign from 1 July 2026. It linked the measure to transaction data showing a continued digital shift, with electronic credit transfers increasing their share of cleared UGX transaction volumes to 93.53% from 87.71% and their share of value to 93.00% from 79.33% between financial year 2017-2018 and financial year 2025-2026.
Bank of Uganda2026-06-04
Bank of Uganda introduces over the counter cash withdrawal limits from 1 January 2027 with UGX 50 million daily cap for individuals
The Bank of Uganda will impose over the counter cash withdrawal limits from 1 January 2027 for accounts at supervised financial institutions. The caps are UGX 50 million a day and UGX 250 million a week for individuals, and UGX 500 million a day and UGX 2.5 billion a week for corporate and business accounts. Digital channels are exempt, and a public awareness campaign will begin on 1 July 2026.