The Bank of Uganda has published FAQs on new over the counter cash withdrawal limits that will cap physical cash withdrawals at bank counters and take effect on 1 January 2027 after a six month transition period. The limits are UGX 50 million per day and UGX 250 million per week for individual account holders, and UGX 500 million per day and UGX 2.5 billion per week for corporate entities and business accounts. The measure applies only to physical cash withdrawals at financial institutions and does not cover electronic transfers. The caps apply per account rather than on an aggregated customer basis across multiple accounts. Financial institutions may set lower customer-specific limits under their internal risk management frameworks, and the Bank of Uganda has issued guidance on handling exceptional waivers for withdrawals above the caps. The central bank has framed the policy around promoting a cash-lite economy, reducing the risks and costs of handling large amounts of cash, improving financial transparency and encouraging digital payments. It pointed customers to alternatives including the Real Time Gross Settlement System, Electronic Funds Transfer, mobile money and digital banking, noting that electronic channel transaction limits can be increased on request subject to institutional risk assessment.
Bank of Uganda2026-06-16
Bank of Uganda introduces over the counter cash withdrawal limits with UGX 50 million daily cap for individuals from 1 January 2027
The Bank of Uganda has issued FAQs on over the counter cash withdrawal limits that start on 1 January 2027 after a six month transition period. The policy caps physical cash withdrawals at UGX 50 million a day and UGX 250 million a week for individuals, and at UGX 500 million a day and UGX 2.5 billion a week for corporate and business accounts. The limits apply per account, not to electronic transfers, and banks may impose lower limits based on customer risk profiles.