DOES BOLT MONEY HAVE A LICENSE FROM MAS?
Bolt Money is regarded as a stored value facility under Singapore law. HITPAY PAYMENT SOLUTIONS PTE LTD., the holder of the Bolt Money stored value facility, does not require the approval of the Monetary Authority of Singapore. Consumers (Users) are advised to the terms and conditions carefully.
WHAT ARE THE BALANCE AND TRANSACTION LIMITS ON BOLT MONEY ACCOUNTS?
The maximum balance that can be held in a Bolt Money account is S$999. There are no monthly transfer limits imposed on Bolt Money Accounts.
CAN I SEND MONEY TO A NON BOLT MONEY USER?
Yes, you can send money to a non Bolt Money user. The recipient will be sent an SMS to download the app to claim the money. If the money is not claimed by the intended recipient within 14 days, the sender is sent an email with the refund code. The refund code must be redeemed in the app under ‘Promo Code’ in settings to credit the sender with the original amount.
HOW QUICKLY CAN I TOP UP MY BOLT MONEY BALANCE?
You can instantly top up your balance using PayNow and there is a 1 day processing period for any FAST Bank transfer top ups