Overview

• Accounts without a configured limit now carry a default cap near 1,500 UDIS (roughly 12,500–12,800 pesos), and transfers above that amount can be blocked or require extra verification while funds remain in the account.
• Banks have enabled the MTU in their apps as of October 1 and have urged customers to set their own limit, which can be changed at any time at no cost within the app.
• The cap applies to digital operations such as SPEI transfers, payments to third‑party credit cards, service bills and taxes, and it does not apply to incoming deposits, in‑branch payments or card purchases.
• The CNBV mandate applies to institutions constituted as banks, so sofipos are not currently required to implement the MTU.
• Nu, which remains a sofipo, has rolled out a separate Scam Alert that issues real‑time warnings before sending money if its system detects risk signals.