How to Increase Credit Limit via Fiat Currency Collateral on Reap Card Dashboard

Edited

You are able to increase your Reap Card credit limit by transferring fiat currencies to Reap.

What currency can I send?

To avoid any unnecessary delays and fees, we highly recommend you to transfer the same currency as your Reap Card. For example, for HKD accounts, send HKD.

Where do I send the funds?

⚠️⚠️ Please note that we will only be able to process deposits made from bank accounts with the same name as your registered entity in Reap. Please do not make deposits from your personal bank account or any other third-party account.

  1. Navigate to dashboard.reap.global/dashboard/home.

  2. Click "Reap Card" → "Transactions".

  3. Click the "Increase credit via deposit" Button.

  4. Input the desired monthly budget limit amount in the "increase credit limit" field.

  5. Click "Make Deposit".

  6. In your own e-banking portal, make the bank transfer to the listed account number, with the reference ID included in the Remark/ note field in the bank transfer.

  7. Click the checkbox to confirm doing so.

  8. Click "I have transferred" to create a notification for our team to process your request.

  9. Click "Done" to end the deposit placement process.

  10. Click "View details" in the Requested credit status to check the deposit approval status

How long does it take to get the funds credited into my account?

If you ensure the following, your funds will be credited as soon as we receive them in our account:

  • Include the reference ID in your transfer details

  • Ensure the Sender name is the same as the company name in Reap

  • Click "I have transferred" to let our system know funds are incoming

If you miss those steps, rest assured our team can process the funds, but it might take up to 2 business days.