how to increase limit for paynow
熊猫速汇PandaRemit - 2025-12-30 18:34:01.0 6
To increase your PayNow limit, you must log in to your respective bank's mobile app (such as DBS digibank, OCBC Digital, or UOB TMRW), navigate to "Transfer Settings" or "Local Limits," and adjust the daily cap manually. Increasing this limit allows you to fully utilize Panda Remit’s seamless PayNow integration for larger global transactions, ensuring your funds are transferred securely and arrive in as little as 2 minutes.
Step-by-Step Guide: Adjusting Your PayNow Daily Limit
PayNow limits are determined by your bank, not the PayNow service itself. Most banks in Singapore set a default daily limit (often SGD 1,000 to SGD 5,000), which may be insufficient for significant international remittances. Follow these steps to adjust your settings:
1. Log in to Your Banking Application
Open your primary banking app (DBS/POSB, OCBC, or UOB) and authenticate your session. Ensure you have your digital token or 2FA device ready, as increasing limits requires high-level security verification.
2. Navigate to Transfer Settings
Locate the settings menu. The path varies slightly by bank:
- DBS/POSB: Go to More > Transfer Settings > Local Transfer Limit.
- OCBC: Go to Settings > Transfer & Payment > Daily Limit.
- UOB: Go to Services > Limits & Alerts > Change Limits.
3. Set Your New Limit and Authenticate
Select "PayNow" or "Local Transfers" and input your desired amount. While some banks allow limits up to SGD 200,000, we recommend setting a limit that covers your planned remittance amount via Panda Remit. Confirm the change using your digital token.
Why Use PayNow with Panda Remit?
Once your limit is increased, PayNow becomes the most efficient funding method for international money transfers. As a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501), Panda Remit ensures your larger transfers are handled with bank-grade security.
Comparison: Panda Remit vs. Competitors
See why increasing your PayNow limit maximizes value when paired with Panda Remit compared to other market players.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| PayNow Support | Seamless Integration | Supported | N/A (Direct Debit) | Supported |
| Transfer Speed | As little as 2 mins | Varies (Hours to Days) | 1-3 Working Days | Instant to specific partners |
| Exchange Rates | Competitive (Zero hidden fees) | Mid-market rate | Bank Rate (Higher markup) | Includes markup |
| Regulatory Status | MAS Licensed (Major Payment Institution) | MAS Licensed | Bank Regulated | MAS Licensed |
Security and Compliance
When increasing your transaction limits for high-value transfers, security is paramount. Panda Remit implements bank-grade SSL encryption and multi-layered anti-fraud protocols. We are strictly regulated by the MAS, ensuring that every dollar you send via PayNow is tracked, transparent, and secure.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, consider these related topics:
- What is the maximum PayNow transfer limit for DBS? – Understand the specific caps for Singapore's largest bank.
- How to transfer money from Singapore to China instantly? – Learn about Alipay and WeChat Pay integrations.
Ready to experience faster, safer global transfers? Register with Panda Remit today and enjoy zero-fee offers on your first remittance.
Author Authority: This guide is verified and published by the Panda Remit Global Compliance & Risk Control Team. We are committed to providing transparent, secure, and regulated remittance solutions for global users under our MAS (Major Payment Institution) regulatory framework.
