how to increase paynow daily limit
熊猫速汇PandaRemit - 2025-12-30 18:34:34.0 7
To increase your PayNow daily limit, you must log in to your specific bank's mobile app or internet banking portal (such as DBS digibank or OCBC app), navigate to "Transfer Settings," and adjust the limit upwards. This adjustment facilitates larger, high-value transactions for services like Panda Remit, which offers seamless PayNow payment integration and ensures your funds are handled with MAS-regulated security.
Step-by-Step Guide: Adjusting Your PayNow Limit
Since PayNow is a peer-to-peer funds transfer service available across major Singaporean banks, the exact steps depend on your banking provider. Below is the standard 1-2-3 procedure applicable to most major banks like DBS/POSB, OCBC, and UOB:
- Log in to Internet Banking or Mobile App: Access your bank's secure portal using your credentials. For example, on DBS digibank, use your FaceID or PIN.
- Navigate to Transfer Settings: Look for a menu labeled "Transfer Settings," "Local Transfer Limit," or "PayNow Settings."
- Update and Authenticate: Select your new daily limit (banks often allow up to SGD 200,000). Confirm the change using your digital token or 2FA SMS.
Once updated, the change is usually immediate, allowing you to proceed with high-value remittances instantly.
Why Increase Your Limit? Comparing Remittance Options
Increasing your PayNow limit is often necessary when sending significant amounts of money overseas. When choosing a remittance partner, it is crucial to compare speed, security, and cost. Here is how Panda Remit compares to other market players:
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Speed | As little as 2 mins (24/7 Real-time) | Varies (Hours to Days) | Same day (Cut-off times apply) | Instant to specific partners |
| PayNow Integration | Seamless In-App Payment | Supported | N/A (Direct Bank Debit) | Supported |
| Regulation | MAS Licensed (PS20200501) | MAS Licensed | Bank Regulated | MAS Licensed |
| Exchange Rates | Competitive (Zero hidden fees) | Mid-market rate + Fee | Bank FX Rates | Standard FX Rates |
Security and Compliance: Your Money is Safe
When increasing your daily transaction limits, security is paramount. Panda Remit is a Major Payment Institution strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. We utilize bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure that whether you are sending SGD 100 or SGD 10,000, your transaction is transparent and secure.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border transfers, consider these related topics:
- What is the maximum PayNow limit for DBS/POSB? – Most banks allow you to raise your limit up to SGD 200,000 for local transfers, which is ideal for large remittances.
- How to send money to China via PayNow? – You can use Panda Remit to pay via PayNow and have funds delivered directly to Alipay or WeChat Pay wallets.
Ready to experience fast, secure, and low-cost global transfers? Register with Panda Remit Singapore today and enjoy exclusive offers for new users.
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.
