How to change my paynow limit
熊猫速汇PandaRemit - 2025-12-31 20:27:55.0 8
To change your PayNow limit, you must log in to your respective bank's mobile application (such as DBS digibank, OCBC Digital, or UOB TMRW), navigate to Transfer Settings, and select PayNow Daily Limit to adjust the amount. Increasing your limit allows for seamless payments via PayNow when funding international transfers with Panda Remit, which operates under strict MAS-regulated security protocols to ensure your funds are safe regardless of the transaction size.
Step-by-Step Guide: Adjusting Your PayNow Limit
Since PayNow is a feature integrated into Singapore's major banks, the process depends on which banking app you use. Follow this universal 1-2-3 Step Guide to update your settings:
- Access Transfer Settings: Log in to your banking app (DBS/POSB, OCBC, or UOB). Look for the "Settings" menu, usually found in the sidebar or profile section, and select "Transfer/Payment Limits."
- Select PayNow Limit: Locate the specific option for "PayNow" or "Local Transfers." Enter your desired daily limit amount (e.g., increasing from SGD 1,000 to SGD 5,000 for larger remittances).
- Authenticate & Confirm: Verify the change using your digital token or SMS OTP. Once confirmed, the new limit is active immediately, allowing you to make larger transactions instantly.
Why Increase Your PayNow Limit?
Adjusting your limit is often necessary when sending money overseas. By raising your PayNow limit, you can fund larger remittances in a single transaction, avoiding the hassle of splitting payments.
Panda Remit leverages this by offering seamless PayNow integration. As a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501), we ensure that even high-value transfers are processed with bank-grade SSL encryption and multi-layered anti-fraud protocols.
Comparison: Panda Remit vs. Competitors
When optimizing your PayNow limits for international transfers, it is crucial to choose a remittance service that maximizes speed and value. Here is how Panda Remit compares to other market players:
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| PayNow Support | Seamless Integration | Yes | N/A (Direct Debit) | No (Wallet Balance) |
| Transfer Speed | As fast as 2 minutes | Varies (Hours to Days) | Same Day | Instant to specific partners |
| Exchange Rates | Competitive (Zero hidden fees) | Mid-market rate | Bank Rate (Higher markup) | Wallet FX Rate |
| Regulation | MAS Licensed (MPI) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
With Panda Remit, funds can arrive in as little as 2 minutes, and new users often benefit from zero-fee offers on their first remittance.
Explore More on Singapore Remittance
If you are looking to optimize your financial transfers further, consider these related topics:
- What is the maximum PayNow daily limit for DBS? – Most banks allow limits up to SGD 200,000, but default settings are lower for security.
- How to reverse a PayNow transfer if sent to the wrong number? – Immediate action with your bank is required, as PayNow transfers are instant.
Ready to send money globally with better rates and higher security? Register with Panda Remit Singapore today to experience fast, regulated, and low-cost cross-border payments.
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.
