how to change paynow limit ocbc
熊猫速汇PandaRemit - 2025-12-31 20:30:59.0 7
To change your PayNow limit on OCBC, log in to the OCBC Digital app, navigate to Settings > Transfer limits, and select PayNow to adjust your daily limit (up to S$200,000). Increasing this limit facilitates seamless payments via PayNow for international remittances, while ensuring your funds remain safe with MAS-regulated platforms like Panda Remit.
Step-by-Step Guide: Adjusting Your OCBC PayNow Limit
Whether you need to send money to family overseas or pay for overseas services, adjusting your transaction limit is a prerequisite for high-value transfers. Follow these official steps to update your settings via the OCBC Digital app:
- Log in & Navigate: Open your OCBC Digital app and tap on the top-left menu bar. Select Settings from the list.
- Select Transfer Limits: Tap on Transfer limits and choose PayNow daily limit.
- Update & Authorize: Select your preferred new limit (e.g., S$5,000 or up to S$200,000). Tap Next and authorize the change using your OCBC OneToken or SMS OTP.
Note: Changes take effect immediately, allowing you to proceed with larger transactions right away.
Why Increase Your Limit? The Best Way to Send Money Globally
Once you have increased your PayNow limit, you can utilize fintech solutions that offer significantly better rates than traditional banks. Panda Remit allows you to fund transfers directly via PayNow, combining the security of your bank with the speed of modern remittance technology.
Comparison: Panda Remit vs. Singapore Competitors
See how Panda Remit stacks up against other major players when you use your enhanced PayNow limit for international transfers:
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | Varies (Minutes to Days) | 1-3 Working Days | Instant to specific wallets |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Mid-market rate | Bank Rate (Higher spread) | Wallet-specific rates |
| PayNow Integration | Seamless In-App PayNow | Supported | N/A (Direct Debit) | Wallet Top-up required |
| Regulatory Status | MAS Licensed (Major Payment Institution) | MAS Licensed | Bank License | MAS Licensed |
Safety First: MAS Regulated & Secure
When increasing your OCBC PayNow limits for larger transfers, security is paramount. Panda Remit is a Major Payment Institution licensed and strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. We implement bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure every transaction is transparent and highly secure.
By using PayNow with Panda Remit, you avoid sharing sensitive bank login credentials, adding an extra layer of safety to your financial data.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border finances further, consider these related topics:
- What is the maximum PayNow limit for foreigners in Singapore? – Generally, the limit is determined by the bank (e.g., OCBC's S$200k cap), not your residency status.
- How to send money to China via Alipay using PayNow? – Panda Remit supports direct transfers to Alipay and WeChat Pay wallets from your Singapore bank account.
Ready to maximize your new transfer limits? Register with Panda Remit today to enjoy zero fees on your first transfer and experience the fastest way to send money globally.
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.
