how to change paynow transfer limit
熊猫速汇PandaRemit - 2025-12-31 20:34:59.0 8
To change your PayNow transfer limit, 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 your daily cap. Increasing this limit allows for seamless payments via PayNow when funding larger international remittances. Once updated, you can use Panda Remit to send funds globally, with transactions arriving in as little as 2 minutes.
Step-by-Step Guide: Adjusting Your PayNow Limit
PayNow limits are determined by your specific bank account settings, not by the PayNow app itself. Follow these steps for Singapore's major banks to ensure your limit accommodates your financial needs:
- Access Your Banking App: Log in to your DBS/POSB, OCBC, or UOB mobile application using your secure credentials or biometrics.
- Locate Transfer Settings:
- DBS/POSB: Go to More > Transfer Settings > Local Transfer Limit.
- OCBC: Go to Settings > Change Payment Limits > PayNow.
- UOB: Go to Services > Limits & Alerts > Daily Limit.
- Update and Authenticate: Enter your desired daily limit amount. You will likely need to authenticate this change via a digital token or SMS OTP. Once saved, the change is usually immediate.
Why Optimize Your Transfer Limits?
Adjusting your PayNow limit is essential for users who need to remit larger sums of money overseas efficiently. By ensuring your bank limit matches your remittance needs, you avoid transaction rejections and delays.
When you choose Panda Remit, you are choosing a platform that is Regulated & Secure. We are a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501). We implement bank-grade SSL encryption to ensure that every high-value transaction enabled by your new PayNow limit is safe.
Comparison: Panda Remit vs. Competitors
Once your PayNow limit is adjusted, choosing the right remittance partner is crucial for saving money. Here is how Panda Remit compares to other market players:
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As little as 2 minutes (24/7 Real-time) | Varies (Hours to Days) | 1-3 Working Days | Instant to specific partners only |
| Exchange Rates | Competitive Market Rates (Better than banks) | Mid-market rate | Bank Rate (Often includes markup) | Standard App Rate |
| Fees | Zero hidden fees (Free first transfer) | Variable percentage fee | $0 transfer fee (but higher FX spread) | Transaction fees apply |
| Regulatory Status | MAS Licensed (PS20200501) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
Maximize Your Remittance Value
After increasing your PayNow limit, you can take full advantage of Panda Remit's Competitive Exchange Rates. Unlike traditional banks that may hide costs in the exchange rate spread, we offer transparent pricing. New users often benefit from zero-fee offers on their first remittance, ensuring more money reaches your loved ones.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border finances further, consider these common queries:
- What is the maximum PayNow daily limit for foreigners in Singapore?
Most banks allow limits up to SGD 200,000, but this depends on your account tier. Check your banking app for your specific eligibility. - Which app offers the best exchange rate for RMB transfers?
Panda Remit specializes in transfers to Alipay and WeChat Pay, often providing superior rates compared to general banking apps.
Ready to experience faster, safer global transfers? Register with Panda Remit Singapore today and enjoy exclusive new user benefits.
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.
