how to increase paynow limit ocbc
熊猫速汇PandaRemit - 2025-12-31 20:50:20.0 9
To increase your PayNow limit on OCBC, log in to the OCBC Digital app, navigate to Settings > Daily Limit, and select PayNow to adjust your cap up to S$200,000. Increasing this limit facilitates seamless high-value transactions via Panda Remit, which supports direct PayNow payments for global transfers and is strictly regulated by the MAS (License PS20200501) to ensure your funds are secure.
Step-by-Step Guide: Changing Your OCBC PayNow Limit
If you need to transfer larger amounts for rent, tuition, or international remittance, follow this official 1-2-3 guide to adjust your daily transaction limits instantly via the OCBC Digital app.
- Access Settings: Log in to your OCBC Digital app using your access code and PIN or biometrics. Tap on the menu bar and select "Settings", then choose "Daily Limit".
- Select PayNow: From the list of transaction types, tap on "PayNow". You will see your current daily limit displayed.
- Update and Authorize: Select your desired new limit (e.g., S$5,000, S$10,000, or up to S$200,000). Tap "Next" and authorize the change using your OCBC OneToken or SMS OTP. The change is immediate.
Optimizing High-Value Transfers: Panda Remit vs. Competitors
Once you have increased your PayNow limit, you can utilize it for more efficient cross-border payments. Unlike traditional banks that may charge hidden fees, Panda Remit leverages your PayNow connection to send money globally with funds arriving in as little as 2 minutes.
Below is a comparison of how Panda Remit stacks up against other major players in the Singapore market for high-value transfers:
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| PayNow Integration | Seamless (Direct In-App) | Supported | N/A (Bank Account) | Wallet Balance Only |
| Transfer Speed | Fastest (As little as 2 mins) | Varies (Hours to Days) | 1-3 Working Days | Instant to Specific Wallets |
| Regulatory Status | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
| Exchange Rates | Competitive (Zero Hidden Fees) | Mid-market + Fee | Bank Rate (Higher Spread) | Wallet Rate |
Why Security Matters for High Limits
When you increase your OCBC PayNow limit to facilitate larger transfers, security becomes paramount. Panda Remit is not only a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS), but it also employs bank-grade SSL encryption and multi-layered anti-fraud protocols. This ensures that whether you are sending S$100 or S$10,000, your transaction is protected by the highest compliance standards.
Explore More on Singapore Remittance
Looking to maximize your financial efficiency in Singapore? Check out these related insights:
- What is the maximum PayNow limit for foreigners in Singapore? – Understand the specific caps for different pass holders.
- How to send money from Singapore to China via Alipay instantly? – Learn how to link PayNow to cross-border wallets.
Ready to experience faster, safer global transfers? Register with Panda Remit today and enjoy exclusive zero-fee 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.
