how to increase paynow limit scb
熊猫速汇PandaRemit - 2025-12-31 20:50:49.0 10
To increase your Standard Chartered (SCB) PayNow limit, log in to the SC Mobile App, navigate to Settings > Transfer Settings, and adjust your daily limit (up to SGD 200,000). Once updated, you can utilize these higher limits for seamless payments to fund international transfers via Panda Remit, ensuring your money arrives globally in as little as 2 minutes.
Step-by-Step Guide: Changing Your SCB PayNow Limit
Standard Chartered allows users to adjust transfer limits instantly via digital banking. Follow these three steps to ensure your account is ready for larger transactions:
- Log in to SC Mobile or Online Banking: Open your Standard Chartered app and authenticate using your credentials or biometrics.
- Navigate to Transfer Settings: Tap on the menu, select "Settings," and then choose "Transfer Settings." Look for the option labeled "Update Daily Limit."
- Adjust and Authenticate: Select "PayNow" as the transfer type. Enter your desired new limit (the maximum is usually SGD 200,000). Confirm the change using your Digital Token or SMS OTP.
Why Optimize Your PayNow Limit?
Increasing your PayNow limit is essential for users who need to send significant amounts of money overseas efficiently. By linking your SCB PayNow capabilities with Panda Remit, you unlock a superior remittance experience compared to traditional banking methods.
Comparison: Panda Remit vs. Competitors
See how Panda Remit stacks up against other major players in the Singapore market when funding transfers via PayNow:
| Feature | Panda Remit | Wise | DBS Remit |
|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | Varies (Minutes to Days) | 1-3 Business Days (Typical) |
| Exchange Rates | Competitive Rates (Better than banks) | Mid-market rate + Variable Fee | Bank Rate (Higher FX Markup) |
| PayNow Integration | Seamless In-App Payment | Supported | N/A (Internal Transfer) |
| Fees | Zero fees for first transfer | Percentage-based fee | Usually $0 transfer fee (Hidden in FX) |
Security and Compliance: Your Funds are Safe
When increasing your banking limits for remittance, 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.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border finances further, consider these related topics:
- What is the maximum standard chartered paynow daily limit for expats?
- How to find the best remittance app singapore for CNY transfers?
Ready to experience faster, safer global transfers? Register with Panda Remit today and enjoy zero fees on your first remittance.
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.
