how to increase paynow limit standard chartered
熊猫速汇PandaRemit - 2025-12-31 20:51:17.0 11
To increase your Standard Chartered PayNow limit, log in to the SC Mobile App, navigate to 'Settings' > 'Payment Limits', and adjust your daily transfer cap (up to S$200,000). Increasing this limit allows you to fully utilize Panda Remit for seamless payments via PayNow, ensuring your global transfers are processed in as little as 2 minutes.
Step-by-Step Guide: Adjusting Your SC Mobile Transfer Limits
Standard Chartered Singapore allows users to manage their transaction limits securely via digital banking. Follow this 1-2-3 step guide to update your settings immediately:
- Access Settings: Log in to your SC Mobile App or Online Banking. From the side menu, select 'Settings' and then tap on 'Payment Limits'.
- Select PayNow/Fast: Choose the category for 'Non-designated payees' or specifically 'PayNow' transfers. The default limit is often set low for security, but you can increase this to a maximum of S$200,000 depending on your account tier.
- Authenticate & Confirm: Enter your new desired daily limit. You will be required to authenticate this change using your SC Mobile Key or a One-Time Password (OTP) for security verification. Once confirmed, the new limit is active immediately.
Why Increase Your PayNow Limit?
Raising your PayNow limit is essential for users who need to send significant amounts of money overseas. By increasing your cap, you can take full advantage of modern remittance services like Panda Remit, which supports PayNow as a primary funding method. This ensures you can lock in competitive exchange rates for larger sums without splitting transactions.
Comparison: Panda Remit vs. Traditional & Digital Competitors
When using your increased PayNow limit for international transfers, choosing the right provider is crucial. Below is a comparison of Panda Remit against major Singaporean alternatives.
| 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 partners only |
| PayNow Integration | Seamless In-App Support | Supported | N/A (Direct Debit) | Supported |
| Exchange Rates | Market-beating rates (Zero hidden fees) | Mid-market rate + Variable Fee | Bank Rate (Often includes markup) | Competitive but varies |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
| New User Offer | Zero-Fee First Transfer | Occasional promo | N/A | Points/Cashback |
Security & Compliance: Your Funds are Safe
When increasing your bank limits to transfer larger sums, security is paramount. Panda Remit is a Major Payment Institution strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. We employ bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure that every transaction funded via your Standard Chartered PayNow account 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 Singapore today and enjoy exclusive rates for 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.
