Change Local Funds Transfer Limits

Change your local funds transfer limits easily via digibank.

Important information

  • There are 2 types of local funds transfer limits you may change:
    • Funds transfer limit within DBS/POSB Accounts and
    • Funds transfer limit to other local bank accounts
    If you wish to change your Funds Transfer limit for PayNow or Scan & Pay transactions, you may change your funds transfer limit to other local bank accounts.
  • Default daily funds transfer limit for transfer to DBS/POSB Accounts: S$3000; Max Limit S$200,000.
  • Default daily funds transfer limit for transfer to other local bank accounts: S$1000; Max Limit S$200,000.

How to Change Funds Transfer Limits

There are various channels which you may Change Funds Transfer Limits with us. The most convenient method would be via digibank mobile.

digibank mobile
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Click on the steps to view screens
1
Step 1
Log in to digibank mobile with your Touch / Face ID or digibank User ID & PIN and tap More.
2
Step 2
Under Transfer Settings, tap on Local Transfer Limit.
3
Step 3
Tap on the transfer type you would like to change.
If you wish to change Funds Transfer limit for PayNow or Scan & Pay transactions, please select To Other Banks .
4
Step 4
Set your limit and tap Next.
5
Step 5
Review your new daily limit and tap Change Daily Limit Now.
6
Step 6
Your new transfer limit has now been updated!
Get the latest POSB digibank mobile app now!
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Click on the steps to view screens
1
Step 1
Log in to digibank online with your User ID & PIN.
2
Step 2
Complete the Authentication Process.
3
Step 3
Under Transfer, select More Transfer Services.
4
Step 4
Under Manage Recipients and Transfers and select Change Local Transfer Limit.
5
Step 5
Select your Transfer Type and New Limit and click Next.
If you wish to change Funds Transfer limit for PayNow or Scan & Pay transactions, please select Other Local Bank Account.
6
Step 6
Review your new daily limit and click Submit.
7
Step 7
Complete the Authentication Process and your new transfer limit has now been updated!
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