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Important Information

Important Notice: Lowering of Daily Transaction Limits to S$5,000

Dear Clients,

Your safety is our priority. As part of our enhanced anti-scam measures, please note that the Bank will be reducing the default daily transfer limit from S$20,000 to S$5,000 for all clients with effect from 9 October 2022, except for clients who have:

  • any recurring payments in the last 12 months OR
  • changed their daily default limits in the last 6 months

This will also impact the amount authorised for the following transaction types:

  • 3rd Party SCB Funds Transfer/eNETs
  • Interbank Funds Transfer
  • Bill Payment
  • International Funds Transfer
  • Pay other bank’s credit card

To safeguard yourself against fraudulent transfers, we recommend that you set a transaction limit that you are comfortable with. To amend your transaction limit, please log in to your Online Banking account and click on “Security & Limits Maintenance” on the top right menu.

FAQs

Will this reduced daily transfer limit affect my PayNow Transaction Limit or PayNow QR Transaction Limit?

The one-time PayNow Transfer limit of $1,000 still applies. However, if you would like to perform PayNow transfer above $1,000, the additional PIN is required for up to S$5,000.

How can I adjust my daily transfer limits?

Amending of the daily transfer limits can be performed only via Online Banking. You may click on “Security & Limits Maintenance” on the top right menu.