What is a payment limit?
Your payment limit is how much money you can pay from your online banking in a day. It includes the following transactions:
- Once-off and beneficiary payments.
- Buying PrePaid airtime and data.
- Buying PrePaid electricity.
- CashSend.
For example, if your payment limit is R1 000, you can only make payments, buy PrePaid or make CashSend of up to R 1 000 each day.
If you set your payment limit to R0.00, you cannot make payments, buy PrePaid or make CashSend.