What is Commbank PayID limit?

The Commonwealth Bank of Australia (CBA) offers PayID as a fast and secure way to send and receive money using a mobile number or email address. While the standard PayID transaction limit is $1,000 per transaction, this can vary based on your account type and settings. For personal accounts, the default limit is typically $1,000. However, business accounts may have higher limits, up to $150 million per transaction, depending on the specific arrangements and services activated, such as CommBiz.

How to Check or Change Your PayID Limit

To verify or adjust your PayID transaction limit:

1. Log into the CommBank App or NetBank: Access your account through the official CommBank app or via NetBank.
2. Navigate to Settings: In the app, go to your profile and select 'Settings'. In NetBank, find the 'Settings' menu.
3. Select 'Payment Settings' or 'PayID': Look for options related to payment limits or PayID settings.
4. Review or Adjust Limits: Here, you can view your current PayID limits and request changes if necessary. Note that increasing your limit may require additional verification steps.

For business accounts using CommBiz, the PayID limit can be significantly higher, accommodating large transactions up to $150 million per payment.

Important Considerations

• First-Time Payments: Be aware that first-time payments to a new PayID may be subject to a 24-hour hold for security checks.
• Security Measures: Always ensure your account details are secure and be cautious of phishing attempts or scams.
• Transaction Limits: If you need to send amounts exceeding the default limit, consider using alternative methods like BPAY or international money transfers, which may have higher limits.

For personalized assistance or to discuss increasing your PayID limit, contact Commonwealth Bank's customer support. They can provide guidance tailored to your account type and needs.