Capitec Bank is known for its innovative and user-friendly digital solutions. One of these solutions is the Capitec App, which allows you to do your banking on-the-go, anytime and anywhere. However, users of the app may face a daily limit when performing certain transactions, which can be inconvenient for those who need to make larger transactions.
What is the daily limit on the Capitec App?
The daily limit on the Capitec App is set by default to ensure the safety and security of your finances. The limit is set based on the type of transaction and can range from R5,000 for cash withdrawals to R100,000 for payments.
Why would you want to increase the daily limit on the Capitec App?
There are several reasons why you may want to increase your daily limit on the Capitec App. Perhaps you need to make a large payment that exceeds your current limit, or you need to withdraw more cash than the limit allows. Increasing your daily limit can help you avoid the hassle of performing multiple transactions or waiting for the limit to reset the next day.
How to increase your daily limit on the Capitec App
If you need to increase your daily limit on the Capitec App, you can do so by following these simple steps:
Step 1: Open the Capitec App
To begin the process, open the Capitec App on your smartphone or tablet. If you don't have the app installed, you can download it from your device's app store.
Once you have opened the app, navigate to the My Limits section. You can do this by clicking on the Menu icon and selecting the My Limits option.
Step 3: Select the transaction type
Next, select the type of transaction for which you want to increase your limit. For example, if you want to increase your payment limit, select the Payments option.
Step 4: Enter your new limit
After selecting your desired transaction type, you will be prompted to enter your new limit. Enter the amount you wish to increase your limit to, bearing in mind that the new limit must be within the maximum limit for that transaction type.
Step 5: Confirm your new limit
Confirm your new limit by entering your Capitec Remote PIN (personal identification number). Your new limit will then be set, and you can proceed with your transaction.
Conclusion
The Capitec App is a convenient way to do your banking on-the-go. However, the daily limit on certain transactions can be a hindrance. By following these simple steps, you can easily increase your daily limit on the Capitec App and enjoy even more flexibility and convenience with your banking.
