What is the spending limit on the Bano VISA Card and can I manually change it?
When you first receive your Bano VISA Card, the default settings of your spending limit are as follows:
| Spending Limit | Amount |
|---|---|
| Limit for Single Spending | $10,000 AUD |
| Daily Spending Limit | $10,000 AUD |
| Weekly Spending Limit | $10,000 AUD |
| Monthly Spending Limit | $ 40,000 AUD |
| Annually Spending Limit | $ 480,000 AUD |
However, you are able to change the default settings to your preferred settings.
- Tap the ‘Card’ icon located at the bottom of your home screen
- Tap ‘Settings - Limits’ and set your new spending limit.
Apple Pay/Google Pay
For Apple Pay, your spending limit follows the limit that you have chosen for your card. This can be changed following the instructions above. For Google Pay, there is a payment limit of $500.
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