Daily Transfer Limits

In response to feedback from our Members, we’re making it easier to transfer higher amounts from the Bank First Internet Banking and Mobile Banking App.

A maximum Member daily limit of $22,000 applies for external payments, with the following sub-limits also applicable:

Type of transfer	Daily Limits (per Member) Effective 8 October 2024
Standard External Transfers	$5,000.00
OSKO	$5,000.00
Bpay	$10,000.00
International Online Transfers	$2,000.00

The maximum Member daily limit of $22,000 is irrespective of the number of Authorised signatories to an account.

Loan redraw is captured by the above sub-limits.

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Frequently asked questions

You can change your daily transaction limits in Internet Banking.
- Login to Internet Banking.
- Select Settings.
- Then select Daily Transaction Limits to update your limits.
Once updated, the limits are cumulative and apply to transactions made via Internet Banking, the Bank First App and apply to all your accounts.
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Remember to check your account regularly and alert us immediately if you notice an unauthorised transaction. When making an external payment, take care to ensure the payee's account details are correct as it can be difficult to retrieve money sent to an invalid or incorrect account. Visit our fraud and scams page to keep learning about simple steps that you can take to protect your account.
As always, your financial security is our priority. We have high standards in place to protect you and your money, which you can learn more about how we protect you.
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Joint accounts currently allow each account owner to transact separately according to their own daily limits. This will remain unchanged, with the new Member limits continuing to apply to all accounts regardless of whether they are individual or joint.
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No, your internal transfer and card limits will remain unchanged.
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I still have questions. What should I do?

We’re here to help. Please contact us to discuss your question.

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