At Australian Mutual Bank we are continuously working to make managing finances easier and more convenient for our members. This is why we are excited to announce the introduction of the self-service Daily Transaction Limits feature, giving you the option to raise your external standard transfer limit without the need for phone calls or branch visits.
With the launch of this feature you are now able to increase your daily external standard transfer limit up to $5,000*, using Internet Banking. This applies to all standard payments and transfers to non Australian Mutual Bank accounts.
Whether you're planning a dream vacation, making a significant purchase, or handling unexpected expenses, the self-service Daily Transaction Limits feature gives you the flexibility to manage your funds as situations arise.
To manage daily transaction limits on your account:
Step 1
Log in to Internet Banking.
Step 2
Select ‘Change Daily Transfer Limit’ in the Self Service menu.
Step 3
Choose your preferred limit.
Step 4
Limits are increased temporarily for three days. If you wish to increase your limit permanently select the box ‘Retain the proposed daily transfer limit for an extended period’.
Step 5: Select ‘Submit’.
Please note that increasing your daily transaction limits may increase your liability for unauthorised transactions. Your daily limit will remain at the increased amount until you change this. We recommend utilising this feature judiciously, reserving its use for situations where the enhanced limit genuinely serves your immediate needs.
If you would like to increase your external transfer daily limits above $5,000, you can do so by sending a Secure Message via the app or Internet Banking, or by visiting a branch. Members without the app or Internet Banking should get in touch on 13 61 91.
*NOTE: This excludes OSKO/NPP, BPAY and International Payments.
