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Dear Valued Customers, Kindly be informed that with effect from 20th April 2021 onwards (date inclusive), you may adjust your SGD transaction limit (Fast transfer, Non-Instant transfer, PayNow transfer) via ICBC internet banking and mobile banking. The transaction limit may be adjusted to S$1,000 or multiples of S$1,000.
Please refer to the table below for the transaction limits. You may adjust them if needed.
| Types of local SGD transfer |
Per Transaction Limit |
Cumulative Daily Limit |
| Default |
Adjustable Range |
Default |
Adjustable Range |
| Fast transfer |
S$2,000 |
S$1,000－S$50,000 |
S$100,000 |
S$1,000－S$100,000 |
| Non-instant transfer |
S$2,000 |
S$1,000－S$50,000 |
S$100,000 |
S$1,000－S$100,000 |
| PayNow transfer |
Not Applicable* |
S$5,000 |
S$1,000－S$10,000 |
*Kindly note that for PayNow Transfer limit, once the cumulative daily limit is adjusted, the limit per transaction will also be adjusted accordingly.
Please note that the cumulative daily transaction limit for all types of transfers (Fast transfer, Non-instant transfer, PayNow transfer) and remittances will be capped by token limit of USD100,000.
Thank you for banking with us.
Yours Sincerely,
Industrial and Commercial Bank of China Limited, Singapore Branch
16th April 2021
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