FAQs

Is there a transaction limit for a PayTo payment?

Your PayTo agreement may specify an exact amount to be paid and a regular payment frequency (for example, monthly), or a variable payment amount with a limit (for example, ‘up to $100 per month’), as agreed with the business or merchant you’ve authorised to take payments.

You’ll only be able to receive PayTo agreements that are:

• $1,000 or less per payment where the payment frequency is listed as 'anytime’' and ‘payments made within a day’* (sometime also referred to as ‘ad hoc’).
• $25,000 or less per payment where the payment frequency is not listed as ‘anytime’ or ‘payments made within a day’(fixed or variable).

*When a payment frequency is set to ‘anytime/ad-hoc’, payments will be debited at intervals determined by the business or merchant.

PayTo payments

If you don’t have sufficient funds available in your account when the PayTo payment is due, your PayTo payment will be declined. You’ll need to contact the business or merchant.

Note: PayTo payments are not included in Daily Payment Limits or Business Daily Payment Limits.