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Is there a maximum amount that can be received via PayNow? What should I do if I want to withdraw more than the limit?

There is a maximum amount of $200,000 that you can receive via PayNow, subject to daily and monthly limits set by your bank.

If you need to withdraw more than $200,000, you will need to submit another application. For instance, if you want to withdraw $300,000, you can submit two applications: one for $200,000 and another for $100,000. Alternatively, you can opt to receive your payment via Interbank GIRO, which will require a longer processing time.