All bank accounts have an EAP limit, which is used to limit the value of payments made over a predetermined duration, for security purposes. Below we will highlight ways to increase this limit for Standard Bank specifically.
As per the Standard Bank support guide:
- To begin, go to your home screen and select Manage.
- Select EAP limit.
- Select your new monthly EAP limit. Hint: You can set this amount to a maximum of R500 000
- Then select Done.