What's the maximum daily limit I can transfer from my AMP Bank account?

If you want to transfer money to another person from your AMP Bank account, there’s a default limit of $5,000 per payee account per business day.  

You can increase this limit up to $250,000 per payee account per business day within My AMP. You are also able to lower the limit below $5,000 within My AMP.  
 

Increasing your daily limits may increase your liability for unauthorised transactions. 

On My AMP website:

• log into My AMP
• select the Banking tab
• choose ‘Manage payees and accounts’ from the ‘I want to’ menu
• scroll through to your external accounts and click on the pencil icon next to Daily limit and update Daily limit (max $250,000) 

On My AMP app:

• log into My AMP
• click ‘More’ on bottom right and select ‘Pay someone’
• select From and To accounts
• your Daily transfer limit will be showing on screen along with the pencil icon. Select this and update your Daily limit (max $250,000)
• continue with your transaction.

Note: The maximum limit is $250,000. Increase request over $100,000 will be reviewed for added security and updates usually take 3 business days. 
 

You can also increase your daily limit by completing the appropriate ‘Register or cancel an External Bank Account’ form and sending this back to us.

• Register or cancel an External Bank Account – Personal Customers and Sole Traders
• Register or cancel an External Bank Account – Companies, Trusts and Other Organisations
   

Daily limit for near real-time* payments:

For near-real time* payments, there’s currently a daily customer limit of $5,000. This is the maximum you will be able to send in near real-time each day.  Any transaction, whether individual or cumulative initiated above this amount will be sent in accordance with our standard processing times**. To find out more, visit ‘Faster payments at AMP Bank’.