If you’re a Bank Islam customer in Malaysia, you may find the need to change your online transfer limit for various financial transactions. Whether you’re looking to make payments, send funds to friends or family, or ensure better control over your finances, Bank Islam offers a straightforward process for adjusting your online transfer limit. In this guide, we’ll walk you through the steps using two convenient methods: the Go by Bank Islam mobile app and the Internet Banking website.
Understanding Online Transfer Limit
Your online transfer limit is the maximum amount of money you can transfer from your Bank Islam account to another account through online banking.
This limit encompasses various types of transfers, including own account transfers, third-party transfers, bill payments, prepaid reloads, and more. The default daily transfer limit for Bank Islam customers is RM 50,000, with the ability to increase your own account transfer limit up to RM 1,000,000 per day.
Reasons to Change Your Online Transfer Limit
- Meeting specific financial needs: You may need to adjust your limit to accommodate large payments or transfers.
- Enhancing security: Lowering your limit can help mitigate the risk of unauthorized transactions.
- Customization: You can tailor your limit for different types of transfers as needed.
How to Change Your Online Transfer Limit
Method 1: Using Go by Bank Islam Mobile App
Go by Bank Islam is a mobile app that provides access to various banking services on your smartphone. Follow these steps to change your online transfer limit:
- Launch the Go by Bank Islam app and log in using your username and password or biometric login (Quick Touch).
- Tap the menu icon in the top left corner, then select “Settings.”
- Choose “Transaction Limit Maintenance.”
- Enter your current password and tap “Next.”
- Select the type of transfer for which you want to change the limit and tap “Edit.”
- Enter the new limit amount and tap “Save.”
- Review the details and tap “Confirm.”
- Enter the transaction signing code sent to your registered mobile number and tap “Submit.”
- You will receive a confirmation message that your online transfer limit has been successfully changed.
Method 2: Using Internet Banking Website
To adjust your online transfer limit via the Internet Banking website, follow these steps:
- Visit the Bank Islam Internet Banking website at www.bankislam.biz and log in with your username and password.
- Click on “Settings” in the menu bar.
- Select “Transaction Limit Maintenance.”
- Enter your current password and click “Next.”
- Choose the type of transfer for which you want to change the limit and click “Edit.”
- Enter the new limit amount and click “Save.”
- Review the details and click “Confirm.”
- Enter the transaction signing code sent to your registered mobile number and click “Submit.”
- You will receive a confirmation message that your online transfer limit has been successfully changed.
Tips for Online Banking with Bank Islam
Here are some tips to ensure a secure and efficient online banking experience with Bank Islam:
- Safeguard your login credentials, transaction signing code, and mobile device.
- Avoid sharing your login details or transaction signing code with anyone.
- Periodically change your password and use a strong, unique password.
- Always log out after each online banking session.
- Regularly review your account balance and transaction history.
- Promptly report any suspicious or unauthorized transactions to Bank Islam.
- Utilize Bank Islam’s foreign remittance services for international money transfers.
- Benefit from special rates for transactions exceeding RM 20,000 using Bank Islam’s foreign remittance services.
In conclusion, changing your online transfer limit with Bank Islam is a simple process that allows you to tailor your financial transactions to your needs. Whether you choose to use the Go by Bank Islam mobile app or the Internet Banking website, you can enjoy the convenience and flexibility of online banking with Bank Islam.
We hope this guide has been informative and helpful. If you have any questions or feedback, please don’t hesitate to leave a comment below. Thank you for reading and happy banking!