What is the default transfer limit?

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.

What can I increase my transfer limit to?

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.

How long will it take to increase my transfer limit?

Increase requests up to $25,000 are instantanious, however requests over $25,000 will be reviewed for added security and updates usually take 3 business days.

If you need to transfer large funds urgently, you can call us on 13 30 30 to authorise a one off transfer up to $100,000.

How to increase your transfer limit in My AMP

Please note that increasing your daily limits may increase your liability for unauthorised transactions.
 
  1. Login or register for My AMP
  2. Select the Banking tab
  3. Choose Manage payees and accounts from the I want to menu
  4. Scroll through to your external accounts and click on the Pencil icon next to daily transfer limit
  5. Update your daily limit (max. $250,000).

How to increase your transfer limit in the My AMP app

Please note that increasing your daily limits may increase your liability for unathorised transactions.
 
  1. Open or download the My AMP app
  2. Select Pay in the Navigation bar
  3. Choose Pay anyone and select the accounts you want to transfer From and To
  4. Your daily transfer limit will be displayed on screen. Click Change to update your daily limit. 
  5. Update your daily limit (max. $250,000).

Can I increase my daily transfer limit if I don't have access to My AMP?

Yes, you can also increase your daily limit by completing the appropriate 'Register ro cancel an External Bank Account' form and sending it back to us.
 



Download the My AMP app

What you need to know

The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517.

It’s important to consider your circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account. Information including interest rates is subject to change without notice.

Any application is subject to AMP Bank’s approval. Terms and conditions apply and are available at amp.com.au/bankterms or 13 30 30. Fees and charges may be payable. Full details are available in the Fees and charges guide.

This information is provided by AMP Bank Limited. Read our Financial Services Guide available at amp.com.au/fsg for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.

AMP Bank is a member of the Australian Banking Association (ABA) and is committed to the standards in the Banking Code of Practice. 

A target market determination for these products is available on our TMD page.