The National Commercial Bank says it is adjusting its online transaction limits.
The banks says this is in a bid to enhance access controls in light of increased levels of cyber attacks, especially phishing and smishing.
Effective today (Thursday), default limits have been imposed for transactions done via the personal banking platform.
Third party transfers to NCB account holders, wire transfers and transfers to other banks, now have a daily limit of $150,000, down from $500,000.
The monthly limit for these transfers is now at $500,000, coming from $1 million for NCB third party transfers and transfers to other banks, and $1.5 million for wire transfers.
The daily limit for bill payment and transfers between personal accounts remains at $2 million per day.
NCB says customers can request for the limit to be adjusted upward.
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