How can I increase my cash limit in Grab?

Understanding the Cash Limit in GrabPay

GrabPay, a convenient e-wallet provided by Grab, offers a daily-resetting cash-in limit. This monthly limit is set at PHP 250,000, providing users with ample flexibility to manage their finances digitally.

Monthly Cash-In Limit

The monthly cash-in limit of PHP 250,000 is an overarching limit that applies to all cash-in transactions made through various channels, including bank transfers, over-the-counter cash deposits, and other supported methods. This limit is refreshed on the first day of each calendar month, allowing users to start anew with their cash-in transactions.

Importance of the Cash-In Limit

The cash-in limit serves several purposes:

• Protects users from financial losses: By limiting the amount of money that can be added to a GrabPay account at any given time, Grab helps safeguard users from potential financial risks associated with unauthorized transactions or fraud.
• Promotes responsible financial management: The limit encourages users to plan their cash-in transactions wisely and avoid overspending. It helps foster healthy financial habits and prevents excessive debt accumulation.
• Complies with regulatory requirements: Grab must adhere to various financial regulations, including those related to money laundering and terrorism financing. The cash-in limit helps the company comply with these regulations and ensure the safety and integrity of the platform.

Note:

• The cash-in limit is specific to each user and may vary depending on factors such as account verification status and frequency of usage.
• Grab reserves the right to review and adjust the cash-in limit at any time to safeguard users and comply with regulatory requirements.