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Q:

What is a ‘Daily gross payment limit’?

A:

This is a payment limit that can be set on your profile by your administrator.

It sets the total amount of all outward payments that can be authorised across all your Bankline accounts on any given day.

The default setting for this is ‘No Limit’, unless you already have a ‘Maximum gross payment limit’ set by the bank.

Payment limits give you extra control of your outgoings and help protect your business from fraud. The decision to use them is yours, but we strongly recommend you set a limit that matches your business’s needs. 

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