Outgoing payment limits are set for each user during the Moneybase Business account setup, or whenever a user’s access is updated.
These limits are user-specific and determine what each user can do when creating, approving or sending outgoing bank transfers.
The available payment limits are:
- Create payments - the maximum daily cumulative amount the user can create in outgoing bank transfers.
- Self-sign payments - the maximum daily cumulative amount the user can send without approval from another authorised user.
- Approve payments - the maximum daily cumulative amount the user can approve. This does not apply to self-created payments, sole traders or small business plans.
If you need to change a user’s payment limits, a Change of User Form must be completed and signed by the authorised signatory/signatories.
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