Manage your card's spending and withdrawal limits to maintain control over your business expenses. You can adjust these limits at any time and monitor current usage through your account settings.
Managing spending limits
Go to Payment Accounts.
Select your Banqup Business Account.
Navigate to the Cards tab.
Click on the desired card.
Select Card settings.
Click Spending limit.
Enter new amount and save.
Note: To monitor current spending, follow the same steps but click View spending instead. This shows you how much has been spent during the current week.
Setting withdrawal limits
You can set separate limits for daily and weekly cash withdrawals:
Follow steps 1-5 above.
Click Cash withdrawal limits.
Update your limits:
Set daily maximum.
Set weekly maximum.
Save your changes.
Note: To check current withdrawal amounts, click View withdrawals instead. This shows both today's withdrawals and the current week's total.
General advice
Setting appropriate limits helps you manage business expenses effectively while maintaining financial security. Consider your business needs when setting these limits, and remember you can adjust them at any time based on changing requirements or spending patterns.
Important notes
You must be a legal representative of the business to change a card’s limits.
FAQ
When do limits reset?
Weekly limits reset at the start of each week (Sunday is considered the first day of the week), while daily limits reset at midnight.
Can I set different limits for different cards?
Yes, each card can have its own customized spending and withdrawal limits.
How quickly do limit changes take effect?
Changes to card limits take effect immediately.