Set up, view and manage payment limits

The overall daily limit is the maximum value of payments allowable for your business. Exceeding this limit requires:

• an eligible Authorising User or Administrator to approve the breach 
• the payment to be authorised in terms of your payment authorisation rules

To amend the default overall payment limit, Administrators or an Authorised User can:

1. Select ‘Payment daily limits’ from the Admin menu.
2. Enter a limit of your choice in the 'Overall daily limit' field.
3. Select Save. 

You can choose to set limits per payment type if that suits your business. 

Any payment which breaches the payment daily limit defined by you will need to be approved. An Authorised User can be made responsible for approving any breaches of the set payment limits. To approve or decline a limit breach:

1. Select the Items awaiting action tab in NAB Connect.
2. Select ‘Requires approval’ under the Payments register.
3. Select the item you want to approve and select Approve or Decline.
4. Approved payments are now ready for authorisation.
5. Declined payments are updated to ‘Requires repair’, which can be edited or deleted.

You can also access these payments via the ‘Payment Register’ from the Payments menu.

Administrators and Authorising Users who have been granted the permission can view Payment daily limits by selecting ‘Payment daily limits’ within the Admin tab on the main menu in NAB Connect.