Palmpay Daily Target & Withdrawal Limit (How To Upgrade)

Are you tired of hitting those daily limits on your account? Do you dream of sending more money, withdrawing larger amounts, or just having more freedom with your PalmPay wallet? Well, you’re in the right place.

Today, we’re going to dive into the world of PalmPay daily targets and withdrawal limits. But don’t worry – we’re not just going to tell you about the limits. We’re going to show you how to break free from them by upgrading your account.

In this post, we’ll cover everything you need to Know. Whether you’re a PalmPay newbie or you’ve been using it for a while, you’ll find something useful here.

So, are you ready to unlock the full potential of your PalmPay account? Let’s get started. By the time you finish reading, you’ll be a PalmPay pro.

What is PalmPay?

Before we dive in, let’s talk about what PalmPay is. PalmPay is a digital wallet that lets you send and receive money, pay bills, and buy airtime. It’s like having a bank in your phone. Many Nigerians use PalmPay because it’s easy and fast.

Understanding PalmPay Limits

Now, let’s talk about limits. PalmPay has rules about how much money you can send or withdraw in a day. These rules are called “limits”. There are different types of limits:

1. Daily Transaction Limit: This is how much money you can send or spend in one day.

2. Withdrawal Limit: This is how much cash you can take out in a day.

3. Transfer Limit: This is how much money you can send to other people or banks in a day.

Why Does PalmPay Have Limits?

You might wonder, “Why does PalmPay stop me from using all my money?” Well, there are good reasons:

1. Safety: Limits help keep your money safe. If someone steals your phone, they can’t take all your money at once.

2. Rules: The government has rules about moving money. PalmPay follows these rules to stay out of trouble.

3. Fairness: Limits help make sure everyone uses PalmPay fairly.

PalmPay Account Levels

PalmPay has different account levels. Each level has its own limits. The levels are:

1. Basic Level

2. Medium Level

3. High Level

Let’s look at each level closely.

Basic Level Account

When you first join PalmPay, you start at the Basic Level. Here’s what you can do:

• Daily Transaction Limit: ₦50,000

• Withdrawal Limit: ₦20,000

• Transfer Limit: ₦50,000

This level is good for small, everyday transactions. But what if you need to do more?

Medium Level Account

The next step up is the Medium Level. Here’s what you can do:

• Daily Transaction Limit: ₦200,000

• Withdrawal Limit: ₦100,000

• Transfer Limit: ₦200,000

This level is great for people who use PalmPay a lot. You can do more with your money each day.

High Level Account

The highest level is the High Level. Here’s what you can do:

• Daily Transaction Limit: ₦5,000,000

• Withdrawal Limit: ₦1,000,000

• Transfer Limit: ₦5,000,000

That’s a lot, right? With this level, you can move big amounts of money.

Palmpay Transfer Limits

Now, let’s talk about something really important – transfer limits. When we say “transfer,” we mean sending money to other PalmPay users or to bank accounts. This is probably one of the things you do most with PalmPay, right?

Just like with transactions and withdrawals, PalmPay has limits on how much you can transfer in a day. These limits change depending on your account level. Let’s break it down:

1. Basic Level Transfer Limit

If you’re on the Basic Level, you can transfer up to ₦50,000 per day. This means if you want to send your aunt ₦30,000 and your friend ₦25,000 on the same day, you can’t. You’d have to wait until the next day to send the second transfer.

2. Medium Level Transfer Limit

Medium Level users get a big boost. You can transfer up to ₦200,000 per day. Now you can send that ₦30,000 to your aunt and ₦25,000 to your friend, and still have plenty of room for more transfers.

3. High Level Transfer Limit

High Level users get the most freedom. You can transfer up to ₦5,000,000 per day! That’s a lot of naira! This level is perfect for business owners or anyone who needs to move large amounts of money.

Remember, transfer limits reset at midnight every day. So if you hit your limit today, you’ll be able to transfer again tomorrow.

How to Upgrade Your PalmPay Account

Now, the big question: How do you move up to a higher level? Don’t worry, it’s not hard! Here’s how:

Step 1: Open Your PalmPay App

First, find the PalmPay app on your phone. Tap on it to open it.

Step 2: Go to Your Profile

Look for a little person icon. It might be in a corner of the screen. Tap on it to go to your profile.

Step 3: Find “Upgrade Account”

In your profile, look for something that says “Upgrade Account” or “Increase Limit”. Tap on it.

Step 4: Choose Your New Level

PalmPay will show you the levels you can upgrade to. Pick the one you want.

Step 5: Provide Information

To upgrade, you need to give PalmPay some information. They might ask for:

• Your BVN (Bank Verification Number)

• A picture of your ID card (like your driver’s license or national ID)

• A selfie (a picture of your face)

• Proof of address (like an electricity bill)

Don’t be scared. This information helps PalmPay make sure it’s really you.

Step 6: Wait for Approval

After you send your information, PalmPay will check it. This might take a day or two. Be patient.

Step 7: Enjoy Your New Limits

Once PalmPay approves your upgrade, you’re done! You can now do more with your PalmPay account.

Using Your New Limits

Once you upgrade, you can do more with PalmPay. Here are some ideas:

1. Pay for big things, like rent or school fees.

2. Send more money to family or friends.

3. Buy more airtime or data at once.

4. Pay more bills in one day.

5. Save more money in your PalmPay wallet.

Remember, just because you can move more money doesn’t mean you have to. Always be careful with your money!

Staying Safe with Higher Limits

With higher limits comes more responsibility. Here are some safety tips:

1. Keep your PalmPay PIN secret. Don’t tell anyone!

2. Be careful when using public Wi-Fi to access PalmPay.

3. If something looks weird in your account, tell PalmPay right away.

4. Don’t send money to people you don’t know.

5. Always check before you send money. Make sure the amount and the receiver are correct.

Getting a PalmPay POS

Did you know you can also get a PalmPay POS? POS means “Point of Sale”. It’s a small machine that lets you accept payments from customers. Here’s how to get one:

Step 1: Qualify for a POS

To get a POS, you need to:

• Have a registered business

• Have a BVN

• Have a valid ID

Step 2: Apply Online

Go to the PalmPay website. Look for “POS Application” or “Become an Agent”. Fill out the form they give you.

Step 3: Wait for Approval

PalmPay will check your application. This might take a few days.

Step 4: Get Trained

If approved, PalmPay will teach you how to use the POS. Pay attention. This is important.

Step 5: Receive Your POS

PalmPay will give you your POS machine. Take good care of it.

Step 6: Start Your Business

Now you can start accepting payments. Congratulations.

Benefits of Having a PalmPay POS

Having a POS can be great for your business. Here’s why:

1. You can accept payments from anyone, even if they don’t use PalmPay.

2. You earn money for each transaction.

3. It’s fast and easy for your customers.

4. You can do other PalmPay services, like selling airtime.

5. It makes your business look professional.

Tips for POS Success

Want to do well with your POS? Try these tips:

1. Keep your POS charged and clean.

2. Learn all its features. The more you know, the better you can serve customers.

3. Always have enough cash to give change.

4. Be friendly to your customers. A smile goes a long way.

5. Keep track of your transactions. This helps with your business.

Frequently Asked Questions PalmPay daily targets, withdrawal limits, and upgrades

How do I check my current PalmPay account level?

Open your PalmPay app, go to your profile, and look for “Account Level” or “Account Status”. It should show whether you’re on Basic, Medium, or High level.

Can I upgrade my PalmPay account using someone else’s information?

No, you must use your own personal information to upgrade your account. Using someone else’s details is against PalmPay’s rules and can get your account closed.

What happens if I reach my daily limit?

If you reach your daily limit, you won’t be able to make any more transactions until the next day. The limits reset at midnight Nigerian time.

Do weekends and holidays count for the daily limits?

Yes, the daily limits apply every day, including weekends and holidays. Each day starts fresh at midnight.

Can I have more than one PalmPay account to get around the limits?

No, PalmPay only allows one account per person. Having multiple accounts is against their rules and can lead to all your accounts being closed.

If I upgrade my account, will my money earn more interest?

Account upgrades don’t directly affect interest rates. However, with higher limits, you might be able to keep more money in your PalmPay savings, potentially earning more interest overall.

Do I need to upgrade my account to get a PalmPay POS?

Not necessarily. POS eligibility is separate from account levels. However, having a higher account level might make you look more credible when applying for a POS.

Can I still receive money if I’ve reached my daily limit?

Yes, you can still receive money even if you’ve reached your daily sending or withdrawal limit. The limits only affect money going out of your account.

What should I do if I need to make a transaction above my limit for an emergency?

If you have an urgent need to exceed your limit, try contacting PalmPay customer support. In some cases, they might be able to help with a temporary limit increase.


Remember, PalmPay is a tool to help you manage your money. Use it wisely. Whether you stick with the Basic Level or upgrade to High, always be careful with your finances.

We hope this guide helps you understand PalmPay better. If you have more questions, don’t be afraid to ask PalmPay support. They’re there to help you.

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