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What does the off-counter daily limit mean?

Off-counter daily limit is a common term in modern banking system. It refers to the limit of the maximum amount of transactions that can be executed in a single day by means of bank customers outside the counter, such as online banking, mobile banking and self-service terminals. The setting of the daily limit of non-counter is mainly to ensure the safety of customers' funds and prevent criminals from using the Internet and other channels for theft or fraud.

The specific setting of the daily limit for non-counter services varies from bank to bank. Generally speaking, customers can conduct bank transfer, credit card repayment, wealth management purchase and other operations through online banking, mobile banking and other channels, but the amount of execution in a single day will be limited. At present, with the rise of mobile payment and internet finance, the daily limit of non-counter is getting higher and higher, making all kinds of financial services more convenient and fast.

Some customers may not be able to complete a large amount of fund transactions because the daily limit for off-counter transactions is not high enough. At this time, they can apply to the bank to increase the limit. However, banks usually take a series of risk control measures, such as requiring applicants to provide more identification materials, explanation of application reasons, transaction purposes and other information, and examine and approve according to the actual qualifications and credit status of customers. Therefore, it is not an easy task to increase the daily limit of non-counter, and customers need to be prepared in advance.