Before the magnetic stripe card authentication, the transaction amount is less than 1999 yuan, and the daily limit of a single card is 50,000 yuan.

When the first transaction of magnetic stripe card is more than 2,000 yuan, you need to open Xiaoli Life APP or Helibao applet, and bank card authentication can authenticate your own card or someone else's card. After certification, the amount of magnetic stripe card is 50 thousand yuan.