After a customer has successfully passed the e-KYC verification, the wallet limit will increase to RM5000.
The spending limit will be increased accordingly to allow a larger sum of transactions.
For more information on how to upgrade your account and perform the e-KYC verification, you can refer to our wallet upgrade page.
FAQ
How does the limit for the unsupported Android version work?
Customers are given account limits depending on if they have done the e-KYC verification successfully or not.
However, if a customer uses an *unsupported Android version to open the app, the limits will be reduced according to BNM conditions.
*Unsupported Android version means Android versions that will no longer receive security updates.
What if I upgraded to a supported Android version?
Upon opening the app, the limit will be changed to the original limit which is the non-eKYC or e-KYC limit.
How are my limits counted if I use Setel Lite and Setel App?
The limits applied for Setel Lite and Setel App are the same.
Any transaction using the Setel wallet will be counted towards the account limits.
When can I transact if I hit a limit?
The limit will be refreshed in the next period (i.e., if the monthly limit is reached, it will be reset next month.).
If I hit only one of the limits, can I still transact?
No.
All transactions are checked against all the limits applicable.
The system will check whichever limit is reached and stop the transaction.
**NOTE
Daily transaction amount limit, daily transaction count limit, and single transaction amount limit are always applied.
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