Flash ATM decision from banks: Limits are being increased

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Lerato Khumalo

In line with complaints and demands from customers, private banks decided to increase the QR code usage limit at ATMs for cash withdrawal transactions. This change aims to facilitate the processes that cause long queues at bank counters.

According to the news in Ekonomim, some private banks decided to change their QR code withdrawal limits in order to solve the problems customers experience with card transactions.

The congestion at bank counters caused many people to make transactions by combining card and QR code limits. This situation created problems at points where the limit was insufficient.

With the regulation, many private banks offer higher withdrawal opportunities to their customers by increasing the daily limits for withdrawal transactions made with QR codes.