What you need to know
The contactless payment dollar limit increased from $80.00 to $200.00 in April 2020, this was a temporary change in response to COVID-19. A permanent change across all banks will see a decrease in the contactless payment amount limit from $200.00 to $150.00.
This was initially scheduled to come into place on 2 November 2021 although the industry has since put this change on hold. This means that the contactless payment dollar limit will remain at $200.00 for the time being.
We will get in touch to advise when Mastercard® has confirmed the new date for the contactless payment dollar limit change. For more information on contactless payments please visit the Mastercard website here.
The SBS Bank Team