Limits are set on the dollar amount you can transfer externally daily, as a security measure to protect you from fraud and theft.
Your daily transfer limit will automatically be set at $5000. You can however, increase or decrease this limit up to a maximum of $10,000 on standard transfers only, if you are registered for two-factor authentication. Keep in mind, that if you increase your limit you may increase your liability in the case of unauthorised transactions.
Remember: BPAY payments or transfers between MyState Bank accounts are excluded from this daily transfer limit.