What type of CPF withdrawals does the online Daily Withdrawal Limit apply to and how do I change the online Daily Withdrawal Limit?
The Daily Withdrawal Limit applies to online CPF lump sum withdrawals made under withdrawals for immediate needs for members aged 55 and above.
A default online Daily Withdrawal Limit of $2,000 a day is applied to all CPF members aged 55 and above. You can adjust the online Daily Withdrawal Limit up to a maximum of $50,000, at any time under Account settings via Singpass authentication. Please note that any increase to the online Daily Withdrawal Limit will be subject to a 12-hour cooling period and may require enhanced authentication.
If you do not plan to withdraw soon, you may wish to consider activating the CPF Withdrawal Lock or lowering your Daily Withdrawal Limit to better safeguard your CPF savings.
This information is sourced from CPF
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