Bank Account Warning Issued over Contactless Card Payment Changes

MONEY POLL: Should the £100 contactless card payment limit be lifted? Vote now

Contactless card payments are set to be overhauled in 2026 under plans being drawn up by the Financial Conduct Authority (FCA) with the £100 limit set to be lifted for millions.Earlier this week, the financial services regulator confirmed that bank customers will now be able to set their own contactless card limit, raising the current £100 threshold, or set now limit at all. TRENDING Stories Videos Your Say However, concerns have been raised th…

Bank account warning issued over contactless card payment changes

The Financial Conduct Authority has announced that banks will be able to set their own contactless card payment limits from March 19, 2026, with the current £100 cap being removed

UK TO SCRAP £100 CONTACTLESS CARD PAYMENT LIMIT UNDER NEW REGULATOR RULES

Sat 20 December 2025: The UK’s £100 (nearly $134) limit on contactless card payments is set to be scrapped next year, potentially allowing shoppers to spend unlimited amounts without entering their pin, after the financial regulator announced major changes to the rules. The Financial Conduct Authority (FCA) said on Friday that from March 19, banks […]

Regulator explores easing or potentially removing UK contactless payment limits to support growth

The UK’s Financial Conduct Authority is assessing whether removing or raising the current contactless payment limit could benefit consumers, merchants and wider economic growth, as part of a broader push to make financial regulation less prescriptive. In an engagement paper, the regulator said greater flexibility on contactless limits could deliver smoother transactions for households and businesses, while giving payment firms more control over …

FCA statement on contactless limits

On 19 December 2025, the Financial Conduct Authority (FCA) published a statement setting out that greater flexibility is to be given for setting contactless limits.OverviewThe FCA set out that banks and payment providers with strong fraud controls will be able to set their own limit for contactless payments and that they are also being encouraged to let customers set their own limit, or turn contactless off altogether.However, the FCA also made …

Greater flexibility to be given for setting future contactless limits