The limit on contactless card payments has increased from £45 to £100 from today and means shoppers across the UK will only be required to enter their PIN code to pay for purchases if they exceed that amount.
The limit change was put in place to encourage people to spend more in shops now that restrictions are no longer in place which in turn will help boost the economy. However, consumers should be aware that some shops might take longer to introduce the new limit, because they need to update their terminals.
And for anyone worried about the potential risk of fraud if their card is lost or stolen, they may be able to set their own contactless payment limit - but it depends on who they bank with.
Options vary between banks, but here is what we know so far.
Lloyds Banking Group
Customers of Lloyds, Halifax and Bank of Scotland will be able to set their own contactless limits of between £30 up to £95, in increments of £5.
They can also toggle contactless functionality on and off. If people turn contactless off, they will need to key in their PIN when paying by card.
Starling Bank
Customers will be able to select a limit of their choice between £0 and £100, in £10 increments using its app. They can turn contactless off entirely if they want to.
NatWest
Customers can choose to turn off the contactless function of their card using NatWest's mobile app but cannot currently set their own limit.
HSBC UK
The bank does not currently offer the ability to set individual contactless limits, but it said customers can request a non-contactless card if that is their preference.
Barclays
While customers do not currently have the option to set their own contactless limits, they can set spending limits across all of their transactions, which includes contactless transactions.
These controls can be updated in real time in their app.
Santander
The bank is working on an option for customers to be able to request lower contactless limits, but this will not be immediately available.
Nationwide Building Society
Nationwide members will have the ability to turn off the contactless function and can also request a non-contactless card if they prefer.
The building society is also planning to launch the ability for members to set a lower contactless limit than £100 in the future.
Virgin Money / Clydesdale Bank
Customers cannot set their own limit or toggle contactless on and off.
Metro Bank
Metro Bank does not currently have plans to allow customers to set individual limits on their contactless cards. It added that it has a range of safeguards in place across its channels to protect customers against fraud.
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