Error updating account spend limit using the Amazon SNS console

Question

After AWS raised our quota limit for Sending Text Messages, we received email with instructions "Before you can send messages, you must update your account spend limit using the Amazon SNS console or API using the following instructions. (http://docs.aws.amazon.com/sns/latest/dg/sms_preferences.html)
After following the steps, entering the spend limit and clicking on save changes, we are getting this error: Couldn't set text messaging attributes.
Error code: AuthorizationError - Error message: You are not authorized to perform actions for the provided bucket policy Allows 
            "Action":   "s3:PutObject", "s3:*"

Accepted Answer

Review your S3 bucket policy and check if it allows **Amazon SNS** (Principal service: sns.amazonaws.com) access for S3 actions s3:PutObject, s3:GetBucketLocation and s3:ListBucket.

Here's a sample bucket policy:
https://docs.aws.amazon.com/sns/latest/dg/sms_stats_usage.html#example_bucket_policy

After adding the required bucket policy, continue configuring your SMS messaging preferences.

Error updating account spend limit using the Amazon SNS console

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