Sunday, May 26, 2024
HomesingaporeSingapore banks to allow customers to 'lock up' funds in latest move...

Singapore banks to allow customers to 'lock up' funds in latest move to guard against scams

SINGAPORE — As a further step to guard against rising scam cases, Singapore’s three local banks will soon allow their customers to set aside and “lock up” a certain amount of funds that cannot be transferred out of one’s account digitally.

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