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Singaporean banks will impose a 24-hour delay on large digital transfers starting Oct. 15, 2025, to fight scams.
Starting October 15, 2025, major Singaporean banks will enforce a 24-hour cooling period or immediate rejection for digital transactions exceeding 50% of an account’s balance within 24 hours, affecting accounts with at least S$50,000.
The measure, aimed at combating scams, applies to online and app banking, including joint accounts, and includes instant alerts and automatic release after the cooling period for legitimate transfers.
Exemptions cover recurring payments and verified bill payments.
Banks urge customers to plan time-sensitive transactions early to avoid delays.
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Los bancos singapurenses impondrán un retraso de 24 horas en las grandes transferencias digitales a partir del 15 de octubre de 2025, para combatir los fraudes.