Singapore Banks to Restrict High-Value Transfers: Urgent Account Updates Needed Before 20 October 2025
In a major move to strengthen digital banking security, Singapore’s leading banks have announced tighter controls on high-value fund transfers. Starting from 20 October 2025, all customers must verify and update their banking details to avoid potential transfer delays, account holds, or temporary transaction freezes. This initiative is part of a collective industry effort coordinated by the Monetary Authority … Read more