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DBS, UOB and OCBC to allow customers to lock-up funds amid rising scam cases

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
DBS, UOB and OCBC to allow customers to lock-up funds amid rising scam cases
Customers can lock up funds in their bank accounts to safeguard against unauthorised transfers and malware scams. Photo: Bloomberg
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DBS (SGX:D05) , UOB (SGX:U11) and OCBC (SGX:O39) have launched features allowing customers to lock up funds in their bank accounts to safeguard against unauthorised transfers and malware scams. 

This is amid rising scam cases reported in the city-state.

DBS and POSB have launched digiVault, which will be progressively rolled out to customers from Nov 27 onwards. It will be available to all customers by Dec 7.

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