SINGAPORE: From Mar 7, DBS digital banking users will need to wait for 12 hours before they can increase their transfer limits or add a new payee, as part of security measures to combat “increasingly sophisticated” scams, the bank said on Friday (Feb 20).
In an email to its customers, DBS said that 12-hour cooling periods will be introduced for adding a new recipient, increasing daily local and overseas transfer limits and updating contact details such as emails and mobile numbers.
The new measures are in addition to the existing 12-hour cooling period for the activation of digital security tokens, DBS said.
