Singapore's 24-Hour Transfer Rule Raises Concerns
Singapore is introducing new banking safeguards that will hold or reject large digital transfers exceeding half of an account's balance within 24 hours.
From 15 October 2025, Singapore's banks will be required to hold or reject digital transfers when they cross a new regulatory threshold.
- If a customer has at least S$50,000 in their account, trying to move more than half of that balance within a 24-hour period will trigger the bank to stop the transaction.
- The money will either be held for a full day or the transfer will be blocked outright.
The safeguard has been described by regulators as a way to insert a "cognitive break" into the transaction journey.
Critics have differing views on the new rule, which may interrupt the psychological tricks used by scammers to pressure victims into acting quickly.
Author's summary: Singapore introduces 24-hour transfer rule to prevent scams.