Singapore's 24-Hour Transfer Rule
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 even reject digital transfers when they cross a new regulatory threshold.
- If a customer with at least S$50,000 in their account tries to move more than half of that balance within a 24-hour period, the bank will automatically stop the transaction.
The money either sits on hold for a full day, or the transfer is blocked outright.
The safeguard has been described by regulators as a way to insert a "cognitive break" into the transaction journey.
Critics see it differently, but the rule may interrupt the psychological tricks that scammers use to pressure victims into acting quickly.
Author's summary: Singapore introduces 24-hour transfer rule to prevent scams.
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