StashAway users in Malaysia affected by multiple direct debit transactions due to technical issue

The company said that it has taken steps to return the funds that have been mistakenly deducted from clients' linked bank accounts. — Screengrab from StashAway website

StashAway Malaysia has acknowledged that some of its clients have been affected by a direct debit issue, where funds from their linked bank accounts were mistakenly deducted multiple times.

The digital wealth management platform said they discovered the issue on Monday (July 27) and contacted affected clients on the same day. The company also said that it has taken steps to refund all the money that had been deducted in error.

Start your ads-free experience now!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

StashAway , direct debit


Next In Tech News

Two-factor authentication faces new security threat from OTP bots
Brazil judge closes coordination probe into Google, Telegram
US DOJ drops claims that TikTok misled US consumers in lawsuit, Bloomberg News reports
German battery maker Varta cuts 2024 revenue forecast
UnitedHealth issues breach notification on Change Healthcare hack
CDK cyber outage hits US auto dealers for second day in a row
US CFTC probing Jump Trading's involvement in crypto, Fortune reports
Oracle to invest over $1 billion on AI, cloud computing in Spain
Coinbase launches $2 million ad campaign targeting Latino voters in US
Silicon Box to pick Piedmont for $3.4 billion Italian chip plant, sources say

Others Also Read