OCBC customers in SG can freeze bank accounts instantly with new ‘kill switch’ in emergency

After the kill switch is activated, no transactions – whether done digitally, via an ATM or at bank branches – can be made. — The Straits Times/ANN

SINGAPORE: OCBC Bank customers will be able to immediately freeze all their bank accounts in case of an emergency, such as when they suspect they have been scammed, through a new “kill switch” feature the bank rolled out on Wednesday (Feb 16).

This is the first time the bank’s customers will have access to such a feature. Previously, account freezing could be done only by bank staff when customers called in.

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