Maybank to impose cooling-off period for transfer limit increases starting July 31

Cybersecurity News

Maybank to impose cooling-off period for transfer limit increases starting July 31
TechnologyInternet
  • 📰 staronline
  • ⏱ Reading Time:
  • 13 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 75%

KUALA LUMPUR: The Employees Provident Fund (EPF) has published the EPF Sustainable Investment Stewardship Policy, which outlines the processes and guidelines it follows to promote good sustainability practices among its investee companies and external fund managers.

The measure allows customers to contact the hotline or activate the Kill Switch via the website or app to block accounts and stop transactions. — AZHAR MAHFOF/The Starthe cooling-off or waiting period was introduced to curb online bank fraud, especially in cases where scammers increase transfer limits before performing unauthorised transactions.

Transfers are still possible within the cooling-off period, as long as the customer doesn’t exceed the current transfer limit. It said customers will receive a notification via the app or SMS when the cooling period begins and ends.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

staronline /  🏆 4. in MY

Technology Internet

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Flight MH17’s journey from Amsterdam to infinity: July 2014 to July 2024Flight MH17’s journey from Amsterdam to infinity: July 2014 to July 2024THE HAGUE, July 16 — Here is a relook at the most important developments in the tragedy of the Malaysia Airlines plane bound for Kuala Lumpur in Malaysia from the day of its...
Read more »

Nicolas Cage's son, Weston, accused of attacking motherNicolas Cage's son, Weston, accused of attacking motherKUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) has launched its 'myimpact Invest” campaign for retail clients to offer value-based financial services via fair, transparent, inclusive, and sustainable practices.
Read more »

Abused Indonesian maid rescued by cops in SelayangAbused Indonesian maid rescued by cops in SelayangKUALA Lumpur City Hall (DBKL) is imposing new compound rates for traffic offences starting July 1.
Read more »

New Maybank update now lets you add up to 5 user accesses on your MAE appNew Maybank update now lets you add up to 5 user accesses on your MAE appToday, Maybank rolled out a new update on the MAE app that allows users to switch between individual and sole proprietor access. To use this
Read more »

New Maybank update now lets you add up to 5 user accesses on your MAE appNew Maybank update now lets you add up to 5 user accesses on your MAE appToday, Maybank rolled out a new update on the MAE app that allows users to switch between individual and sole proprietor access. To use this
Read more »

Close to RM7bil withdrawn from flexible EPF account, Dewan toldClose to RM7bil withdrawn from flexible EPF account, Dewan toldPETALING JAYA: Close to RM7 billion had been withdrawn from the flexible third EPF account as of June 10, the Dewan Rakyat was told.
Read more »



Render Time: 2025-02-15 18:58:58