If you have money in any of the local 3 bank accounts, congratulations, you can now activate a “money lock” feature to lock up a portion of your funds so that it cannot be transferred or withdrawn. The new security move was formalized in December 2023 as part of enhanced banking security measures in Singapore, […]

source: https://thefinance.sg/2024/01/30/review-why-are-most-people-choosing-ocbc-money-lock-over-dbs-digivault-and-uob-lockaway/