hyphenation
Senior Member
- Joined
- Dec 27, 2020
- Messages
- 720
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What if 90% of such transactions are actually legit? Will the others whom are not affected be complaining about the delay in transfer of money? It should not be so easy for banks to transfer money else that will become another issue altogether, banks act on instructions of the owner of the money, the account holder should look after their own money?Can't OCBC stop the remittance given that is such a big amount and clearance of account to overseas? Don't such remittances (big amount or clearance of account) send an alert to the bank's cyber security department? How come the remit is the immediate effect? Can't banks reverse the transfer? Can't a bank have a system like if want transfer big amount, it has to subject bank due diligence first (eg video call customer, video call the transferee)?
Don't tell me the bank has no obligation to look after your money?