For those comments that didn't show up under Most relevant, you have to ownself select "All comments".
You view a few others other than the 1st. Don't think they are only pertaining to overseas transactions.
Personally I'm still using Mari. Thankfully i haven't experience such blunt maybe i only keep to 10 to 20k..
Not a smearing campaign. Just to point out let's all becareful. Don't go all in can liao. In case sway sway dio lock or whatsoever.
Bro dont inject fear into people..
Its kind of you to raise this up.
Maribank is a digital full bank license given by MAS..similiar to DBS, UOB and OCBC, just that it operates slightly different from conventional banks, even this fintech, choco finance also didnt fall apart altho they withhold their funds at the start of this year 2025.
All the full license banks are required to submit their key monthly reporting 610 to MAS every month end.
MAS will scrutinize if there are variances between the months.
There are really people looking at it-> mainly MAS, External Auditors (usually using KPMG or PwC) and Internal Auditors.
You know to get these licenses already damn difficult.
Every $1 deposited into the bank, $0.10 goes into MAS as deposits for the bank.
The bank reserves with MAS is very significant and also act as SDIC to safeguard you.
So far even those that has wholesale banking license, offshore banking license banks, finance company licenses are within control, so far touch wood. There are no bank runs. I would say banking in SG is relatively safe.
Fintech dont have this requirements to do so. It is easy for them to run road.
So, dont mix up digital banks and fintechs.