oh cos just few weeks ago I received e-mail from DBS and one more bank (forgot which one), asking me to go online banking to confirm and update the e-mail address, cos they will move to app and e-mail for notifications... i guess it's a matter of time that sms notification will be gone...
Yup . Plus if you don't notice it immediately , the moment we pick up the phone , we can see that there's an SMS that has come in. So we can check it
Oh. I didn't know that. I don't check emails one!
don't think they can phase out very soon though... old folks don't check or don't have e-mail one leh... okie i also don't check often hahaha
yes, that's correct. More and more banks have informed they will be phasing out SMS notification to move towards email and in app notification. SCB is not the only one who have switched over completely. I guess the banks now realized that SMS can be "fake" ..... scammers may just send a fake SMS notification that you have transferred money from Bank A to Bank B (although in actual you did not make the transfer) and in the SMS ask you to click a fake link.
More likely than not, they are switching away from SMS due to cost reasons, and using security as a reason to move away from it. SMSes are slightly less secure than emails, however given the requirement of SenderID, it makes a scam SMS more obvious.
If receiving the transaction information via SMS is a paid service offered by the bank, would you pay for it?
As you mentioned it is an existing payee.Yes it’s already in my payee list… same goes for my hub… can only say very sian… And cost us a few days in the merry go round
I believe it is the govt directive. All banks r moving away from sms.
They just said they wanna check and make sure the transaction is legit
may I know where is your Singpass App? residing together with the banking apps or the other phone?
On my main phone. Not banking app.
The devices that I do most of my banking on do not have Singpass.
would you know why would email be less prone to fraud? Push notification is likely to be safer.
Based on what criteria? Why not u check out the other bank threads and decide for urself?
