Maximum CPF daily withdrawal limit to be lowered from $200k to $50k

[FireOpal]

For example, if one has a $180,000 withdrawable balance and intends to withdraw all of it, he can do so by withdrawing $50,000 daily for three consecutive days and $30,000 on the fourth day.

This would prevent that person from losing $180,000 in one day, if he were to get scammed.

https://www.straitstimes.com/singapore/maximum-cpf-daily-withdrawal-limit-to-be-lowered-from-200k-to-50k-as-anti-scam-measure


Scam 😂 Admitting the CPF system cannot protect our money. 

[FireOpal]

CPFB did not provide the exact sum, which based on the figures provided, would amount to at least $2.5 million lost to scams.


$2.5m lost to scams and they force this new law now 😂

[Tuna seng]

Day 1 scam by ktv gf day 2 scam by massage gf last day scam by spa gf. Still same ma wtf

[jim889]

dun let chiu withdraw means they no nee to pay chiu so soon loh

wait till chiu died