, Singapore
681 views
Photo by Masaaki Komori via Unsplash.

Maybank Singapore rolls out money lock feature

Customers will need to visit branches or use select ATMs to unlock funds.

Maybank Singapore has rolled out the Money Lock feature.

Customers can set aside their desired amount– in local and foreign currencies– from their savings and current accounts via Maybank Singapore’s online banking channels and mobile apps. They may also visit a branch or use select ATMs to lock their funds.

The “locked” funds will continue to accrue interest based on prevailing rates, Maybank Singapore said in a press release.

To unlock funds, customers will need to make in-person withdrawals at Maybank branches and selected ATMs.

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.