Changes to Transfer of Funds to Poems (Anti-Fraud Safeguard)

From 15 October 2025, banks in Singapore will introduce a new anti-fraud safeguard as part of nationwide efforts to strengthen scam protection. 

Under this measure, banks may hold or reject digital transfers from accounts with balances of S$50,000 and above if total withdrawals within 24 hours exceed 50% of the account balance. Transactions that trigger this threshold may be placed on a 24-hour hold for verification.

The impact will be on FAST and PayNow Transfer.

As a result, investors may experience delays in transferring funds, even for legitimate purposes such as investments, trade settlements, or margin calls. 

To prevent any delays of transfer, Investors still can opt to transfer unlimited amounts using Electronic Payment of Shares(EPS). Investors need to check if their EPS Bank is the right one that is linked to their Poems Account to prevent any delays.

The other way is that investors can prepare themselves early by prefunding their accounts and park their funds inside Poems Money Market.