Fintech News Singapore

Singaporeans Rejected by Banks Can Still Get Basic Accounts

Singapore’s local banks will offer limited-purpose accounts to most citizens and permanent residents who have been refused regular banking services. The Monetary Authority of Singapore (MAS) outlined the arrangement in a written parliamentary reply. MAS Chairman Gan Kim Yong said banks generally close or reject accounts only after assessing the risk of misuse. Such cases [...] The post Singaporeans Rejected by Banks Can Still Get Basic Accounts appeared first on Fintech Singapore.

By Fintech News Singapore

1 min read
Singaporeans Rejected by Banks Can Still Get Basic Accounts
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