facebook🚨 Scam Prevention in Singapore: How to Protect Your Money in 2025 #am05sg - Seedly

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🚨 Scam Prevention in Singapore: How to Protect Your Money in 2025 #am05sg

New scam laws in Singapore—how to safeguard your bank account & avoid falling victim in 2025! 🚨🔒

Asian Amos

Edited 12d ago

Business Associate at Investment Networking Club

Scams have been rising for the past 2-3 years so I decided to write something about this!

📌 Why It Matters

Scams are evolving, and while Singapore's new law allows police to freeze scam victims' accounts faster, recovering lost money is still not guaranteed.

Source: giphy

📌 Personal Experience: In 2021, I fell victim to a scam.

After four years, the police contacted me, and I recovered a small amount.

The wait was long, and while it was a relief, it’s proof that once money is lost, it’s rarely recovered in full.

Never assume you’ll get your money back! 😔

🔍 5 Practical Ways to Protect Yourself:

1️⃣ Enable Transaction Alerts 📲

Get instant notifications for every bank and credit card transaction.

2️⃣ Use a Dedicated Account for Transfers 🏦

Keep your main savings separate from high-risk transactions.

Source: giphy

3️⃣ Verify Calls & Messages 📞 – Scammers can fake phone numbers!

Always call back through official hotlines.

📌 Case Study: A "DBS officer" called a friend about a "suspicious transaction." The number looked real, but it was a scam.

They almost lost $5,000!

4️⃣ Activate Banking Security Features 🔑

✅Set withdrawal limits

✅Enable biometrics & digital locks.

5️⃣ Stay Updated on Scam Tactics 📰

Follow ScamAlert.sg and bank advisories.

Source: giphy

💡 Vigilance is Key!

New laws help, but being cautious is still your best defense.

✔️ Double-check before making transactions ✔️ Never rush into urgent requests ✔️ If in doubt, pause and verify! 🛑

🚀 Stay sharp, stay safe! 🚀

Image: Seedly Writer Amos

Here’s to sharing stories that matter and the people we meet along the way. Cheers! 🥂

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ABOUT ME

Asian Amos

Edited 12d ago

Business Associate at Investment Networking Club

Juz a local Gen Z with an inquistive mind. A lifestyle writer from💲finance🏦to anything else

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