Lock Money From Scammers? Beware of This Catch!

DBS, UOB and OCBC have introduced new accounts/measures allowing funds to be locked from scammers/hackers.

Are DBS digiVault, UOB LockAway and OCBC Money Lock any good? Let’s find out!

Check out video sponsor Tiger Brokers’ generous deal:

Tiger Brokers

Until 11.59PM 5th September 2024

ItemActionReward
1Apply for a Tiger Brokers Account and fill up SingSaver form (use your Tiger Broker account ID for application reference number)SingSaver: ⚠️ No form no reward!

Tiger Brokers: 6.8% p.a. Interest-Boost Voucher for 60 Days (for amounts between S$1,000 to S$100,000)
2First deposit of at least US$1,000SingSaver: S$100 Cash Via PayNow or Xiaomi Robot Vacuum E10 EU retailing S$249 or Apple HomePods Mini retailing S$140.25 or S$150 Vouchers
3aFirst deposit and cumulative net deposit 
≥ SGD 1,000 during the promotion period
Tiger Brokers: Receive 2 × US$5 Vouchers = US$10
3bFirst deposit and cumulative net deposit 
≥ SGD 10,000 during the promotion period
Tiger Brokers: Receive 7 × US$5 Vouchers = US$35
3cFirst deposit and cumulative net deposit 
≥ SGD 100,000 during the promotion period
Tiger Brokers: Receive 20 × US$5 Vouchers = US$100
1. SingSaver promo: Tap here for terms and conditions
2. Tiger Brokers promo: Tap here for terms and conditions

Last updated 11th August 2024

Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.

He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.

Subscribe to the channel for free updates!

Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Thank you for supporting my site!

Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opinion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).

Leave a Reply