Why is there a 12-hour cooling period?
The 12-hour cooling period is a safeguard that provides members sufficient time to take action to prevent any unauthorised adjustments to the CPF online Daily Withdrawal Limit, or changes to important personal information and bank account details from taking effect. The 12-hour duration is aligned with industry practice.
To minimise any delays when making withdrawals, we advise you to plan ahead and regularly ensure that your bank account and contact details are updated with the Board.
This information is sourced from CPF
Related questions
What type of CPF withdrawals does the online Daily Withdrawal Limit apply to and how do I change the online Daily Withdrawal Limit?
What should I do if I need to withdraw more than the online Daily Withdrawal Limit of $2,000?
How long does it take to activate my bank account details?
How do I deactivate the CPF Withdrawal Lock?
Need more help?
Get in touch