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Why is the Trusted Contact notified when the appointer makes a withdrawal transaction?
Scammers may deceive victims into withdrawing their CPF savings or attempt to withdraw victims’ CPF savings if they obtain unauthorised access to the victims’ CPF accounts. Therefore, it is crucial for Trusted Contacts to be alerted when such a transaction is made.
Learn more about scammers’ latest tactics, and tips to help your loved ones safeguard themselves against scams.
Learn more about scammers’ latest tactics, and tips to help your loved ones safeguard themselves against scams.
This information is sourced from CPF.
Related questions
What is my role as a Trusted Contact?
As a Trusted Contact, what should I do upon receiving notifications regarding transactions on my appointer’s CPF account?
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Why is the Trusted Contact notified when the appointer updates their bank account, contact details or daily withdrawal limit?
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Can CPF Board notify Trusted Contacts about other types of transactions made by their appointers?
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