Alex Cheong Pui Yin
Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.
Hong Leong Introduces RM150 Monthly Limit For E-Wallet Transfers Via HLB Connect
Alex Cheong Pui Yin
24th November 2022 - 1 min read
Hong Leong Bank (HLB) has notified customers that it will be introducing a monthly limit for money transfers made from current or savings accounts to e-wallets via its HLB Connect service. Set to take effect starting from December 2022, the limit will be fixed at RM150 per month.
In its notice, HLB said that the following e-wallets will be involved in the implementation of this new cap, namely:
- BigPay
- Boost
- Finexus (Kayaaku Wallet)
- GrabPay
- Razer
- ShopeePay
- Touch ‘n Go (TNG) eWallet
Aside from that, HLB stated that this latest move is part of its enhanced security measures in a bid to combat scams and financial fraud. With the cap implemented, scammers will be prevented from transferring more than RM150 from your current or savings account in the unfortunate event that they manage to get hold of your account.
Aside from the new transfer limit for e-wallets, HLB Connect users are also bound by other existing transaction limits, including DuitNow/GIRO transfers to other bank accounts and transfers to third-party HLB accounts. You can find out more in HLB Connect’s FAQ here.
(Source: Hong Leong Bank)
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Alex Cheong Pui Yin
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Comments (2)
RM150/month is absurd. Time to switch bank
Fave is not available for top up btw.