MAS to increase insurance coverage on bank deposits to S$100,000 per customer from Ap

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MAS to increase insurance coverage on bank deposits to S$100,000 per customer from Ap

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22-09-2023, 01:10 PM

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MAS to increase insurance coverage on bank deposits to S$100,000 per customer from Ap

An honorable member of the Coffee Shop Has Just Posted the Following:

MAS to increase insurance coverage on bank deposits to S$100,000 per customer from April 2024

https://www.channelnewsasia.com/sin...it-insurance-scheme-100000-april-2024-3790666

SINGAPORE: Insurance coverage on bank deposits will be raised from SS$75,000 (US$54,900) to S$100,000 per customer from Apr 1, 2024, the Monetary Authority of Singapore said on Friday (Sep 22). Foreign currencies excluded.

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