Starting at the end of June 2024, CIMB will introduce several security features in their banking application. In addition to announcing the introduction of a cooling-off period when changing transaction limits on the CIMB OCTO application or on the CIMB Clicks website, CIMB is now also informing users regarding the use of SecureTAC approval for all fund transfers.
This will also require users to complete SecureTAC approval for all fund transfers, including JomPAY transactions, bill payments, top-ups, transfers to own accounts, and also for transactions on favourite accounts. Additionally, for all new accounts registered, the default transaction limit set is RM5,000 and needs to be changed on the settings page.
This change is expected to be introduced at the end of June 2024. We have yet to confirm other details on the subject. Hopefully, everything will progress smoothly. After all, Malaysians deserve a hassle-free banking experience.
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