GXBank will implement a one-hour cooling-off period for increased money transfer limits starting February 12, 2025. The implementation is part of an ongoing effort to ensure safer online banking practices. It is also to prevent fraud and give you time to report any suspicious activity. So, what should you know about it?
For your information, this cooling-off period will be activated immediately if you are found to have increased the daily money transfer limit. During this period, you can still make transactions with the current transfer limit without any problems. You will also be notified via registered email once the period ends. It should be emphasized that this cooling-off period will not apply to the reduction of the daily transfer limit, which means it can be activated immediately.
We have yet to confirm other details on the news. So, we should wait for more confirmation from GXBank. Hopefully, everything will be sorted out soon.
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