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A DBS spokesman has told Stomp that a message regarding fast-approval loans did not originate from them or POSB.
Stomper Grace shared a screenshot of the message she received at 10.01am on Sunday (Jan 5).
She told Stomp: "New scam, using POSB name!"
Responding to a Stomp query, a DBS spokesperson said: "We would like to remind our customers to always be vigilant and never give out their personal security information, enter sensitive information into unknown websites, click on URL links originating from unknown sources, or reply to unsolicited SMSes, e-mails or calls.
"Please note that DBS/POSB will never request for our customers to download software, disclose their Internet Banking access credentials (such as username or password, OTP, Digital Token approval), or to conduct any fund transfers.
"Our customers can call us at 1800 111 1111 (24-hour hotline) if they notice suspicious or unusual activity in their accounts.
"Scammers are actively targeting bank customers in Singapore via automated calls, voice calls and SMSes, phishing for bank account and personal information that could lead to loss of money.
"To raise awareness, DBS has created a short video clip detailing the recent scam tactics and what customers should be aware of.
"Customers can scan this QR code with their mobile phones, which will take them straight to WhatsApp where they can share the video with their chosen recipients."