As digital banking becomes increasingly prevalent, safeguarding your savings requires more than just passwords and PINs. To address this, Phillip Bank, the only Singaporean-owned commercial bank in Cambodia, has launched the Savings Vault — a feature designed to provide an additional layer of protection for your funds.
What is the Savings Vault?
The Savings Vault acts as a digital safe for your savings. Once funds are placed into a Savings Vault, they are locked from online and mobile banking withdrawals, ensuring that even if your device is compromised, your money remains secure. To access these funds, customers must visit a Phillip Bank branch for in-person verification.
Key Features
- Digital Channel Protection: Funds are inaccessible via online or mobile banking unless verified in person.
- Device Compromise Protection: Your savings remain secure even if your device is compromised or stolen.
- Competitive Returns: Enjoy attractive interest rates with daily interest calculation and monthly capitalization.
- Total Flexibility: No fixed term; add funds anytime via the Phillip Mobile app.
- Dual Currency Options: Available in both USD and KHR.
- Easy Setup: Activate through the Phillip Mobile app with no paperwork or branch visit required.
About Phillip Bank
Phillip Bank is a member of the PhillipCapital Group, established in 1975 and headquartered in Singapore with a global financial services network across more than 15 countries. Operating in Cambodia since 2009, Phillip Bank is committed to providing innovative and secure banking solutions to individuals and SMEs.
Ready to Try It?
The Savings Vault feature is now available on the Phillip Mobile Banking app. Download or update the app today to experience enhanced security with seamless digital banking. Learn more about Savings Vault: https://www.phillipbank.com.kh/personal-banking/deposit/savings-vault/