Can I initiate any online banking transactions immediately after changing my password using the self-serve channels?

Written By Isabelle Lumibao (Administrator)

Updated at April 15th, 2024

  • For successful "Forgot Password" action using SMS OTP as the authentication method, there will be a 4-hour cooldown before you will be allowed to perform transactions that require step-up authentication (SMS OTP, push notification approval or soft token).
  • For successful "Forgot Password" via soft token authentication, no cooldown shall be applied.
  • Cooldown is also not required when you use the “Change Password” feature. To do this, please follow the steps below:
  1. Log in to your app. From your account dashboard, tap on "Settings".
  2. Select "Change Password".
  3. Fill out the required fields.
  4. Tap on "Save" and authenticate using your FaceID/biometrics or your Transaction PIN .

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