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The account also includes safety measures, such as the ability to lock funds and freezeaccounts if necessary. This new offering from OCBC comes after 18 months of research into the needs and behaviors of parents and their children.
Accountfreezes are in fact, one of the main drawbacks of PSPs, as well as processing costs that can become too high if you process high transaction volumes. PSPs tend to unilaterally and spontaneously freezeaccounts because of the nature of their business model.
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