Are there any implications if I chose not to verify my bank account? July 29, 2021 16:48 Updated Yes. Withdrawal will be unavailable for users who do not have a verified bank account. Related articles Are there any risks of my bank details being compromised? How do you make sure my information is secure? New Limits to your Xfers Wallet starting from 22nd Jan 2020 under the new Payment Services Act The Xfers login page is now 2FA-enabled for better account security! How to deposit XSGD to Xfers? What are custodial and non-custodial address?