Yes, it is safe to use CardUp for your tax payments. Here's why:
- Funds processed via CardUp are held in trust on behalf of our customers and do not belong to CardUp. This means that your funds are securely managed and protected.
- We maintain a trust account with a local Singapore bank to ensure the security of your funds.
- Additionally, funds processed through CardUp are never retained for more than 24 hours. They are sent to the recipient on the same day that they arrive, further enhancing the security and efficiency of the transaction.
Rest assured that your tax payments made through CardUp are handled with the utmost care and security measures in place. If you have any further questions or concerns about the safety of using CardUp for your taxes, please feel free to contact us for clarification.