US EditionThailand’s central bank caps most online transfers at $1,500 daily to thwart scams
The Bank of Thailand enforces a 50,000 baht daily limit on mobile transfers for vulnerable users, aiming to reduce fraud losses which averaged 114,000 baht per scam in June.
- The Bank of Thailand announced on August 8, 2025, a daily 50,000 baht cap on many online transfers to combat financial fraud.
- This measure responds to rising scam cases, including 24,500 incidents in June causing 2.8 billion baht in losses.
- The daily limit depends on customer risk profiles from banks' know-your-customer assessments and aims especially to protect vulnerable groups like children and seniors.
- Assistant Governor Daranee Saeju explained the limit helps freeze illicit funds and raise victims' recovery chances while enforcing five key principles in BoT’s new framework.
- The rule will be implemented progressively to include all users of mobile and online banking services by the end of the year, enhancing protections against rapid illicit fund transfers by cybercriminals.
15 Articles
15 Articles
Thailand Enforces Daily Transfer Limit to Tackle Online Fraud
Thailand implements a daily limit on online bank transfers, aiming to combat financial fraud affecting vulnerable groups such as children and the elderly. The new regulation by the Bank of Thailand seeks to curb the tide of online scams plaguing Southeast Asia, particularly benefiting those at risk.
Thailand’s central bank caps most online transfers at $1,500 daily to thwart scams
Thailand's central bank has announced that the country's commercial banks are now required to set a daily limit of 50,000 baht ($1,537) per day on many online transfers to lessen...
Associated Press News
Thailand's central bank caps most online transfers at $1,500 daily to thwart scams
Thailand's central bank has announced that the country's commercial banks are now required to set a daily limit of 50,000 baht ($1,537) per day on many online transfers to lessen financial fraud, particularly those involving customers judged vulnerable such as children and the elderly.
Bank of Thailand to Cap Daily Digital Transfers at 50,000 Baht to Tackle Online Fraud - Fintech Singapore
The Bank of Thailand (BoT) will require banks to cap daily digital transfers at 50,000 baht for individual customers as part of new anti-fraud measures. The cap, tailored to each customer’s transaction profile, is meant to slow criminals from moving stolen funds and reduce losses, especially for children and the elderly. The decree also makes financial institutions, e-payment operators, digital asset firms, telecom providers and social media pla…
BoT caps daily transfers at 50,000 baht, protects tourists and expats from online scams
PATTAYA, Thailand – The Bank of Thailand (BoT) has introduced stricter measures to protect customers from rising digital financial fraud, including scams targeting mobile banking users. Under the new regulations, daily transfer and payment limits for individual customers will be capped at 50,000 baht, helping to prevent cybercriminals from draining accounts in a single transaction. […]
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