The Bank of Thailand (BOT) has unveiled plans to introduce daily transfer limits on mobile banking transactions in an effort to reduce financial losses caused by rising scam activity.
Daranee Saeju, assistant governor for payment systems and financial consumer protection, said the central bank will cap daily transfers at 50,000 baht per customer, with banks applying individual limits based on previous transaction behaviour.
This move, she explained, aims to stop fraudsters from quickly moving large sums of stolen money before victims realise what has happened, said Nation Thailand.
Daranee Saeju said, “The measures are designed to protect vulnerable groups such as the elderly and children, who are often targeted by scammers. Banks will be required to notify customers about these limits and adjust them to suit individual needs.”
Fraud remains a significant concern in Thailand. In Q2 2025 alone, financial fraud caused losses of 6bn baht. By July 2025, more than 3m accounts had been suspended, with 177,000 linked directly to fraudulent activities. In June 2025, over 24,500 scam cases were reported, leading to losses of 2.8bn baht.
Under the new measures, new customers will face immediate restrictions, while existing account holders will see the rules introduced by the end of 2025. Banks will have some flexibility to adjust limits for customers with long-standing, consistent transaction patterns, while new or irregular accounts may remain subject to stricter controls.
Daranee Saeju added, “We understand that these limits could affect legitimate transactions, but the priority is to protect consumers as scam activity remains at a high level. We will continue refining these measures in cooperation with financial institutions to ensure greater security for all Thai consumers.”
The BOT confirmed it will keep reviewing the effectiveness of these controls and work closely with banks to enhance consumer safety.
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