Thai central bank to impose daily transfer cap at 50,000 baht to thwart fraud and secure customers
The Bank of Thailand Introduces Daily Transfer Limits to Combat Financial Scams
The Bank of Thailand (BOT) has announced new measures to limit daily money transfers, with a focus on protecting vulnerable groups such as children under 15, elderly over 65, and customers with irregular or limited transaction histories. These measures aim to reduce fraud risks and protect consumers from scams, particularly from call center gangs and cybercriminals.
The 50,000 baht daily transfer limit will not apply universally to all customers. Most users with regular transaction patterns will retain higher or usual limits based on their history, as banks assess individual risk profiles under a new customer profiling system.
Customers are categorized into three segments: suspected fraudsters, general users, and vulnerable customers. Transfer limits vary by segment, with tiers under 50,000 baht (S), under 200,000 baht (M), and above 200,000 baht (L). Banks will notify customers of their limits and dynamically adjust them according to usage patterns and risk.
The measures are being phased in, having already started with new mobile banking applicants, and will apply gradually to existing users by the end of 2025. Customers can request higher limits or emergency exceptions through bank channels such as mobile apps, call centers, or branch visits.
The limit slows criminals’ ability to quickly move large sums stolen via scams, improving chances of fraud detection and fund recovery. It provides specific financial protection for groups at higher risk of being scammed.
The BOT’s broader anti-fraud campaign includes stricter identity checks, real-time alerts, enhanced app security, and tighter controls on suspicious accounts. In June 2025 alone, 24,500 scam cases caused losses of 2.8 billion baht, underlining the urgency of these measures.
These new measures are not expected to be directly related to the expected lower than 2% growth for Thailand due to US tariffs, the Finance Ministry's AMC plan to tackle household debt and NPLs, or the SEC and BOT's crypto sandbox to boost tourism.
As of July 2025, over 3 million accounts had been suspended, with 177,000 accounts linked to fraudulent activities. In Q2 2025, financial losses from fraud amounted to 6 billion baht. Fraudsters will be unable to transfer large sums from accounts at once due to the new limit.
Assistant Governor for Payment Systems and Financial Consumer Protection, Daranee Saeju, made the announcement regarding the new measures. The BOT will continue refining these measures and keep working with financial institutions to ensure the safety and security of Thai consumers.
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