Economy
Bank of Thailand Tightens Digital Transfer Limits to Combat Fraud
The Bank of Thailand, in collaboration with banking and e-money associations, is implementing a 10,000-baht daily transfer limit starting September 2026 to curb the use of 'mule accounts.'
According to a report by Thai Post, the Bank of Thailand (BOT) is partnering with the Thai Bankers' Association and e-money operators to introduce stricter measures against illicit 'mule accounts.' Starting in September 2026, the maximum daily limit for digital transfers and payments will be capped at 10,000 baht.
This policy shift is designed to close loopholes that scammers have exploited, particularly those involving the misuse of accounts held by minors. Authorities have identified approximately 185 million baht in damages linked to these fraudulent activities. By lowering the daily transaction threshold, regulators aim to reduce the financial impact of cybercrime and prevent the exploitation of vulnerable account holders.
For residents and travelers in Thailand, this change may affect daily financial management, particularly for those who rely on high-volume digital payments or transfers. Users should prepare for potential adjustments to their banking apps and digital wallets as these new limits take effect. While the primary goal is security, it remains to be confirmed how individual banks will handle exceptions for verified high-value transactions or if specific account types will be exempt from these new caps. Users are encouraged to monitor updates from their respective financial institutions as the September implementation date approaches.
Translated from Thai.
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