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Bank of Thailand Implements New Transfer Limits for Youth
The Bank of Thailand is introducing stricter transaction limits for young users to combat the rise of mule accounts and nominee schemes.
According to a report by Thai Post on July 31, 2026, the Bank of Thailand has announced a significant update to its financial regulations aimed at curbing the proliferation of 'mule accounts' and nominee-based financial fraud. The central bank is implementing a new policy that restricts the amount of money young users can transfer or pay in a single transaction, capping it at 10,000 baht.
This measure is designed to prevent minors and young adults from being exploited by criminal networks that use their accounts to facilitate illicit financial activities. For residents and expatriates in Thailand, this change may impact how families manage allowances or digital payments for younger members. It is important to note that while the objective is to enhance security, the specific implementation timeline and the exact age threshold for these restrictions remain subject to further clarification from individual financial institutions.
Travelers and residents should monitor their banking apps or consult with their local bank branches to understand how these new limits might affect their specific accounts. As the situation develops, further details regarding the enforcement of these caps and potential exceptions for verified accounts are expected to be released by the central bank.
Translated from Thai.
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