Economy
Proposed 6-Hour Hold on Large Transfers to Combat Scams
Thai politician Chaiwut Thanakamanusorn has proposed that the Bank of Thailand implement a mandatory six-hour delay for digital transfers exceeding 50,000 baht to prevent fraud.
According to a report by Matichon Online on August 28, 2026, Chaiwut Thanakamanusorn has formally proposed a new security measure to the Bank of Thailand (BOT) aimed at curbing the rising threat of digital financial scams. The proposal suggests that any digital money transfer exceeding 50,000 baht should be held for a mandatory six-hour verification period before the funds are released to the recipient.
For residents and travelers in Thailand, this proposal is significant as it directly impacts the speed of large-scale financial transactions. If implemented, individuals moving significant amounts of money—such as for rent, property deposits, or large purchases—would need to account for this delay in their financial planning. The measure is intended to provide a window for authorities or victims to flag suspicious activity and potentially freeze fraudulent transactions before they are finalized.
It is important to note that this is currently a proposal put forward by a politician and has not been enacted as official policy by the Bank of Thailand. Whether the central bank will adopt this measure, or if it will be modified to accommodate different types of accounts or transaction verification methods, remains to be confirmed. Stakeholders should monitor official announcements from the Bank of Thailand for any updates regarding changes to digital transfer regulations.