The Bank of Thailand has moved to reassure the public following confusion over a reported 50,000-baht daily transfer limit.

In a statement, the central bank clarified that the cap will not apply to all customers, but only to specific vulnerable groups.

These include children, individuals aged 65 and older, and customers with little to no transaction history or who rarely transfer funds.

Most bank users will not be affected and can continue transferring money in line with their usual patterns.

Customers in categories with limited or irregular histories may request higher limits from their banks, while larger transfers can also be conducted at bank counters.

This clarification comes alongside broader anti-fraud measures introduced by the regulator.

This includes stricter identity checks, enhanced due diligence for high-risk accounts, real-time transaction alerts, stronger mobile app security, tighter controls on mule accounts, and emergency support for victims of online scams.

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