Bank of Thailand Boosts Mobile Security with New Transfer Limits

[Galong]

Defining financial irresponsibility by age is just lazy and ineffective. Children under the age of 15 are the responsibility of their parents. Their parents are responsible for careless spending. Go after the parents. 

The elderly who have their act together (retired, saved money instead of wasting it, etc) should not be lumped in with the elderly who lack the intellect t manage their own money. 

This whole scheme, as usual, lacks any nuance.  Lazy lumping together is not particular to Thailand, but we're here, so it matters here. 

[Sydebolle]

Another pristine proof of how education failed completely - and that's in 2025. If a customer is too mentally challenged - to put it mildly - then you might have to educate them, what it actually means to use electronic transfer of money. 

Scams can be followed; if Grannie transferred the family silver to this ever-so-nice-person, then it is done through electronic means and Grannie has the recipient's bank coordinates (or Grannie's bank). Based on that the police should be able to breathe down the bank's neck (where Grannie has her money); they know exactly, whereto the funds went, carry on with the work and get the beneficiary's full details, which are on file with ID card, house register, passport or whatever legal paperwork. It is really not rocket science. 

Put these scammers on a face-losing TV programme daily "Today's crooks are ....." with photos, videos and the full details. 

Everything else is addressing the symptoms (if at all) without releasing the society of all this slime and corrupted law enforcement! 

[Unamerican]

3 hours ago, nickmondo said:

countries where the exchange rate is better.

What does this mean???  

Can you give examples of countries with a “better” exchange rate, and explain in detail how it is in any way “better”.

Surely, it is only the relative ‘cost of living’ in these countries that matters? 

[redwood1]

33 minutes ago, khunjeff said:

 

Not in one fell swoop, no, but we regularly see stories in the media about people whose accounts are emptied by the scammers in a dozen consecutive 49k transfers, and the banks apparently don't recognize that as suspicious. 

 

 

The problem is that so many victims absolutely believe that they know better, and will continue to transfer money even after the bank has explained to them that they're being scammed. And people complain about government restrictions, but after they've been scammed will demand to know "why didn't the government do anything to protect me?" So there are no easy answers.

 

Face the facts.....People love to scammed.....Romance scams, half price gold scams, Dodgy Real estate scams, etc   No matter how many times they have heard of others getting scammed....People are eager to get in on a new get rich quick fly by night scam.....And no limiting transfers will stop them..

[black tabby12345]

16 hours ago, topt said:

 

Who of course regularly transfer amounts in excess of 50k............

 

Their assumption itself looks so unrealistic.

[Unamerican]

50 minutes ago, kingstonkid said:

This may seem harsh but do you allow kids to play with guns setting their own limits

Simple: most countries (real countries, not MAGA-like) do not allow any person to “play with guns”!! 

[Sheryl]

12 hours ago, Ben Zioner said:

The elderly? So if I can't pay Bumrungrad a day before the operation I die?

Yes, the restriction on the "elderly" (which knowing Thailand will be anyone over 60/65) is worrisome for expats.

 

They should have some sort of opt-out provision, or some way to authorize with additional (online) steps.

[Upnotover]

3 hours ago, Card said:

I have same problem with my monthly pension transfers from the UK. I have to do it in 2 lots now!

Be thankful you have such a huge pension.  But presumably the issue is your choice of receiving bank imposing some restriction?  I will send over 200k today and expect it to land in 10 seconds or thereabouts.

[suzannegoh]

1 hour ago, PJUK88 said:

And as already pointed out how do you pay a hospital in the case of an emergency?

Foreign credit card.

[Ben Zioner]

27 minutes ago, Sheryl said:

Yes, the restriction on the "elderly" (which knowing Thailand will be anyone over 60/65) is worrisome for expats.

 

They should have some sort of opt-out provision, or some way to authorize with additional (online) steps.

And if we made the payment out of our Swiss bank we'd become liable to pay Income tax on the transfer.. Maybe that's the plot. 

 

All pretty disgusting isn't?

[chiang mai]

5 minutes ago, suzannegoh said:

Foreign credit card.

Or Thai credit card

[CallumWK]

20 minutes ago, suzannegoh said:

Foreign credit card.

 

Not everyone ha a credit card, and the way things are going lately in the west, foreigners living permanently in Thailand soon may even be lucky to have a foreign bank account.

[ChaiyaTH]

3 hours ago, chiang mai said:

My story has it the other way around, it was BBL that wouldn't let me pay the 170k bill.

Yeah because it is an extra ordinary amount that is locked unless you change the default security setting. So you did not allow yourself to pay the bill and now play the idiot blame game.

 

If that same card had been stolen and someone took out 170K in one go transfer, you would have cried the other way around.

[Aussie999]

17 hours ago, CallumWK said:

More control mechanisms about how you spend YOUR money

Which age group do you fall into

[chiang mai]

12 minutes ago, Aussie999 said:

Which age group do you fall into

Not yet old enough to open an account, judging from his posts.

[sgtsabai]

I'm 79, still able to drag race my 2022 Mustang GT, pay my bills, shop, go visit the bars and ladies, and think for myself. I did NOT vote for the fascist trump. As the old saying goes, "I may be crazy but my mama didn't raise no fool". I don't need anybody telling me what I can or cannot spend period. I disagree completely with facial ID, doesn't always work, and I never use my phone for a money transaction, never. Thankfully I have not run into a problem where I need to pay a bill so large that BKK Bank says no. I am in some ways old fashioned, I grew up in a country that still believed in privacy. No longer true anywhere. If there comes a time when my brain is starting to malfunction I'll just check out. My account does have limits, I set them where I needed them and can change them if needed. Now if I can just remember why I needed to go the the bank, oh yea, renew my debit card...lol. 

 

[Peterphuket]

3 hours ago, patman30 said:

Those of us from the west should know where this is heading

Yes indeed, it does not bode well.
Controlle on the controlle presumably all at the behest of Klaus Schwab....the name alone.

[John Drake]

The elderly are the most likely to go to hospitals, physicians, and pharmacies, where amounts quickly go over 50,000. Sorry, can't stop the bleeding because your daily transfer limit would exceed 50,000??????

[Scott Tracy]

7 hours ago, Card said:

I have same problem with my monthly pension transfers from the UK. I have to do it in 2 lots now!

The law of unintended consequences. Or more to the point, no joined up thinking...

[kingstonkid]

45 minutes ago, John Drake said:

The elderly are the most likely to go to hospitals, physicians, and pharmacies, where amounts quickly go over 50,000. Sorry, can't stop the bleeding because your daily transfer limit would exceed 50,000??????

 

Hate to burst your bubble but most Thais donot go to BNH Yanhee or other top hopsitals.  Most use the government ones.

 

Also, there are very few that have the ability to withdraw 50k a day.

 

Again, the challenge is simple: you have people who have grown up in the old non-techie world who suddenly have been told by their family and the media that they need to do banking online and are trained to follow what any authority figure says.

 

They need protection.  This is the simplest way to do it.

 

When you, Mr. Rich Farang, want to buy your motorbike with digital fine, I bet if you go talk to the person at the bank, they will help you. 

 

But remember the other part of this bill is that they are going to hold banks more responsible and therefore expect restrictions.

 

   

[CallumWK]

1 hour ago, chiang mai said:

Not yet old enough to open an account, judging from his posts.

 

At least I'm not an ex bank janitor pretending to be a financial expert who likes to hear his own voice

[hotandsticky]

19 hours ago, CallumWK said:

More control mechanisms about how you spend YOUR money

 

Not in favour of security then?

[CallumWK]

2 minutes ago, hotandsticky said:

 

Not in favour of security then?

 

What has limiting how much I can transfer has to do with security?

[Peterphuket]

2 minutes ago, CallumWK said:

 

What has limiting how much I can transfer has to do with security?

Indeed, if it must be blocked at 50k if necessary, why not at 40, or 10K.

Controlle on behalf of the WEF.

[baansgr]

8 hours ago, JoePai said:

You're fine at only 67, calm down - still a young 'un

I think 60 is classified as OAP in Thailand, I feel privileged I made it and to hold that title

[Sig]

6 hours ago, kingstonkid said:

This may seem harsh but do you allow kids to play with guns setting their own limits

 

Most Thai people especially older have no idea about mobile apps except what their kids tell them.

 

They are so used to being told what to they do so willingly and treating everything as gospel 

 

This ruke protects them from themselves 

I could agree with automatic limits set for children, but not for adults. And the limits should not be imposed by the government, but by the banks. Keep the government out of places they don't belong. If the banks are too stupid to put protections in place like this, then they deserve the losses. And if adults refuse to apply some sort of protective measures that the bank offers, the account holder should be held responsible, just like if you don't have insurance on your car. If you are at fault, you pay. If you are not at fault, the other party pays.

[digger70]

Bank of Thailand Boosts Mobile Security with New Transfer Limits

  

No problem I don't do Mobile Banking .🙏 They're Not Safe.

[Ben Zioner]

3 hours ago, kingstonkid said:

 

Hate to burst your bubble but most Thais donot go to BNH Yanhee or other top hopsitals.  Most use the government ones.

 

Also, there are very few that have the ability to withdraw 50k a day.

 

Again, the challenge is simple: you have people who have grown up in the old non-techie world who suddenly have been told by their family and the media that they need to do banking online and are trained to follow what any authority figure says.

 

They need protection.  This is the simplest way to do it.

 

When you, Mr. Rich Farang, want to buy your motorbike with digital fine, I bet if you go talk to the person at the bank, they will help you. 

 

But remember the other part of this bill is that they are going to hold banks more responsible and therefore expect restrictions.

 

   

So sure, let's say I am 78, and I want to buy a new CRV, so I take 1.8 M in 1000 Baht bills from my safe and ride the BTS at to my Honda dealer. Surely a lot safer than doing a transfer from my Iphone or Macbook. Not to mention that the CRV could be a triple bypass.

 

What a bunch of utter idiots.

[chiang mai]

4 minutes ago, Ben Zioner said:

So sure, let's say I am 78, and I want to buy a new CRV, so I take 1.8 M in 1000 Baht bills from my safe and ride the BTS at to my Honda dealer. Surely a lot safer than doing a transfer from my Iphone or Macbook. Not to mention that the CRV could be a triple bypass.

 

What a bunch of utter idiots.

Or, you could go into a branch with your passbook (remember them) and get a cashier cheque for 1.8 mill and there would be zero risk.

 

 

[worgeordie]

People moving huge amounts of black money about seem to have few problems,

but the man in the street ends up with all restrictions what he can do with his Baht.

 

regards worgeordie