Bank of Thailand Boosts Mobile Security with New Transfer Limits

[Ben Zioner]

33 minutes ago, chiang mai said:

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.

 

 

Not so, because I chose to keep my money in a safe, at home. What's the point of having a bank if I have to travel to a branch every time I need to pass wind?

[Felt 35]

11 hours ago, chiang mai said:

Seriously, the banks implement measures to protect you, your account and your money and some people complain. You can still go into any branch and withdraw funds to your hearts content, without limit. But you can't transfer more than 50k using the app, without invoking the security. Whatever is wrong with that?

First, I don't use mobile banking. Nothing wrong with that banks implement measures to protect us but that can be done without limit a person's mobile bank transfers. Smells a bit like controlling peoples use of their own money.

Felt

 

 

[Marco100]

Welcome to OECD with their CRS n AEOI n KYC n Banks becoming big brothers arm  . Bye 👋🏼 to Bank Privacy . Wait n c what shyt is going to come .... 

[Lorry]

On 1/1/2025 at 3:34 PM, Liverpool Lou said:

...that will not apply to most people but may protect two distinct vulnerable groups.

Including most members of AN

[Lorry]

On 1/1/2025 at 3:59 PM, Ben Zioner said:

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

Yes

[Lorry]

20 hours ago, Paradise Pete said:

 

Is "elderly" defined?

 

In Thailand,  retirement age is 60

[CallumWK]

5 hours ago, Felt 35 said:

First, I don't use mobile banking. Nothing wrong with that banks implement measures to protect us but that can be done without limit a person's mobile bank transfers. Smells a bit like controlling peoples use of their own money.

Felt

 

 

 

Don't waste your time replying to that person who pretend to know everything, but clearly is not old enough to properly read what is written in the OP.

He keeps hammering on the security measures like facial recognition, while the OP clearly says this.

 

The plan introduces a daily transfer cap of 50,000 baht

 

And of course, it all has to do with control. Just look what is happening in Europe and America, where you have little control anymore over your own money, and this is directed by the same crooks

[Lorry]

6 hours ago, Ben Zioner said:

Not so, because I chose to keep my money in a safe, at home. What's the point of having a bank if I have to travel to a branch every time I need to pass wind?

Agreed.

But that doesn't solve the problem that we cannot pay a hospital deposit anymore.

@chiang mai very few farang have a Thai credit card,  for well known reasons. 

If you use a foreign credit card, you have to pay  up to 35% tax on the deposit - even if you later get reimbursed because insurance paid directly to  the hospital. A deposit of 100,000 or 200,000 is not unusual,  in the tourist south 500,000 is not unusual. 

ATMs have  similar limits nowadays. 

(Thais don't have this problem, they all have credit cards,  and younger relatives who will pay the deposit.)

 

BTW I agree with @mokwit

[ukrules]

18 hours ago, chiang mai said:

Seriously, the banks implement measures to protect you, your account and your money and some people complain. You can still go into any branch and withdraw funds to your hearts content, without limit. But you can't transfer more than 50k using the app, without invoking the security. Whatever is wrong with that?

 

Far from it, they banks put these measures in place to protect themselves from losses.

 

Now things might be a little different in Thailand but in most of the sensible world if money is stolen in some unauthorised manner then it's always the bank that pays.

So all these people worried about getting their credit card numbers hacked or bank accounts accessed are worrying about nothing in general - only the banks profit will take a hit and they are well used to losing billions per year to fraud.

[JoePai]

16 hours ago, baansgr said:

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

555 - 70 is the new 60  

[kingstonkid]

14 hours 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.

 

15 hours ago, Sig said:

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.

 

The flaw to your thinking is that you are thinking of North America, Europe mentality.  

 

First, how many Thais that you know can afford just to hand out 1.8mill one-time shots?

 

Second, the banks should be doing this. However, they have been so protected that they do not want to do it.  Again remember you are in Thailand.

 

As to limits for triple bypass or an SUV or buying a house, there are ways around it.  Try taking that much out of your western account and see how fast they stop the payment.  You need to contact them so that they can allow it, know it is you doing it, and know that their reason is legitimate. 

 

Stop thinking of just you and look at the average Thai. The Thai government could care less about you and what you think. They are responsible for protecting Thais, and that is all. I can guarantee that if the upper-class Thai wants to buy a car, they are not worried about doing it with an app. The same thing with hospitals.  

 

This is a measure to protect THAI PEOPLE, not some rich farang that they could care less about.  

 

 

 

 

[chiang mai]

10 minutes ago, kingstonkid said:

 

 

The flaw to your thinking is that you are thinking of North America, Europe mentality.  

 

First, how many Thais that you know can afford just to hand out 1.8mill one-time shots?

 

Second, the banks should be doing this. However, they have been so protected that they do not want to do it.  Again remember you are in Thailand.

 

As to limits for triple bypass or an SUV or buying a house, there are ways around it.  Try taking that much out of your western account and see how fast they stop the payment.  You need to contact them so that they can allow it, know it is you doing it, and know that their reason is legitimate. 

 

Stop thinking of just you and look at the average Thai. The Thai government could care less about you and what you think. They are responsible for protecting Thais, and that is all. I can guarantee that if the upper-class Thai wants to buy a car, they are not worried about doing it with an app. The same thing with hospitals.  

 

This is a measure to protect THAI PEOPLE, not some rich farang that they could care less about.  

 

 

 

 

Harsh, but true.

[Ben Zioner]

13 minutes ago, kingstonkid said:

 

 

The flaw to your thinking is that you are thinking of North America, Europe mentality.  

 

First, how many Thais that you know can afford just to hand out 1.8mill one-time shots?

 

Second, the banks should be doing this. However, they have been so protected that they do not want to do it.  Again remember you are in Thailand.

 

As to limits for triple bypass or an SUV or buying a house, there are ways around it.  Try taking that much out of your western account and see how fast they stop the payment.  You need to contact them so that they can allow it, know it is you doing it, and know that their reason is legitimate. 

 

Stop thinking of just you and look at the average Thai. The Thai government could care less about you and what you think. They are responsible for protecting Thais, and that is all. I can guarantee that if the upper-class Thai wants to buy a car, they are not worried about doing it with an app. The same thing with hospitals.  

 

This is a measure to protect THAI PEOPLE, not some rich farang that they could care less about.  

 

 

 

 

You miss the whole point.

 

Here we have a handful of older people who got some money stolen by some crooks using on-line banking. B.O.T reacts by limiting the e-banking capability of all people over a certain age, irrespective of their actual mental of physical condition. In other words harm all potential victims of some yet uncommitted crimes.

 

To me that's very reminiscent of Islam, who address the rape issue by getting half their population to wear a Hijab.

[Ben Zioner]

21 minutes ago, kingstonkid said:

Try taking that much out of your western account and see how fast they stop the payment.  You need to contact them so that they can allow it, know it is you doing it, and know that their reason is legitimate. 

I transfer 3 Million, once a year from UBS, never any question asked. Got about 100000 stolen on one of my CCs, about 200 transactions through Facebook, got it all refunded in about 15 days. Didn't even need a phone call as everything could be done on line.

 

Real Bank IMHO.

[kingstonkid]

6 minutes ago, Ben Zioner said:

You miss the whole point.

 

Here we have a handful of older people who got some money stolen by some crooks using on-line banking. B.O.T reacts by limiting the e-banking capability of all people over a certain age, irrespective of their actual mental of physical condition. In other words harm all potential victims of some yet uncommitted crimes.

 

To me that's very reminiscent of Islam, who address the rape issue by getting half their population to wear a Hijab.

 

 

 

 

 

What about

 

The government is supposed to do things to protect the people.  Is it a shot gun affect YES.

 

But using your thinking because not all people that drink get into accidents then the governemnt should not have rules and laws against drunk driving.

 

 

ISlam is a lot more than rape it is a belief that the only person that should see the ladies beauty is her family.  

 

You need to study and look at hisotry hijabs and veils have been around for a long time.  They were even a fashion statement

 

 

 

[kingstonkid]

3 minutes ago, Ben Zioner said:

I transfer 3 Million, once a year from UBS, never any question asked. Got about 100000 stolen on one of my CCs, about 200 transactions through Facebook, got it all refunded in about 15 days. Didn't even need a phone call as everything could be done on line.

 

Real Bank IMHO.

iF LIFE IS SO GOOD THEN MAYBE YOU SHOULD GO BACK TOYOUR HOME COUNTRY AND stop whining

[chiang mai]

12 minutes ago, Ben Zioner said:

You miss the whole point.

 

Here we have a handful of older people who got some money stolen by some crooks using on-line banking. B.O.T reacts by limiting the e-banking capability of all people over a certain age, irrespective of their actual mental of physical condition. In other words harm all potential victims of some yet uncommitted crimes.

 

To me that's very reminiscent of Islam, who address the rape issue by getting half their population to wear a Hijab.

Do you have stats on the losses and the ages the people involved. It seems improbable to me that bot would knee jerk for only a handful of victims.

[Ben Zioner]

2 minutes ago, kingstonkid said:

iF LIFE IS SO GOOD THEN MAYBE YOU SHOULD GO BACK TOYOUR HOME COUNTRY AND stop whining

You ought to rethink/rewrite this gem.

[kiwikeith]

On 1/1/2025 at 6:19 PM, topt said:

 

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

And I would have thought wisdom comes with age, I'm in my 70s and can see a scam a mile away sometimes money gets taken from credit cards without you doing a thing, who's fault is that, The Banks security systems are flawed. They have to give the money back to you and they question the hell out of you b4 they do 

[kiwikeith]

On 1/2/2025 at 10:23 AM, Sydebolle said:

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! 

Correct 

[John Drake]

21 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.

 

   

 

Well, I'm not worried about some silly motorbike. I'm worried about going into a hospital, as I did a few years ago, and needing to get kidney stones removed. I pay in cash and only operate in cash. And its cost was a lot more than 50,000 for kidney stone removal. What do I do next time, have them wheel me while I'm in agony to the nearest Bangkok Bank/SCB branch to get the money first???

[TheAppletons]

19 hours ago, Ben Zioner said:

What's the point of having a bank if I have to travel to a branch every time I need to pass wind?

 

  I'm certain the bank employees are happy that you don't go to the bank every time you need to pass wind, facemasks notwithstanding.

[bkk6060]

3 hours ago, John Drake said:

 

Well, I'm not worried about some silly motorbike. I'm worried about going into a hospital, as I did a few years ago, and needing to get kidney stones removed. I pay in cash and only operate in cash. And its cost was a lot more than 50,000 for kidney stone removal. What do I do next time, have them wheel me while I'm in agony to the nearest Bangkok Bank/SCB branch to get the money first???

Maybe it is time to get a credit card.

[chiang mai]

14 hours ago, Lorry said:

Agreed.

But that doesn't solve the problem that we cannot pay a hospital deposit anymore.

@chiang mai very few farang have a Thai credit card,  for well known reasons. 

If you use a foreign credit card, you have to pay  up to 35% tax on the deposit - even if you later get reimbursed because insurance paid directly to  the hospital. A deposit of 100,000 or 200,000 is not unusual,  in the tourist south 500,000 is not unusual. 

ATMs have  similar limits nowadays. 

(Thais don't have this problem, they all have credit cards,  and younger relatives who will pay the deposit.)

 

BTW I agree with @mokwit

"very few farang have a Thai credit card,  for well known reasons". 

 

I don't know how many farangs have Thai credit cards and I doubt forum members know either. I also don't know why they don't obtain one since it's not that difficult, even without tying up a credit limit amount of savings. My bank asked me if I wanted one after ten years with them and no funds are tied up, I'm sure I can't be the only one.

[blaze master]

On 1/1/2025 at 9:34 PM, Liverpool Lou said:

...that will not apply to most people but may protect two distinct vulnerable groups.

 

For now. Until the protection evolves to include all groups. 

[hotandsticky]

On 1/2/2025 at 3:28 PM, CallumWK said:

 

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

 

 

Read the article to avoid asking dumb questions.

[CallumWK]

4 minutes ago, hotandsticky said:

 

 

Read the article to avoid asking dumb questions.

 

Seems you are the dumbest here, since you don't have an answer

[connda]

It's back to cash is king.  They have just made the nonsense about PromptPay and digital banking a moot point by literally shooting themselves in the foot.  So much for the "convenience" of eCommerce when they set limits to what you can pay for electronically.  So, do it the old fashion way.  Hoof it to the bank and withdraw the money and make your purchases in cash.

[Sig]

20 hours ago, kingstonkid said:

 

 

The flaw to your thinking is that you are thinking of North America, Europe mentality.  

 

First, how many Thais that you know can afford just to hand out 1.8mill one-time shots?

 

Second, the banks should be doing this. However, they have been so protected that they do not want to do it.  Again remember you are in Thailand.

 

As to limits for triple bypass or an SUV or buying a house, there are ways around it.  Try taking that much out of your western account and see how fast they stop the payment.  You need to contact them so that they can allow it, know it is you doing it, and know that their reason is legitimate. 

 

Stop thinking of just you and look at the average Thai. The Thai government could care less about you and what you think. They are responsible for protecting Thais, and that is all. I can guarantee that if the upper-class Thai wants to buy a car, they are not worried about doing it with an app. The same thing with hospitals.  

 

This is a measure to protect THAI PEOPLE, not some rich farang that they could care less about.  

 

 

 

 

Not quite sure what a North American mentality could possibly be. I'm an American and I'm guessing that the average American mentality could be fairly different than the other 20+ countries of North America.

Your 1.8 million baht comment is completely irrelevant to my comment, in which I said nothing about that, at all, and isn't something that even fits into what I had mentioned.

I have no worries about what an American bank would do regarding stopping payments because I have no bank accounts in America, nor do I have any other "western account". Again, irrelevant to my point.

I was doing exactly that, thinking about the average Thai, although that doesn't really have any bearing on my thoughts that it would be good to have such limits automatically placed on a minor's account. I don't think it is particularly relevant to my thoughts regarding freedom from governmental control over assets of adults either. How banks conduct their business in this matter should be something the government should keep their nose out of IMO. Banks are perfectly capable of dealing with it by themselves, or they go out of business or lose their clients. None of the governments business. Of course, that is debatable and if one supports a model more toward the ends of fascism or communism, then that would be rejected outright. Sure, go ahead and attribute that to "western thought". But I think so with the thought of the best for the average Thai in mind.

[kingstonkid]

23 hours ago, John Drake said:

 

Well, I'm not worried about some silly motorbike. I'm worried about going into a hospital, as I did a few years ago, and needing to get kidney stones removed. I pay in cash and only operate in cash. And its cost was a lot more than 50,000 for kidney stone removal. What do I do next time, have them wheel me while I'm in agony to the nearest Bangkok Bank/SCB branch to get the money first???

YOu my friend are like me  One of the last cash is King members LOL

 

The process they are talking about here is digital it is doing the money transfer over the phone. 

 

ATM's wil still operate the same.  Hospitals willknow the procedure and you can be rest assured that they will know how to breakit up if need be.  I went infor surgery on my back 300K and had to pay up front and get reimbursed by Government in 2011 they understood the limits and after i contected the CDN bank they just withdrew the money i packages.

 

Also I think that if you are transfering money to BNH Yanhee or a known hospital there will be ways around it.

 

Again this is to protect the Thai people that need protection from big brother because they lack the brains.  So that they are not all filing crinimal charges and taking banks and  government to court.