Business
BOT Caps Youth Transfers After Surge in Mule Accounts
The Bank of Thailand (BOT) has introduced new daily transfer limits for accounts held by children and teenagers following a sharp rise in youth mule accounts linked to online fraud. Reported cases jumped 70% between early 2025 and early 2026, with losses exceeding 185 million baht.
Under the new rules, digital transfers for minors will be capped at 3,000 baht per day for ages 10–12, 5,000 baht for ages 12–15, and 10,000 baht for ages 15–18. Low‑risk transactions, such as transfers between a user’s own accounts, are exempt. BOT says more than 97% of young users will not be affected.
Banks must implement the measures by September 2026, while e‑money providers have until October 2026. Parents and young customers may request higher limits if needed.
The move is part of Thailand’s broader effort to curb financial crime and prevent minors from being exploited by criminal networks.
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