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BIDV has tightened the instant transfer limit to 499,999,999 đồng per transaction. Under the updated rule, transfers valued at 500 million đồng or more must be split into smaller transfers to be processed instantly.
BIDV said that, to comply with the latest regulations issued by the State Bank of Vietnam, all transfers within the bank’s system are now capped at 499,999,999 đồng per transaction for instant processing.
For convenience, BIDV advised customers that transfers above 500 million đồng can be divided into multiple transfers below 500 million đồng so they can be completed instantly.
Along with BIDV, other banks including Vietcombank, Eximbank, Agribank, VietinBank, and Sacombank have implemented the Napas 24/7 fast-transfer rule for amounts starting at 500 million đồng.
Previously, to support customers, banks used an automatic “split/merge order” feature that allowed large transfers to be processed instantly through the 24/7 fast-transfer system.
Under the new rule, this feature has been discontinued. As a result, if a customer initiates a transfer of 500 million đồng or more, the system will route the payment through the regular channel. Funds may therefore arrive after a few hours, or even the next business day if the transaction is initiated at end of day, on weekends, or during holidays.
The State Bank said that splitting a large-value payment into multiple transfers while authenticating biometrics only once does not ensure compliance and creates fraud risk. It noted that criminals could carry out multiple transactions after a single biometric confirmation without rechecking information.
From the perspective of commercial banks, demand for large-value transfers remains high, particularly for 1–2 billion đồng transactions among high-net-worth individuals. Stopping automatic splitting could therefore be inconvenient for some customers.
Some experts suggested upgrading technology to meet the rule while preserving convenience. One proposal is for the system to automatically split transfers above 500 million đồng, but require separate biometric authentication for each transfer with customer consent. The aim would be to reduce customer hassle while maintaining safety and anti-fraud controls in electronic payments.
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