Vietnam central bank imposes 24‑hour hold on large online transfers

The State Bank of Vietnam issued circular 6190 requiring a minimum 24‑hour waiting period for online money transfers exceeding 400 million VND. Customers who do not set a personal limit will automatically fall under the default threshold of 400 million VND and the 24‑hour hold.

Banks must allow customers to choose their own transaction limits and waiting times and have to roll out the service by 1 March 2027. The rule applies when the beneficiary has not received an amount equal to or above the chosen limit in the preceding year. The measure aims to give users time to verify transactions and reduce online fraud, especially cases where victims are pressured to act quickly.