Business

Banks stop processing instant 24/7 transfers for transactions about 500 million VND

All transfers exceeding the threshold of 500 million VND will be automatically routed through regular clearing. Transactions initiated after 3.55pm will be processed on the next working day.

A customer has transactions via VCB Digibank App. Banks are stopping processing instant 24/7 transfers for transactions about 500 million VND (Photo: VNA)
A customer has transactions via VCB Digibank App. Banks are stopping processing instant 24/7 transfers for transactions about 500 million VND (Photo: VNA)

Hanoi (VNS/VNA) — Vietnam Maritime Commercial Joint Stock Bank (MSB) said it stops processing instant 24/7 transfers for transactions above 500 million VND (20,000 USD) from May 1, shifting such payments to standard processing that take at least four hours or until the next working day.

Specifically, all transfers exceeding the threshold will be automatically routed through regular clearing, the bank said in a statement. Transactions initiated after 3.55pm will be processed on the next working day.

MSB said the move aligns with regulations from the State Bank of Vietnam on payment services and is aimed at strengthening system safety.

Previously, banks could split large-value instant transfers into smaller transactions below 500 million VND to ensure immediate processing via the national switching system operated by National Payment Corporation of Vietnam.

Other banks, including Eximbank Vietnam, TPBank and VPBank, have also announced similar measures.

The changes follow an amended circular on intermediary payment services, effective November 2025, which caps transactions processed through the central bank’s electronic clearing system at 500 million VND. Transactions exceeding this limit must be handled through standard channels, with longer processing times./.

VNA
#MSB #instant 24/7 transfers #State Bank of Vietnam #payment services
Follow VietnamPlus

Digital transformation

Related News

See more

The meeting between General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam and Chairman and Chief Executive Officer of Hayleys PLC Mohan Pandithage in Colombo on May 8 (Photo: VNA)

Vietnamese leader hopes for stronger ties with Sri Lanka's Hayleys PLC

General Secretary and President To Lam said that given the complementarity of the two economies and their substantial room for growth, Vietnam wishes to enhance cooperation with major Sri Lankan enterprises, especially those with regional market networks and connectivity capabilities such as Hayleys.

The export of 1.1 million doses of vaccine lumpy skin disease (LSD) to the Republic of Korea marks an important milestone for Vietnam’s veterinary vaccine industry. (Photo: nongnghiepmoitruong.vn)

Vietnamese-made LSD vaccine enters demanding RoK market

The successful research and commercialisation of the LSD vaccine, which has been widely used in the domestic market and is gradually expanding internationally, helps affirm the position of Vietnamese veterinary vaccines globally.

General Secretary of the Communist Party of Vietnam (CPV) Central Committee and State President To Lam addresses the Vietnam – Sri Lanka Trade-Investment-Tourism Cooperation Forum in Colombo on May 8. (Photo: VNA)

Top leader urges stronger Vietnam-Sri Lanka economic connectivity

Vietnam – Sri Lanka cooperation should be viewed within the broader context of the Indian Ocean, South Asia and emerging global supply chains, and the key issue now is not potential, but swift, decisive and effective action, said Vietnam's top leader To Lam.

The meeting between Vietnamese Minister of Industry and Trade Le Manh Hung and representatives from Essar Group (Photo: VNA)

Vietnam, India step up cooperation in energy, biofuels

Vietnam encourages capable investors to participate in oil and gas, energy and energy infrastructure projects in line with the national energy development strategy, while ensuring investment efficiency and compliance with Vietnamese law.

In the first four months of 2026, total FDI inflows into Vietnam reaches 18.24 billion USD, up 32% year-on-year. (Illustrative photo: VNA)

Vietnam draws stronger foreign investment inflows despite global headwinds

In the first four months of 2026, total FDI inflows into Vietnam reached 18.24 billion USD, up 32% year-on-year. Disbursed capital was estimated at more than 7.4 billion USD, an increase of 9.8% and the highest four-month disbursement level recorded in the past five years, reflecting effective implementation of many registered projects.

A Boeing 787 aircraft of Vietnam’s national flag carrier, Vietnam Airlines, lands on its first flight at Long Thanh International Airport. (Photo: VNA)

Deputy PM stresses strategic, synchronous planning for airport system

The national airport system planning was approved by the Prime Minister under Decision No. 648/QD-TTg dated June 7, 2023. Under the planning, 30 airports (14 international and 16 domestic) are to be developed during the 2021–2030 period, with a vision to 2050 expanding the network to 33 airports (14 international and 19 domestic).

Modern machinery improves labour productivity. (Photo: VNA)

Upskilling becomes key lever for Vietnamese workforce in digital era

As the economy is pivoting to a growth model fueled by knowledge, technology and innovation, the working class, or the backbone of production, demands better professional qualifications, vocational skills, industrial discipline and work habits. Timely adaptation is the only shield against being undercut by accelerating automation, artificial intelligence and increasingly fiercer global competition.