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.

Saturday, May 02, 2026 00:20

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

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