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

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MSB stops processing instant 24/7 transfers for transactions above 500 million VND from May 1. (Photo for illustration: znews.vn)

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.

Source: VNA