Vietnamese banks are set to introduce new security measures for online fund transfers. Customers will soon be able to set a holding period, with a minimum of 24 hours, before funds are fully transferred to a newly registered recipient account. This feature aims to enhance security and reduce the risk of fraud related to unfamiliar accounts. The update allows users greater control over their transactions, offering a buffer period to identify and report any suspicious activity. Banks are implementing this flexibility to balance convenience with stronger protection against potential scams. The new system empowers customers to determine a waiting period that suits their personal level of comfort. This change reflects growing concerns around online financial security and a desire to proactively address emerging threats.

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