Vietcombank Disables Auto Split-Order for Large Transfers from May 15, 2026

Overview

From May 15, 2026, Vietcombank (VCB) disables the automatic split-order feature for large-value transfers on its VCB Digibank platform, affecting transactions over VND 500 million. The change follows State Bank of Vietnam (SBV) regulations and may introduce additional risk checks for anti-money laundering. Other banks including VPBank, Eximbank, and TPBank have also announced similar adjustments.

Key Facts

• Vietcombank disables the automatic split-order feature for large-value transfers on VCB Digibank from 0:00 on May 15, 2026.
• The change applies to interbank transfers of VND 500 million or more, which will now be processed via standard channels instead of the Napas 24/7 fast system.
• Customers can manually split transfers into amounts below VND 500 million to continue using Napas 24/7.
• The adjustment is part of compliance with SBV Circular 40/2024/TT-NHNN.
• Large transactions may also face additional risk checks under Circular 27/2025/TT-NHNN on anti-money laundering.
• Other banks including VPBank, Eximbank, and TPBank have also stopped the auto split-order feature.
• On May 15, 2026, VCB closed at VND 60,700 (-0.49%), VPB at VND 27,550 (-2.13%), EIB at VND 21,850 (-1.13%), and TPB at VND 15,700 (-0.95%).

What Happened

Vietcombank announced that from 0:00 on May 15, 2026, it will officially discontinue the automatic split-order feature for large-value transfers on its VCB Digibank mobile app. Previously, the system could automatically split a large transaction into smaller amounts to allow customers to continue using the Napas 24/7 fast transfer service. Now, interbank transfers of VND 500 million or more will be processed through standard transfer channels, which may take longer.

Vietcombank advises customers to plan their transactions accordingly. For urgent large transfers, customers can manually split the amount into multiple transactions under VND 500 million each to still use Napas 24/7. The bank also notes that large transactions may be subject to additional risk checks under anti-money laundering regulations, specifically Circular 27/2025/TT-NHNN, which requires monitoring and reporting for transactions of VND 500 million or more.

Market Context

On the announcement date (May 15, 2026), Vietcombank (VCB) shares closed at VND 60,700, down 0.49% on HOSE. Other affected banks also saw slight declines: VPBank (VPB) fell 2.13% to VND 27,550, Eximbank (EIB) dropped 1.13% to VND 21,850, and TPBank (TPB) declined 0.95% to VND 15,700. The banking sector has been under regulatory scrutiny, with SBV tightening controls on large-value transactions and anti-money laundering compliance. The change is part of a broader industry trend toward stricter transaction monitoring.

Strategic Significance

This regulatory change reduces operational flexibility for high-net-worth retail and corporate clients who rely on fast large-value transfers. For Vietcombank, the move aligns with SBV’s anti-money laundering framework but may temporarily inconvenience some customers. However, it standardizes practices across the banking sector, potentially reducing competitive disadvantages for banks that previously offered the auto split-order feature. Long-term, it reinforces the SBV’s focus on financial integrity and may lead to increased adoption of alternative payment channels or digital solutions for large transfers.

What to Watch

• Customer adoption of manual splitting or alternative transfer methods for large transactions.
• Any further SBV circulars or guidance on large-value transaction processing.
• Q2 2026 earnings reports from Vietcombank and other affected banks for commentary on transaction volumes.
• Potential development of new digital solutions by banks to streamline large transfers while complying with regulations.
• Peer bank announcements regarding similar changes to their digital banking platforms.