Starting October 1, Russian banks will allow customers to deposit…
Starting October 1, Russian banks will allow customers to deposit cash into their accounts via ATMs of other banks through the System of Fast Payments (SBP), with voluntary participation from financial institutions and limits on transaction amounts. The service is not considered a transfer between accounts, so it is exempt from standard free transfer limits.
Consensus
- Starting October 1, Russians will be able to deposit cash into their bank accounts via ATMs of other banks.
- The service will operate through the System of Fast Payments (SFP).
- Participation of credit institutions in the service will be voluntary.
- The service will not be considered a transfer between accounts.
- Transaction limits are set: 25,000 rubles per operation, 50,000 rubles per day, and 200,000 rubles per month.
- The new mechanism is being introduced by the Central Bank of Russia.
Points of divergence
- The service will allow only the deposit of funds to one's own account, not to another person's account. — vm
- Banks may charge fees for the service, depending on contracts with clients. — vm
- There is a risk that fraudsters could use the service to transfer funds to accounts under their control if access to the victim's account is compromised. — vm
- Even with daily limits of 50,000 rubles, victims may still be exploited by fraudsters using multiple ATMs. — vm
- Russian banks are preparing to block transactions involving malicious software starting March 1. — vesti
- There are currently 12 indicators of unauthorized or fraud-induced transactions, including cash deposits via ATM using a digital card. — vesti
Coverage (7 sources)
- Banks in Russia will soon block money transfers by a new criterion — Вести
- Can you top up your bank account through a third-party ATM — Вечерняя Москва
- Russians will be able to replenish their accounts in cash through any ATM via SBP starting in October — Коммерсантъ
- Russians from October 1 will be able to replenish bank accounts through third-party ATMs. Connection of credit organizations to this... — ТАСС (Telegram)
- Russians will be able to replenish their accounts in banks through third-party ATMs starting October 1 — Вечерняя Москва
- The Central Bank told what will change in operations with Russian ATMs — Вести
- Russians will be able to replenish their bank accounts through third-party ATMs starting in October, reported by the Central Bank. — РИА Новости (Telegram)