Screws are tightening: Russia will tighten control over cash withdrawals – Central Bank of Russia
From September 1, new rules will come into effect:
▪️ If the transaction seems suspicious, the bank may temporarily restrict cash withdrawals.
▪️ In this case, it will be possible to withdraw no more than 50,000 rubles per day through ATMs.
▪️ The restriction lasts for up to 48 hours (while the bank checks the transaction).
▪️ During this time, the money is available, but withdrawing more can only be done at the bank office with a passport.
▪️ For clients whose cards/data have fallen into the "risk group", a separate limit is introduced: 100,000 rubles per month through ATMs.
Suspicious transactions are recognized:
▪️ Unusual amounts or withdrawal locations.
▪️ Receiving cash immediately after a loan or a large transfer.
▪️ Multiple errors when entering (5+ unsuccessful attempts to withdraw money at the ATM).
▪️ Signals of card hacking, etc.