Alla Bakina, Head of the Central Bank’s (CB) Department of the National Payment System, said that many credit institutions support the initiative of citizens to expand their ability to make free remittances. She said this in a conversation with the newspaper. “News”.
According to Bakina, some players are concerned about the need to restructure their business model as the innovation could impact commission revenues. The head of the Central Bank’s department noted that the dialogue was basically around quantity. He added that the Central Bank adheres to its position that the threshold for free transfers amounted to him 1.4 million rubles. must be saved.
“We discussed limiting with the market, for example, not by quantity but by the number of transactions per month, year, or quarter. However, such restrictions make the process operationally complex. In our opinion, the quantity limit would still be optimal,” said Bakina.
In May, the newspaper Izvestia reported that almost all major banks in Russia get a commission for a transfer from another bank to yourself in the amount of 1-2%. So, VTB has a commission since May 1 this year. The fee is 1.25% of the transfer amount, at least 30 rubles.
former Central Bank declaration about a possible increase in key rate.