The bank can block a card in many cases, including if the user makes suspicious transfers. About this “Moscow 24” said Candidate of Economic Sciences, financial analyst Mikhail Belyaev.
For example, he explained that transfers that are too frequent or of large amounts may appear suspicious.
Belyaev continued: “A bank card can be blocked if you enter the PIN code incorrectly three times, for example, when making a purchase or using an ATM.”
Banking market expert Andrei Barhota added that cards other than Visa and Mastercard are blocked when they expire. He explained that in this case, customers were contacted before the card expired and were asked to come to the branch and get a new card that would be linked to the same account.
“But if we are talking about Visa and Mastercard cards leaving Russia, banks automatically renew them without the need for re-issuance,” explained the expert.
On the eve of the Central Bank of Russia reportedCards of the national payment system “Mir” occupied more than half of the Russian card market for the first time in the third quarter of 2023. Thus, in the nine-month period of 2023, the share of transactions made using Mir cards in the total transaction volume in Russia was 52.5%, and the share of issued cards was 51.6%.
Russians before saidIn cases where part of the pension can be deducted from the bank card.