Post by nurnobisorker14 on Oct 30, 2024 2:20:21 GMT -5
Not only credit payment instruments, but also debit bank cards have limits on cash withdrawals at bank branches and ATMs per transaction, as well as per day and month. If the "one-time", daily and monthly limits are not met, the owner of the "plastic" pays additional fees or is faced with the impossibility of receiving funds.
Contents hide
1) Types of limits for cash withdrawals on debit cards
1.1) Fixed limits
1.2) Floating limits
1.3) Other types of restrictions on cash withdrawals
2) The need for restrictions on cash withdrawals
3) Maximum daily and monthly limits of banks
4) Checking the limit on your bank card
5) Possibility to disable the limit on cash withdrawals
6) Withdrawal of a large amount exceeding the limit - instructions
7) Cash withdrawal limit at the bank - results
Types of cash withdrawal limits on debit cards
The following types of restrictions are provided for operations to receive cash from cards with a debit account:
withdrawing money from cash desks in stores and bank offices;
receiving banknotes from ATMs of issuing organizations and partner financial institutions.
In 2021, many Russian banks reduced the bulk email campaigns limits on cash withdrawal amounts in all three of the above methods. The main goal of tightening restrictions is to encourage Russians to make non-cash payments to service and product providers.
Fixed limits
Fixed financial limits for Visa, Maestro, MIR and MasterCard cards indicate how much money can be withdrawn from cash desks and machines during one day and month.
The monthly limit is not equal to the daily figure multiplied by the number of days in a calendar month. In other words, the issuer may allow withdrawal of 150 thousand rubles per day, but limit the monthly maximum to 1.5 million rubles, and not 4.5 million rubles (150,000 x 30).
Floating limits
Some of the most loyal banks allow you to set certain limits yourself (within reasonable limits). Usually, you can set limits in the following situations:
"plastic" is used by a child;
The card is intended for making operations to withdraw funds abroad when, due to exchange rate fluctuations, there is a risk of technical overdraft.
It is easy to find out about the possibility of independently setting withdrawal limits - you need to call the hotline of the issuing organization, contact the department manager or contact its consultant by any other method.
Other types of cash withdrawal restrictions
Additional common options for limits on Russian debit cards:
By the number of banknotes per transaction. Let's assume no more than 45-50 banknotes at a time.
By the number of procedures during the day. Let's say no more than 4-5 removal operations within 24 hours.
Limits of any type are usually different when conducting transactions through the issuer's own ATMs and third-party (partner and non-partner) ATMs. In the latter case, the limits are stricter.
Need for restrictions on cash withdrawals
The main purposes for which any limits on the receipt of banknotes and notes from debit accounts are provided are:
Protection of funds from criminals and fraudsters. If the cardholder loses his payment instrument, for example, loses it or is robbed, he will not be left without a large sum of rubles on his balance. The daily "quotas" of the issuing organization will protect him from illegal withdrawal of all money by criminals.
Counteracting concealment and money laundering. Banks, being important participants in the Russian economic system, have a personal interest in ensuring that private businessmen and enterprises cannot conceal part of their income and pay less than they should in taxes, thanks to uncontrolled cashing of money.
Stimulating the owners of "plastic" to make non-cash payments. Non-cash transactions are profitable for banking structures, which receive a certain percentage of profit from the recipients of funds.
The Central Bank of the Russian Federation allows financial institutions of our country to set limits on cash withdrawals through cash desks and ATMs at their own discretion. Therefore, the "figures" in various Russian financial institutions are also different.
Try paying in installments
First payment only after 30 days
Find out the limit
Maximum daily and monthly limits of banks
Several years ago, the Central Bank of the Russian Federation recommended that Russian banking institutions limit the amounts of cash withdrawals through store cash desks to 5 thousand rubles and 30 thousand rubles per day and month, respectively. Since this was a recommendation, not a requirement, the limits for plastic issuers in 2023 remain different, although approximately the same.
Card type - bank Limit per day / month in RUB Excess fees
Multicard from VTB 350 thousand rubles – 2 million rubles. Please check with the organization
Cashback from MTS 50 thousand rubles – 600 thousand rubles. You need to check with the institution's employees (there is no information on the official website)
Opencart from Otkrytie 300 thousand rubles – 1.2 million rubles. You need to contact a bank manager for advice.
Alpha from Alfabank 300 thousand rubles – 500 thousand rubles. 1.99% of the excess amount, but not less than 199 rubles
Black from Tinkoff no – 500 thousand rubles. 2% of the excess amount, but not less than 90 rubles
Classics from Sberbank 150 thousand rubles – 1.5 million rubles. 0.50% of the excess amount
Example: you are the owner of a Tinkoff card and you need cash in the amount of 600 thousand rubles. The commission will be 2 thousand rubles (2% of the excess of 100 thousand rubles), even if you make not one, but two or more transactions. Receiving 500 thousand rubles will not be accompanied by a commission fee.
Checking the limit on a bank card
You can see how much of your own funds you are allowed to withdraw from your debit balance without commission:
on the official website of the issuing organization;
in your Personal Account in the Internet banking service;
in the mobile application.
In all cases, the necessary information should be found in the "Rates" section. There is also an easier way to find out the necessary "figures" - contact the bank's consultants in the chat or via the Hotline. Such information must be provided by employees without fail.
Possibility to disable the cash withdrawal limit
It is impossible to remove financial restrictions set by issuing institutions. When receiving a "plastic", the bank client always signs an agreement in which he agrees to one-time, daily and monthly limits, and to pay commissions if they are not met.
There cannot be any restrictions on cash withdrawals per day or month for a bank card.
The cardholder can only disable those restrictions that he defines himself.
Example: Alfa connects its clients who apply for a "Children's card" with a debit account to the "My Control" service. According to its rules, the amount of cash a child can receive is no more than 800 USD converted to RUB at the current exchange rate at the time of the transaction. It is impossible to increase the limit, but it can be reduced.
The “My Control” option (in other banks it may have a different name, but the essence is the same) allows cardholders to control:
Actions with "plastic". For example, you can prohibit payment for any purchases in online stores and on gaming sites.
Amounts of expenses during the month or per transaction. Let's assume that you can prohibit the purchase of goods worth more than 15 thousand rubles;
Amounts for one-time receipt at cash desks and ATMs. For example, it is possible to prohibit withdrawals from cashiers-operators of stores over 2 thousand rubles at a time.
Geographically, restrictions may apply everywhere or, for example, only when using plastic abroad.
You can connect and disconnect the "My Control" option for free and independently - in the Personal Account of the Internet banking service and the mobile application. Another option is to contact a specialist at your nearest branch for help.
Withdrawing a large amount exceeding the limit - instructions
You cannot increase your bank "quota" on your own. However, it is still possible to withdraw a larger amount from an ATM or cash desk than the daily and monthly limits provide. To do this, you need to:
Pay the excess fee. The easiest and fastest option, with one drawback that goes without saying.
Switch to the Premium service package . Any limits, including withdrawals, will be increased. The downside is similar to the one mentioned above - you can't avoid overpaying. However, in some cases the cost of connecting the Premium package is lower than the amount of commissions.
Send part of the funds to another card of the same or partner banking organization. The method will be profitable provided that you do not have to pay for the money transfer.
If you have enough time, you can open a deposit with the option of withdrawing at any time or a savings account at the issuing institution. Then attach a card to it and transfer the entire excess amount to the balance. Then withdraw the "excess" in cash through the cash desk of the bank branch. If there are no fees for opening and servicing an additional account, this method of increasing the limit on cash withdrawals without commissions will be free.
Recommendation: if you decide to use the last method, order the amount of cash at the bank's cash desk in advance. Otherwise, the required amount of bills may not be available during your visit.
Cash withdrawal limit at the bank - results
Banking structures are interested in their clients keeping their money in debit accounts and making cashless payments. As for the holders of payment instruments themselves, it is also convenient (safe and fast) and profitable for them (with cashback and other bonuses for cashless payments).
A certain amount from the debit balance can always be withdrawn without commissions - this is a requirement of the Central Bank of the Russian Federation. Particularly significant limits are for privileged category cards. If the restrictions on the classic card do not suit you, consider the possibility of applying for a "Platinum", "Gold" or other VIP level "plastic". Calculate in advance how much it will cost you to own it and what the overpayment will be if the daily or monthly limit on the classic is exceeded.
Contents hide
1) Types of limits for cash withdrawals on debit cards
1.1) Fixed limits
1.2) Floating limits
1.3) Other types of restrictions on cash withdrawals
2) The need for restrictions on cash withdrawals
3) Maximum daily and monthly limits of banks
4) Checking the limit on your bank card
5) Possibility to disable the limit on cash withdrawals
6) Withdrawal of a large amount exceeding the limit - instructions
7) Cash withdrawal limit at the bank - results
Types of cash withdrawal limits on debit cards
The following types of restrictions are provided for operations to receive cash from cards with a debit account:
withdrawing money from cash desks in stores and bank offices;
receiving banknotes from ATMs of issuing organizations and partner financial institutions.
In 2021, many Russian banks reduced the bulk email campaigns limits on cash withdrawal amounts in all three of the above methods. The main goal of tightening restrictions is to encourage Russians to make non-cash payments to service and product providers.
Fixed limits
Fixed financial limits for Visa, Maestro, MIR and MasterCard cards indicate how much money can be withdrawn from cash desks and machines during one day and month.
The monthly limit is not equal to the daily figure multiplied by the number of days in a calendar month. In other words, the issuer may allow withdrawal of 150 thousand rubles per day, but limit the monthly maximum to 1.5 million rubles, and not 4.5 million rubles (150,000 x 30).
Floating limits
Some of the most loyal banks allow you to set certain limits yourself (within reasonable limits). Usually, you can set limits in the following situations:
"plastic" is used by a child;
The card is intended for making operations to withdraw funds abroad when, due to exchange rate fluctuations, there is a risk of technical overdraft.
It is easy to find out about the possibility of independently setting withdrawal limits - you need to call the hotline of the issuing organization, contact the department manager or contact its consultant by any other method.
Other types of cash withdrawal restrictions
Additional common options for limits on Russian debit cards:
By the number of banknotes per transaction. Let's assume no more than 45-50 banknotes at a time.
By the number of procedures during the day. Let's say no more than 4-5 removal operations within 24 hours.
Limits of any type are usually different when conducting transactions through the issuer's own ATMs and third-party (partner and non-partner) ATMs. In the latter case, the limits are stricter.
Need for restrictions on cash withdrawals
The main purposes for which any limits on the receipt of banknotes and notes from debit accounts are provided are:
Protection of funds from criminals and fraudsters. If the cardholder loses his payment instrument, for example, loses it or is robbed, he will not be left without a large sum of rubles on his balance. The daily "quotas" of the issuing organization will protect him from illegal withdrawal of all money by criminals.
Counteracting concealment and money laundering. Banks, being important participants in the Russian economic system, have a personal interest in ensuring that private businessmen and enterprises cannot conceal part of their income and pay less than they should in taxes, thanks to uncontrolled cashing of money.
Stimulating the owners of "plastic" to make non-cash payments. Non-cash transactions are profitable for banking structures, which receive a certain percentage of profit from the recipients of funds.
The Central Bank of the Russian Federation allows financial institutions of our country to set limits on cash withdrawals through cash desks and ATMs at their own discretion. Therefore, the "figures" in various Russian financial institutions are also different.
Try paying in installments
First payment only after 30 days
Find out the limit
Maximum daily and monthly limits of banks
Several years ago, the Central Bank of the Russian Federation recommended that Russian banking institutions limit the amounts of cash withdrawals through store cash desks to 5 thousand rubles and 30 thousand rubles per day and month, respectively. Since this was a recommendation, not a requirement, the limits for plastic issuers in 2023 remain different, although approximately the same.
Card type - bank Limit per day / month in RUB Excess fees
Multicard from VTB 350 thousand rubles – 2 million rubles. Please check with the organization
Cashback from MTS 50 thousand rubles – 600 thousand rubles. You need to check with the institution's employees (there is no information on the official website)
Opencart from Otkrytie 300 thousand rubles – 1.2 million rubles. You need to contact a bank manager for advice.
Alpha from Alfabank 300 thousand rubles – 500 thousand rubles. 1.99% of the excess amount, but not less than 199 rubles
Black from Tinkoff no – 500 thousand rubles. 2% of the excess amount, but not less than 90 rubles
Classics from Sberbank 150 thousand rubles – 1.5 million rubles. 0.50% of the excess amount
Example: you are the owner of a Tinkoff card and you need cash in the amount of 600 thousand rubles. The commission will be 2 thousand rubles (2% of the excess of 100 thousand rubles), even if you make not one, but two or more transactions. Receiving 500 thousand rubles will not be accompanied by a commission fee.
Checking the limit on a bank card
You can see how much of your own funds you are allowed to withdraw from your debit balance without commission:
on the official website of the issuing organization;
in your Personal Account in the Internet banking service;
in the mobile application.
In all cases, the necessary information should be found in the "Rates" section. There is also an easier way to find out the necessary "figures" - contact the bank's consultants in the chat or via the Hotline. Such information must be provided by employees without fail.
Possibility to disable the cash withdrawal limit
It is impossible to remove financial restrictions set by issuing institutions. When receiving a "plastic", the bank client always signs an agreement in which he agrees to one-time, daily and monthly limits, and to pay commissions if they are not met.
There cannot be any restrictions on cash withdrawals per day or month for a bank card.
The cardholder can only disable those restrictions that he defines himself.
Example: Alfa connects its clients who apply for a "Children's card" with a debit account to the "My Control" service. According to its rules, the amount of cash a child can receive is no more than 800 USD converted to RUB at the current exchange rate at the time of the transaction. It is impossible to increase the limit, but it can be reduced.
The “My Control” option (in other banks it may have a different name, but the essence is the same) allows cardholders to control:
Actions with "plastic". For example, you can prohibit payment for any purchases in online stores and on gaming sites.
Amounts of expenses during the month or per transaction. Let's assume that you can prohibit the purchase of goods worth more than 15 thousand rubles;
Amounts for one-time receipt at cash desks and ATMs. For example, it is possible to prohibit withdrawals from cashiers-operators of stores over 2 thousand rubles at a time.
Geographically, restrictions may apply everywhere or, for example, only when using plastic abroad.
You can connect and disconnect the "My Control" option for free and independently - in the Personal Account of the Internet banking service and the mobile application. Another option is to contact a specialist at your nearest branch for help.
Withdrawing a large amount exceeding the limit - instructions
You cannot increase your bank "quota" on your own. However, it is still possible to withdraw a larger amount from an ATM or cash desk than the daily and monthly limits provide. To do this, you need to:
Pay the excess fee. The easiest and fastest option, with one drawback that goes without saying.
Switch to the Premium service package . Any limits, including withdrawals, will be increased. The downside is similar to the one mentioned above - you can't avoid overpaying. However, in some cases the cost of connecting the Premium package is lower than the amount of commissions.
Send part of the funds to another card of the same or partner banking organization. The method will be profitable provided that you do not have to pay for the money transfer.
If you have enough time, you can open a deposit with the option of withdrawing at any time or a savings account at the issuing institution. Then attach a card to it and transfer the entire excess amount to the balance. Then withdraw the "excess" in cash through the cash desk of the bank branch. If there are no fees for opening and servicing an additional account, this method of increasing the limit on cash withdrawals without commissions will be free.
Recommendation: if you decide to use the last method, order the amount of cash at the bank's cash desk in advance. Otherwise, the required amount of bills may not be available during your visit.
Cash withdrawal limit at the bank - results
Banking structures are interested in their clients keeping their money in debit accounts and making cashless payments. As for the holders of payment instruments themselves, it is also convenient (safe and fast) and profitable for them (with cashback and other bonuses for cashless payments).
A certain amount from the debit balance can always be withdrawn without commissions - this is a requirement of the Central Bank of the Russian Federation. Particularly significant limits are for privileged category cards. If the restrictions on the classic card do not suit you, consider the possibility of applying for a "Platinum", "Gold" or other VIP level "plastic". Calculate in advance how much it will cost you to own it and what the overpayment will be if the daily or monthly limit on the classic is exceeded.