The Central Bank will cancel commissions for banks for transfers between citizens through SBP

The Central Bank will cancel commissions for banks for transfers between citizens through SBP

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From April 1, 2024, banks will be exempt from paying commissions to the Bank of Russia for a number of transactions in the SBP, reported press service of the Central Bank. For the transfer of cashback to citizens, as well as for the return of such cashback to the seller in case of refusal of purchase, zero tariffs will apply, the Central Bank notes.

“In the SBP, until July 1, 2024, there is a grace period for banks when they do not pay a commission to the regulator for transfers between citizens. The regulator decided to establish a zero tariff for these operations without a limitation on the validity period,” the regulator’s press service emphasized.

In addition, as the press service reminded, citizens will be able to transfer up to 30 million rubles between their accounts in different banks. per month free of charge through the Fast Payment System (FPS). The new limit on transfers to oneself (Me2Me transfer) in the SBP will take effect on May 1, 2024, simultaneously with the entry into force of the corresponding federal law. The limit on transfers without commission to another person will not change – 100 thousand rubles. The commission for transfers in excess of this amount will also remain unchanged – 0.5% of the transfer amount, but not more than 1.5 thousand rubles.

At the beginning of August 2023, amendments were adopted to the federal law “On Banks and Banking Activities”, according to which banks will not have the right to charge a commission for transfers of funds to a client’s account in another bank within the threshold of 30 million rubles.

About free transfers between your accounts – in column Maxim Builov.

Alexander Kislov

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