UnionPay cards of Tinkoff Bank will stop working abroad, customers were advised to withdraw cash
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Tinkoff-Bank commented on the inclusion of the bank in the sanctions lists USA And Canadareleased July 20. The bank assured that the restrictions were expected, their impact on the work is being investigated. In the meantime, bank support said that UnionPay cards would stop working abroad from today, and customers were advised to withdraw cash.
“We have been preparing for this turn of events and will do our best to make this news as unnoticed as possible for our clients. Now we find out what impact the imposed sanctions will have. Tinkoff products, services and applications work as usual,” the statement reads. message Tinkoff Bank.
As reported RBC at the bank’s support service, UnionPay cards will stop working abroad from today, their issuance will be stopped in the near future. Customers are advised to withdraw cash as soon as possible.
U.S. citizens and entities are prohibited from doing business with organizations on the sanctions list. According to the OFAS license, transactions with sanctioned banks, including Tinkoff Bank, are allowed until October 18. The shares of Tinkoff Bank’s parent company TCS Group fell more than 3% after the imposition of sanctions.
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