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Post: Most banks will not increase the cost of notifications


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In Russia, banks generally do not plan to increase the cost of transaction notifications

MOSCOW, July 27 – RIA Novosti. Russian banks generally do not plan to increase notification costs for card transactions, and some players even stated that they receive such notifications for free and there are no fees for this service, a survey conducted by RIA Novosti among credit institutions showed.

Earlier on Wednesday, two of Russia’s largest banks announced that they will increase their reporting costs from 1 August. Sberbank will increase the alert fee by 10 rubles, depending on the type of card, the service will cost 40 or 70 rubles per month. In VTB, the cost of SMS alerts has increased from 59 rubles to 79 rubles, while the bank retains the option of free push notifications for payroll customers and pension recipients from it.

However, most of the banks surveyed told RIA Novosti that they would not increase their reporting costs. This was reported in Promsvyazbank, Sovcombank, Rosbank, MTS Bank and Renaissance Credit Bank.

Alfa-Bank and Dom.RF Bank reported that there is no such plan to date. Russian Standard Bank and Post Bank do not plan to increase notification costs for their customers in the near future.

Novikombank stated that they do not receive commissions for notifications regarding card transactions and do not plan to implement it anytime soon. In the “Absolute Bank” notifications to customers are free. “We do not plan to impose a fee for the service,” the credit agency said.

Source: Ria

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