Banks are entitled to limit cash withdrawals from payroll cards – Russian Newspaper

Banks are entitled to limit cash withdrawals from payroll cards – Russian Newspaper

The Bank of Russia has rejected the idea of ​​the Association of Regional Banks of Russia requiring employers to pay wages to employees only on credit cards, as well as set limits on cash withdrawals from payroll cards , current accounts and demand accounts.

“The implementation of the initiative would unduly disrupt the interests of the banks and their customers,” – said in response to the first deputy chairman of the Bank of Russia Ksenia Yudayeva forwarded to the Association.

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Recall that ASROS appealed to the Central Bank with a proposal to “promote cashless transactions” in August 2014. According to the head of the Association Anatoly Aksakov only 20-30 percent of employers list their employees money on the card, and the rest paid in cash. And the level of “gray” wages in envelopes is still high.

According to the banker, introduced throughout non-cash payments – from the purchase of newspapers and pay for a bus to the calculation in shops and hairdressers – will make life more comfortable and help citizens to accustom business to financial discipline.

Anatoly Aksakov also identified another problem: the citizens, as a rule, completely removed from their salary cards. And the banks to such records its interest – cross-selling and commission employers for money transfer. Meanwhile, pay attention to experts, banks are entitled to set a limit on cash withdrawals from payroll cards. Resolution of the Central Bank it does not need.