Banks will start checking ATM transactions for signs of fraud

Since September 1, Russian banks have been required to analyze customer transactions at ATMs and temporarily restrict cash withdrawals if suspicious behavior is detected.

According to Federal Law No. 41-FZ, banks must check whether customers are under the influence of fraudsters when withdrawing money. Restrictions are imposed if the system detects unusual activity: an atypical amount, an unusual time or place of the transaction, an attempt to cash out a loan on the first day, or a large transfer through the SBP the day before.

"Innovations will help in the fight against fraudsters. During the period of the limit, a person will have time to realize the threat and block accounts if the money is already under the control of intruders," the Bank of Russia explained to RBC.

In case of suspicious activity, the bank will be able to set a cash withdrawal limit of up to 50 thousand rubles per day for 48 hours. Larger amounts will be available only at the branch.

What will change in the lives of Russians from September 1

Ban on cottage business, restrictions on cash withdrawals, "second hand" anti-fraud and other innovations

Earlier, on September 1, financial market expert Andrey Barkhota gave recommendations on withdrawing cash from the bank. He explained what actions might seem suspicious and why Russian banks would be able to restrict the issuance of cash. For example, a transfer to your account of more than 200 thousand rubles by SBP from your account in another bank.

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