VTB talked about the benefits of self-restrictions on loans and early closure of deposits

To increase the security of Russians from fraudsters, banks offer new tools. Among them is the opportunity to independently establish a ban on early closure and withdrawal of money from online deposits, as well as remote registration of consumer and car loans in cash, Alexander Pakhomov, Deputy Chairman of the VTB Board, told the WEF.

According to him, this approach helps protect users' money even if access to the application is compromised. Attackers will not be able to quickly gain access to customer funds using online banking access codes - self—restrictions make it impossible to perform transactions without a personal visit to the bank.

"We see a request from customers for careful control of their funds. Self—restrictions and limits "slam the door" in the face of scammers counting on easy prey," Pakhomov said. He added that VTB will introduce other functionality, "which has no analogues on the market, so that our customers will emerge victorious from the fight against fraudsters."

Previously, VTB users had the opportunity to restrict transactions with QR codes at ATMs, which significantly reduced the risks of money withdrawal by fraudsters. Tens of thousands of customers have already established self-restrictions, the bank stressed.