Sberbank has launched a service that allows clients to set up automatic repayment of credit card debt.
It allows payment dates to be tracked and debt to be paid off on time. The function can be found in the online and mobile application versions of Sberbank Online.
The autorepayment service sends the client an SMS about forthcoming withdrawal of funds a few days prior to the payment date. If the client does not reply to the SMS, funds will be withdrawn automatically. To activate the service, simply select the debit card that funds will be withdrawn from to pay off the credit card debt every month.
“We created the credit card autorepayment service at the request of our clients. It checks whether the client has debt helps make payments on time. It is very relevant for clients who plan to go on holiday and don’t want to worry about repaying their credit card debt away from home,” commented Igor Kovalev, Executive Director of Sberbank Borrow and Save Division.