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VTB launches international card-to-card transfers

Source: VTB

VTB-Online users now have the opportunity to make money transfers to the cards of customers with foreign banks.

The maximum amount for one transfer is 2000 USD (150 thousand rubles), with commission set at 1.5%.

Now all VTB-Online customers will be able to send money to cards of banks in all CIS countries as well as other countries across Europe. This list includes: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, China, Kyrgyzstan, Latvia, Lithuania, Moldova, Tajikistan, Turkmenistan, Uzbekistan, Estonia, Germany, Israel, Italy, Romania, France and the Czech Republic.

To carry out the operation, users select the “Worldwide transfers” section in the VTB-Online mobile app or via Internet banking by clicking on the “From card to card” field. Then, they enter the details of the recipient, information about the sender and the amount to transfer. After confirming the operation, the money will instantly be credited to the recipient’s account. The write-off occurs in rubles, with the crediting in the currency of the card recipient.

“Previously, for VTB-Online, funds could only be transferred to foreign accounts using the “SWIFT Transfer” service, and the amounts were credited within 3-5 days. Now we have added the ability to transfer money worldwide from card to card, with the money being credited to the other account instantly. This is especially important, given our client’s request for efficiency, and is particularly relevant for the current conditions of the self-isolation regime in almost all countries. VTB plans to develop this service by increasing the number of countries and launching money transfer services worldwide, which will be even more convenient and less expensive for our customers.” said Nikita Chugunov, VTB’s Head of Digital and senior vice president.

During the operation of the service in pilot mode, Kazakhstan, Belarus, Azerbaijan, the Czech Republic and Moldova were the countries with the highest number of transfers among VTB-Online customers.

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