Now the financial organizations of Russia have introduced commission fees for premature cashing out bank deposits. Experts the reason for the indicated innovations consider the need to confront credit structures to illegal cash flow out.
Similar commissions have already appointed separate large domestic financial institutions. If, say, you will want to receive cash available in the account a month after its opening in the master bank, commission fees will be equal to half a percent from the total investment. In the starting days of ten there are two % of the contribution to such an operation. MDM-Bank and Bank of Moscow will cash out a deposit with a commission of one to ten percent of the deposit amount.
According to market analysts, these measures will not harm the depositors, because the commissioned commissions relate only to non -cash deposits and only if the client pretends to terminate the appropriate financial contract ahead of schedule (that is, in ten days or a month after its conclusion).
The introduction of the described commissions fully complies with the current legislation and does not violate anyone’s rights. Clients can, on the first request, get their funds in cash, and the charge of the fee for financial transactions is included in the competence of banks, since it is they who serve accounts with depositors. Each financial organization has its own commission size.
Experts consider new commission fees as a fairly effective means of struggle banks with illegal cashing through deposits, laundering of income and financial support for terrorism. New measures will help reduce the number of cashing procedures, as well as make up for financial losses that occur during these operations.
In turn, ordinary respectable investors will not be oppressed. Firstly, the use of non-cash deposits by individuals is quite rare, and secondly, ordinary citizens usually open a deposit to increase existing capital and are in no hurry to terminate the agreement signed with the bank, losing interest, which began to accumulate interest.
Note: from the first numbers of the year of the current size of the maximum rate on deposits in domestic currency, 0.23 percent increased.
Find out for yourself all the main financial and economic issues, find out why the Central Bank wants to dominate deposit rates.