Translation. Region: Russian Federal
Source: Mainfin Bank –
How will the transfer limit work?
Amendments to Federal Law No. 115 will come into effect in Russia on May 30 – the previously adopted document proposes the introduction of the following restrictions:
the limit for sending funds without opening an account, including through various money transfer systems, will be 100 thousand rubles; a similar limit will apply to wallets and accounts with simplified identification; for transfers in foreign currency, a limit equivalent to the specified amount will also be set.
There are currently no such limits for transferring funds – if a client wants to send an amount over 15 thousand rubles, he only needs to provide passport details. With smaller amounts, the situation is even more anonymous – identification is not required for sending.
Why is a new limit being introduced for transfers?
The authors of the bill, which provides for a limit on transfers without identification or opening a bank account, are confident that the measure will help in the fight against money laundering and the sponsorship of terrorist activities. It will now be more difficult for criminals to send large sums – they will have to make many small transactions, which can also attract attention from jar.
“Transfers without identification are rarely used by bona fide clients due to high fees – sending funds often requires paying 3-5%, while transactions between accounts are much more profitable,” the lawyer noted.
Russians were reminded of the possibility of sending money from one account to another or from cards to the card – restrictions will not apply to such transactions. Moreover, the commission for interbank transfers is on average up to 1%, and you can send funds via the SBP free of charge (with a commission of 0.5% when exceeding the limits).
15:00 05/13/2025
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