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Summarize this content to 100 words ATMs of a number of large Russian banks stopped accepting dollars and euros. It is about 11 out of 13 systemically important credit organizations of Russia. According to experts, the decision is due to the introduction of sanctions against the financial sector, the freezing of correspondent accounts, as well as the introduction of a dedollarization policy.At the moment, it is not possible to top up accounts with dollars and euros at ATMs “Sbera” and “Opening”. This option was closed for VTB clients from April 19, 2022, for Raiffeisenbank – from spring 2022, for Radkombank – from March 10, 2022, for UniCredit Bank – from March 9, 2023.Gazprombank also confirmed the impossibility of replenishing currency accounts through ATMs with cash euros and dollars. It is also impossible to deposit currency in the ATMs of MKB, Rossilhospbank, PSB and Rosbank.The majority of banks did not explain the reasons for the restrictions. “Opening” said that ATMs stopped taking currency due to the sanctions imposed against the bank.You can deposit dollars and euros only through Alfa-Bank and Tinkoff ATMs. The first bank does not charge a fee for this service, and the second bank has a 5% commission.ATMs of the Post Bank and the Russian National Commercial Bank accept only roubles. A representative of the Ural Bank for Reconstruction and Development emphasized that the organization has always used monocurrency self-service devices.It is no longer profitable for banks to accept the currency of foreign countries from the point of view of the profitability of operations and from the standpoint of risk management, said Svitlana Zubkova, associate professor of the Department of Banking and Monetary Regulation of the Financial University under the Government of the Russian Federation. According to her, banks do not want to take risks and make payments to Russians due to the increased cost of monitoring such transactions.Valery Piven, managing director and head of the rating group of financial institutions of ACRA, associates the refusal of banks to accept euros and dollars through ATMs with the general drop in Russian demand for this service, which also becomes a source of losses amid a drop in turnover. Piven added that it is possible to put currency on the account in branches of credit organizations.Zubkova recommended converting euros and dollars into rubles and currency units of “friendly” countries of the Russian Federation.
ATMs of most banks of the Russian Federation stopped accepting dollars and euros / Habr
ATMs of a number of large Russian banks stopped accepting dollars and euros. It is about 11 out of 13 systemically important credit organizations of Russia. According to experts, the decision is due to the introduction of sanctions against the financial sector, the freezing of correspondent accounts, as well as the introduction of a dedollarization policy.
At the moment, it is not possible to top up accounts with dollars and euros at ATMs “Sbera” and “Opening”. This option was closed for VTB clients from April 19, 2022, for Raiffeisenbank – from spring 2022, for Radkombank – from March 10, 2022, for UniCredit Bank – from March 9, 2023.
Gazprombank also confirmed the impossibility of replenishing currency accounts through ATMs with cash euros and dollars. It is also impossible to deposit currency in the ATMs of MKB, Rossilhospbank, PSB and Rosbank.
The majority of banks did not explain the reasons for the restrictions. “Opening” said that ATMs stopped taking currency due to the sanctions imposed against the bank.
You can deposit dollars and euros only through Alfa-Bank and Tinkoff ATMs. The first bank does not charge a fee for this service, and the second bank has a 5% commission.
ATMs of the Post Bank and the Russian National Commercial Bank accept only roubles. A representative of the Ural Bank for Reconstruction and Development emphasized that the organization has always used monocurrency self-service devices.
It is no longer profitable for banks to accept the currency of foreign countries from the point of view of the profitability of operations and from the standpoint of risk management, said Svitlana Zubkova, associate professor of the Department of Banking and Monetary Regulation of the Financial University under the Government of the Russian Federation. According to her, banks do not want to take risks and make payments to Russians due to the increased cost of monitoring such transactions.
Valery Piven, managing director and head of the rating group of financial institutions of ACRA, associates the refusal of banks to accept euros and dollars through ATMs with the general drop in Russian demand for this service, which also becomes a source of losses amid a drop in turnover. Piven added that it is possible to put currency on the account in branches of credit organizations.
Zubkova recommended converting euros and dollars into rubles and currency units of “friendly” countries of the Russian Federation.
