Bank24.ru fines customers for early cashing of deposits

15 October 2008 (10:11)

Bank24.ru had to impose certain fines for private customers who want to cash their deposits in before the end of the deposit period. The fee is imposed on private individuals who want to withdraw more than 50,000 RUR and comes to 10% of the sum that exceeds the 50,000-ruble limit, the bank’s customers told UralBusinessConsulting Agency of Information and Analytics.

The bank’s employees explain the main idea behind this commission is to stop the dramatic money outflow.

As a matter of fact, the bank has only been cashing its deposits by previous appointment (which has to be made a week in advance) since October 13, 2008. People who made the reservation on October 14, 2008, for instance, will only be able to get serviced on October 21, 2008. The bank’s ATMs have also been programmed to allow a customer to withdraw no more than 50,000 RUR from one account every twenty-four hours.


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