New measures require Russian banks to confirm large ATM withdrawals through customer calls, indicating a shift in fraud detection practices from January 1.
Russian Banks Begin Blocking Large ATM Cash Withdrawals
https://united24media.com/latest-news/russian-banks-begin-blocking-large-atm-cash-withdrawals-14686
10 Comments
chocrates@piefed.world · 45 pts · 230d
So a stall tactic to slow down bank runs?
thorhop@sopuli.xyz · 15 pts · 230d
Pretty much
Lemmyoutofhere@lemmy.ca · 33 pts · 230d
This is a policy of a totally stable economy. /s
aramis87@fedia.io · 23 pts · 230d
They did this at the start of the war, as well. It was to help keep the ruble somewhat stable, to prevent bank runs - and to minimize resources available to people who who might be tempted to leave Russia.
Valmond@lemmy.dbzer0.com · 10 pts · 230d
Since then the ruble has become basically worthless (the ruble economy is so small Nabula/central bank can prop it up) because nobody uses it anymore except russia.
So quite a different situation IMO. Makes me remember a russian friand back in the day, her parents used all their saved money to send her "abroad" (to france) some year before russia just confiscated all wealth over some, IIRC, 20.000 rubles(?). So she got lucky.
This smells of authorianism going bankrupty. Or so I hope!
A_A@lemmy.world · 15 pts · 230d
ruSS banking crash. 2026, so far so good🤞.
Gerudo@lemmy.zip · 13 pts · 230d
Well, when it becomes public that you've sold off something like half your gold reserves, it doesn't exactly install confidence in the economy. 100% preventing bank runs.
slaacaa@lemmy.world · 10 pts · 230d
Bad
dayweekmonthyeardecadecenturymillenium to be a Russian.supersquirrel@sopuli.xyz · 6 pts · 230d
This is like trying to save a relationship by only letting your partner carry out their stuff from your shared home one box at a time per day. It will not save the relationship....
baggins@beehaw.org · 5 pts · 230d
What’s a large ATM withdrawal though?
Here in UK, depending on bank, it’s £250/300 per transaction and a max of £1000 per day.
Limiting that would piss people off, but they’d just go back the next day for more.