The largest Russian banks plan to expand the test cash withdrawal from bank cards at the cashier nationwide, Vice President of the Association of Banks of Russia Alexey Voylukov has told Izvestiya.

The service is now available in testing mode at certain banks and retailers in scarcely populated settlements.


It can be a profitable option for retailers, because the service will cover the acquiring expenses and attract additional traffic, experts say. However, the association believes that forcing consumers to buy something in order to withdraw cash at cashier can be viewed as violation of their rights.

Pilot projects of this service were launched by several large financial organizations last year. Sberbank allows cash withdrawal at the sales points of small and medium business in remote areas of certain regions. Large retail networks can introduce the service in cooperation with Sberbank this September.

Voylukov said consumers would be able to withdraw up to RUB 3000 at one go.

“It’s hard to say yet how many banks will decide to use the service. Everything depends on the demand of the service from the people and the stores’ desire, understanding and convenience. First of all, the service will interest banks with large geography, plenty of ATMs and POS, and banks that provide CVIT services. On the large scale, I can say there are 10-20 organizations that comply with these standards,” noted Alexey Voylukov.

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