JSC Tochka will buy back its clients’ funds trapped in Qiwi Bank for 8 billion rubles. The bank plans to make the first payments on March 5.

Tochka Bank will buy its clients’ assets for 8 billion rubles from Qiwi Bank

The measure will affect those who received services under a Qiwi Bank banking license and whose losses are not covered by payments from the Deposit Insurance Agency (DIA).

The refund scheme will work as follows: clients from the list of DIA depositors who have entered into an agreement for the refund of claims with Tochka will receive the difference between 1.4 million rubles (the maximum amount of insurance compensation) and the account balance. For example, if a businessman has 12 million rubles trapped in his accounts at Qiwi Bank, he will receive 1.4 million rubles from the DIA and 10.6 million rubles will be credited to Tochka.

Tochka will provide free service on new accounts to all customers affected by the situation with Qiwi until February 28, 2025.

  • On February 21, the Bank of Russia revoked Qiwi Bank’s banking license. After this, Qiwi wallet replenishment turned out to be unavailable and the payment system also blocked the withdrawal of funds. Customers of other banks cooperating with Qiwi also had problems. Later, the Central Bank stated that Qiwi Bank, according to preliminary estimates, has sufficient funds to return money from electronic wallets.
  • The Deposit Insurance Agency (DIA) identified about 9.3 million wallets in Qiwi Bank with a total amount of funds of 4.4 billion rubles.

RB.RU talked about what to do if you have a deposit in Qiwi Bank and funds in a Qiwi wallet, to whom and when the money will be returned, and what to do if you have problems paying for services.


Karina Pardaeva

Source: RB

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