The Russian bank Intesa, a subsidiary of the Italian group Intesa Sanpaolo, has stopped opening foreign currency accounts for individuals indefinitely. The decision is explained by currency restrictions. Previously, Intesa increased the amount of the commission for currency transfers and introduced it for the storage of currency in the accounts.

Banco Intesa stopped opening foreign currency accounts for individuals

The suspension of the opening of accounts in foreign currency by Banco Intesa for individuals was reported by the MarketOverview telegram channel. Your information was confirmed at the Intesa call center. The publication clarified that we are talking about a total suspension of the opening of accounts. New clients of the bank can open an account only in rubles.

Bank employees cannot cope with a large number of requests to open accounts, the publication explains. Previously, Raiffeisenbank suspended transfers in US dollars and its clients began contacting Intesa. Subsequently, Intesa increased the commission for transfers in US dollars and introduced a fee for holding currency in deposits.

In April, Raiffeisenbank tightened the conditions for currency transfers for individuals. Dollar transfers became available only to premium bank customers with a subscription issued before February 28, 2023. The bank also raised the minimum transfer amount to $20,000 and introduced a flat fee of $300.

Now only two Russian banks carry out SWIFT transfers and at the same time open foreign currency accounts, MarketOverview emphasized. Credit Europe Bank charges a 3% commission for transfers with a minimum transfer amount of $10,000, Expobank also charges a 3% commission with a minimum transfer amount of $15,000.

Author:

Kirill Bilyk

Source: RB

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