Tinkoff Bank announced that from June 16, the minimum amount of SWIFT transfers will be $20,000.

“We are forced to introduce temporary restrictions due to an increase in the number of checks by Western partners and a decrease in the volume of payments processed by them from clients of Russian banks.”

Earlier, the bank announced the introduction from June 23 of a commission for servicing foreign currency accounts, as well as the forced closure of savings accounts in foreign currency. A commission of 1% per month will be introduced for card accounts in US dollars, euros, pounds sterling and Swiss francs. It will be accrued if the account size is more than 1 thousand USD, while the commission will be charged daily. In addition, from June 23, the bank introduces a ban on opening savings accounts in foreign currency and leaves such an opportunity only for ruble accounts, all unclosed savings accounts after June 23 will be closed forcibly, money will be transferred to customer accounts in the same currencies. For those wishing to withdraw currency abroad, Tinkoff Bank temporarily (until June 30) promised to cancel the commission for SWIFT transfers.

Earlier, Raiffeisen Bank announced similar measures to foreign currency accounts.