SDM-Bank joins the Bank of Russia Faster Payments System29 October 2019
SDM-Bank is connected to the Bank of Russia Faster Payments System (FPS). This is a new and completely unique C2C service. This federal project will gradually join all Russian banks.
FPS is developed to enable individuals to make instant transfers to each other 24/7 using only a mobile phone number – regardless of in which banks the sender and recipient have their accounts. The transfer processing takes no more than 15 seconds. Transfers can be done around the clock, on any day including weekends and holidays. While the system is just starting its work, it is very convenient to use it already now. SDM-Bank will not charge any fee for transfers until January 1, 2020.
SDM clients can already use the service through their Mobile Bank. From December 10 the service will be available also through Internet Bank from any device: smart phone, tablet or computer. To make the transfer in Mobile Bank or Internet Bank just select ‘Transfer via FPS’ in the menu, choose account from which you want to make a payment, indicate the receiver’s mobile phone number and input the transfer amount. The limit for one operation is 50,000 rubles, the daily limit is also 50,000 rubles, and the monthly limit is 500,000 rubles.
The Faster Payments System meets all modern standards of information security and is reliably protected at all stages of the service.