Update on banking services for Russia and Belarus

bunq

Hey bunqers,

Due to the recent regulations and sanctions of the European Union, USA and Canada, we were informed on the following events which may affect your banking experience:

SWIFT regulations (takes effect since March 12, 2022)

According to the last portion of sanctions towards Russia, from the 12th of March, you won’t be able to send or receive SWIFT transfers to and from Russia or Belarus. The following banks are affected by this decision:

For Russia

VTB (VTBR.MM)
Bank Otkritie
Novikombank
Promsvyazbank (PSKBI.MM)
Bank Rossiya
Sovcombank
VEB
Sberbank
Credit Bank of Moscow
Russian Agricultural Bank

For Belarus

Belagroprombank
Bank Dabrabyt
the Development Bank of the Republic of Belarus
Belarusian Bank For Development And Reconstruction
also including all of the mentioned above’s Belarusian subsidiaries

Important note: Keep in mind that the Intermediary bank does the final ruling if a certain transfer is sent successfully, therefore some other banks not mentioned above may experience unsuccessful transactions too.

Currency Cloud service regulations (in effect since March 9, 2022, 12:00 CET)

We were informed by CurrencyCloud, our partners for Local Currencies, that according to the recent events and sanctions applied to Russia, all transfers to and from Russia and Belarus aren’t active until further notice.

This means that your Local Currencies accounts can’t send or receive transfers from Russia and Belarus from 9th of March, 12:00 CET onwards, until further notice.

Wise service regulations (in effect since March 1, 2022)

Wise informed their customers and partners that from the 1st of March they’ve deactivated their services for Russia and RUB currency. This means that you can't send or receive transfers to and from Russia by using Wise.

Mastercard service suspension (in effect since March 5, 2022)

In an official statement on their official website, Mastercard announced that they suspend all of their services in Russia. This means that your Mastercard won’t operate when used at Russian ATM machines or merchants.

Wise additional service regulations (in effect since October 3, 2022)

Wise has additionally informed their customers and partners that from October 3, they’ve closed down payment processing to / from Russia and Belarus. This means that you won't be able to use Wise's services if you try to send out a payment to the above mentioned countries.