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 12th of March)
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:
- VTB (VTBR.MM)
- Bank Otkritie
- Promsvyazbank (PSKBI.MM)
- Bank Rossiya
- Credit Bank of Moscow
- Russian Agricultural Bank
- 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 9th of March, 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 1st of March)
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 5th of March)
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.
Want to learn more?
If you’re in need of help, willing and able to help others in the war affected region or want to donate, reach out to the People for People foundation, co-founded by bunq to connect people who can provide help to those who need it – Ukrainians and Russians alike.