OREANDA-NEWS  Transactions on Russian bank accounts may be restricted due to frequent cash transfers or withdrawals. Anatoly Aksakov, chairman of the State Duma Committee on the Financial Market, named the reasons for blocking accounts, RIA Novosti quoted him as saying.

According to the deputy, the bank begins to act actively when the user's behavior becomes questionable.

"These include, for example, an excessively large money transfer, multiple transfers to one person in maximum amounts, and multiple cash withdrawals," Aksakov explained.

Errors in entering the PIN code or expiration of the card may also be a possible reason for blocking accounts.

The lock usually lasts for a day, which is enough time for the owner to confirm the loss and block the card completely or remember the necessary numbers. You can remove the restrictions by contacting the bank with your passport or by confirming the transactions.

Chairman of the Central Bank of the Russian Federation Elvira Nabiullina called on credit institutions to better explain the reasons for blocking operations, doing so proactively. "Don't wait for clients to contact you, and if a client's operations are restricted, you need to proactively inform your client about the steps they need to take and why this happened," she explained.