The Central Bank of Russia is implementing new measures to combat fraud and illegal financial activities, which may impact cash withdrawals for some individuals. These changes, while aimed at protecting citizens and curbing illicit practices, raise concerns about potential inconveniences, especially for the elderly and those in regions with limited digital access.

Starting September 1, 2025, banks will have the authority to temporarily restrict cash withdrawals up to ₽50,000 per day if they suspect fraudulent activity. This restriction, lasting no more than 48 hours, applies to all types of payment cards, including credit cards. During this period, clients needing cash can visit a bank branch in person with identification.

The Central Bank emphasizes that this measure is designed to protect customers from scams, providing an opportunity to refuse suspicious withdrawals. Experts suggest that this initiative also aims to curb the shadow economy and illegal cash-out operations. While the measures may inconvenience some, analysts believe that ordinary citizens with legitimate transactions will not be significantly affected.

However, experts caution that restricting cash withdrawals alone will not eliminate fraud. A comprehensive approach is needed, including strengthening financial literacy, tightening transaction controls, improving security technology, and effectively investigating crimes. Some argue that banks should have implemented stricter measures earlier to combat the rise in fraudulent activities.