How to withdraw cash from a multicard credit card
Received this name for the reason that it has the functions of several types of bank cards at once. The user can independently enable / disable services and options as needed. All standard options are included in the card's functionality by default.
The credit limit placed on the balance sheet is intended for non-cash purchases. Along with the credit limit, your own funds can be placed on the card balance. The bank allows users to cash out an account, but only according to certain rules.
How to withdraw cash from a Multicard credit card without commission
Before using the card's capabilities, the holder must remember that the bank will not be able to cash out the credit limit without paying a commission. It is impossible to bypass this rule, therefore, users can withdraw free of charge only their own money, which is placed on the card balance in excess of the credit limit.
Withdrawal from ATMs
Under the terms of the bank, you can only withdraw your own funds and only at ATMs that are part of the VTB banking group. These are, first of all, the "native" ATMs of the bank, in which the user can cash out personal funds in accordance with the tariff applicable to the card.
Withdrawal is possible only with a card. The physical medium is inserted into the device, after which the pin code is entered and the corresponding operation is selected. In this case, the user goes to the tab - withdraw cash. Next, the user enters the amount and activates the operation. The bank does not charge any commission for this operation.
Here we should also mention the rest of the ATMs where users can withdraw money without commission. On the territory of the Russian Federation, such banks are: Post Bank and VTB Bank of Moscow. In the devices of these credit institutions, cardholders can withdraw cash without commission, but no more than 75,000 rubles per day / at a time.
Abroad, you can withdraw cash free of charge within the VTB banking group, which includes the following credit institutions: VTB Bank OJSC (Azerbaijan), VTB Bank PJSC (Ukraine), VTB Bank CJSC (Armenia), VTB Bank JSC (Kazakhstan) Subsidiary JSC, Bank JSC VTB (Georgia), CJSC VTB Bank (Belarus). Some of these banks work with only one payment system, so in certain cases cash withdrawals will not be possible.
Withdrawals through cash pick-up points
In the regions of the bank's presence, there are points (cash desks), when contacting which users can withdraw their own funds from the Multicard balance. Withdrawals are made without commission, but with a possible limit on the amount. At the standard rate, the limit is 200,000 rubles per day. The actual limit should be clarified upon contacting the pick-up point.
When contacting the cashier, users show their passport and credit card. You will also need to fill out some payment documents, after which the money is issued to the applicant in cash. The payment system on the basis of which the withdrawal card was issued does not matter. For the user, unauthorized persons can do this, but only if there is a notarized power of attorney, which will indicate the authority to perform such actions.
How to withdraw cash with commission
Loan funds are always withdrawn with a commission, the minimum amount of which is 300 rubles (5.5%). This is provided that the transaction is made through an ATM owned by a credit institution that is part of the VTB banking group. This commission is charged by the issuer of the Multicard. In addition to 5.5% of the withdrawn amount, a percentage of the bank that owns the ATM is also charged if the funds are withdrawn outside the VTB Group. Added to all this is the annual rate - at least 26%.
In fact, users can cash out funds with a commission at any ATM on the territory of the Russian Federation. In addition to the traditional method, additional options are also provided.
Withdrawing funds from ATMs of third-party banks
The operation is carried out according to the standard principle: for this you need the card itself with a sufficient amount on the balance. After entering the pin-code, the option "Cash withdrawal" is selected in the device menu, then the amount is written, after which the operation can be activated. The user is repelled by those limits and restrictions that are set by third-party banks.
If you withdraw your own funds, then the commission charged by VTB Bank is added to the commission of a third-party credit institution - 1% of the amount withdrawn, but not less than 300 rubles. Banks charge a commission for such services in the form of a certain percentage + additional fixed cost. To minimize costs, these values need to be clarified in advance, since the commission can often exceed the amount of money withdrawn by the user.
The minimum fees are charged mainly by large credit institutions. For example, Sberbank allows you to cash out funds from cards of third-party banks with a commission of 1-1.5% + 40-119 rubles. Here, for each bank, separate conditions for withdrawal are provided.
Money transfer systems
This option has become available relatively recently. Online users from Multicard can send money transfers to themselves with a commission within 1.5-2% of the transferred amount. Any money transfer system is suitable for the operation. For example, the CONTACT system has partner agreements with the VTB banking group, so here you can cash out the balance at a rate of 1.5% of the amount.
