A special recording procedure for certain securities will be in effect until the end of 2025
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13.06.2025
THE BANK OF RUSSIA REMINDS THAT IT IS NOW POSSIBLE TO TRANSFER NO MORE THAN 100 THOUSAND ROUBLES WITHOUT OPENING AN ACCOUNT USING SIMPLIFIED IDENTIFICATION
The corresponding maximum threshold is set by law, which entered into force on May 30, 2025. Until the specified date, the maximum threshold for the amount of transfer without opening an account was not established by law.
If you need to transfer more than 100 thousand roubles, you must undergo full identification or make a transfer using your bank account.
In addition, the amount of funds remaining on an electronic wallet opened using simplified identification has been increased from 60 thousand roubles to 100 thousand roubles.
The Bank of Russia also reminds that a financial institution must establish the individual’s surname, first name, patronymic, series and passport number for simplified identification. A residential address and TIN (if any) are also required for complete identification.
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