A new feature has appeared in Russia that could change the scheme of familiar transfers between people. T-Bank has launched an installment transfer service - now you can send money even when there is not enough money on the card.
The essence of the service is simple: the recipient will have access to funds instantly, as with a normal transfer, and the sender returns them to the bank in installments over several months. The maximum payment term can reach two years.
At the moment, the new option is available to T-Bank credit card holders, but in the future the bank plans to expand its use.
The client does not pay interest on the installment amount - only a fixed commission. It is displayed when choosing the repayment period. You can check the availability of the option in the T-Bank mobile application. The installment plan for the transfer will not be taken into account in the expenses that affect the grace period on the credit card.
You can apply for an installment plan directly during the transfer. To do this, in the mobile application, you need to select a transfer by phone number, specify the recipient and activate the "Available in installments" option, and then select the payment term.
If necessary, you can connect the installment plan after sending the money - just open the "All transactions" section, select the desired transfer and click "Apply for installment plan".
The size of available transfers depends on the client's tariff:
- up to 50 thousand rubles - without a subscription
- up to 100 thousand rubles - with the Pro service
- up to 150 thousand rubles - with the Premium tariff
The bank also clarified that transfers made in installments are not taken into account in expenses that affect the grace period on the credit card.
In fact, the new function turns a regular money transfer into a "sent now - paid later" format, where the bank instantly closes the amount for the sender.