VTB has started offering salary clients access to a portion of their earned money before the official payment date. Olga Skorobogatova, First Deputy Chairman of the bank's management board, announced this ahead of the SPIEF.
The service works without interest and additional approvals. The client can receive money in advance, which will then be automatically withheld on the day the salary is received from the employer. Along with the amount, a fixed fee for the transaction – 399 rubles – is withheld.
The bank notes that this format can become an alternative to credit cards and loans with daily interest. According to Skorobogatova, against the backdrop of revised credit limits, the familiar "safety cushion" in the form of a credit card has become less accessible for some Russians.
Our service allows clients to access their own funds without interest and additional approvals.
The number of requests is unlimited. VTB emphasizes that no interest is charged for using the funds, and the settlement occurs automatically on the official payday.