Limit is one of the most popular tools used by financial institutions for risk management. It represents a certain quantitative restriction (norm) imposed on ongoing operations. So, a limit can be set on the cash desk balance, cash withdrawals, transfers from one card to another. Its correct calculation requires considerable effort, but they more than pay off. But the meaningless and chaotic restriction of operations by the bank can only lead to bankruptcy.
Definition
A limit is an artificially established limit on the amount of transactions. Its main goal is risk management in the financial and banking sector. The reasons for imposing a limit may be:
- The technical impossibility of assessing the riskiness of operations directly during their conduct. For example, this is practically impossible to do with interbank lending.
- Conflict of interest between employees of the bank’s divisions and shareholders, disinterest of the former in following the risk management strategy chosen by the financial institution. For example, it occurs when setting a limit on the maturity of bonds. The employees of the departments benefit from a shorter portfolio duration, and the shareholders understand that greater profitability is always associated with greater risk.
Cash withdrawal limit
Banks independently establish restrictions on operations. Consider them with the example of Sberbank. In ATMs, the limit is 50-150 thousand rubles per day. Holders of Visa Gold and Gold Master Card cards can receive 300 thousand rubles, and Visa Platinum, Platinum Master Card - 500. Separately set limits on cash withdrawals for customers of foreign subsidiary banks of Sberbank of the Russian Federation. The limit on Maestro and Visa Electron cards is 7,500 rubles, and on all the rest - 50,000. If the client needs larger amounts, he must contact the bank's cashier. For Visa Gold and Gold Master Card holders, a cash limit of 3 million rubles has been set for cash withdrawals at the cash desk. And for Visa Platinum, Platinum Master Card - at 5. All other bank customers can receive up to 1.5 million rubles a month at the box office of Sberbak branches. However, it is better to inform your employees of the financial institution in advance of your intention. This is the only way to guarantee that the required amount will be at the checkout. But these rules apply only to Sberbank. Other banks independently establish restrictions on the characteristics of operations.
It relates to limits and withdrawals in foreign currency. Sberbank cardholders can receive $ 500,000 and € 37,000 per month at the cash desk. Other limits are set for receiving money at the ATM. An amount equivalent to 1,200 euros or 1,600 dollars can be withdrawn per day.
Transfer limit
Mobile banking rules provide restrictions on operations. If you do not create a template, then when transferring from one Sberbank card to another, the limit is 8000 rubles. Moreover, only ten such operations can be performed per day. If you do not use the template, you can send more money at a time. The amount depends on the limit set by the bank for this type of card, as well as on restrictions imposed directly by the client.
