Sberbank has denied reports about the transfer of a debit card overdraft

© RIA Novosti / Evgeny to Betemporary in fotobanka at the ATM of Sberbank in Moscow. Archival photoSberbank has denied reports about the transfer of a debit card overdraft© RIA Novosti / Evgeny to Betemporary the image Bank

The press service of Sberbank has denied recent social media reports about the changing conditions of the debit card service without notice to the client.

«We get a lot of questions about the fact that we changed the terms of service debit cards and all the cards are overdraft. This is not true — you can’t spend on debit card more money than you have», — said the press service.

The Bank explained that in a mobile application some debit cards always display as the overdraft is a technical necessity for the correct work with payments and transfers. Probably, some users drew attention to it just now, and that was the cause of the panic.

Sberbank reminded that the overdraft on the card may allow only its owner. The exception is technical debt, which Bank does not charge interest.

Overdraft is a lending by the Bank customer’s account at insufficiency or lack of funds.

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