- Jul 7, 2014
Payment systems, general topic
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Relevance - January 2020
Where can I withdraw money using other people's cards?
The banks are the same as for dollars, with the exception of Citibank (it does not have ATMs with euros). Below are the known limits.
Issuance of € 300 max
Issuance of € 400 max
Many people often do not know about this possible method. Very often, even the operators themselves do not know that they already have such a tariff. Call the senior and tell him-let the operator learn the tariffs of his bank in terms of RKO (settlement and cash services for individuals). Minus — sometimes there is no currency. The second disadvantage is that the operator at the cash desk often squats on your ears and gives you rubles instead of currency (you sort of exchange currency for rubles at the bank's exchange rate).
Nuances of currency withdrawal in the PVN:
1. An identity document is required.
2. You can call the bank in advance and find out if there is a currency, so as not to wander around in vain. (it does not work in all PVNS)
3. For a successful withdrawal, you must first find out from the bank of your card whether advanced cash is allowed on it. Some banks prohibit it. As an example, Paxum or Revolut payment cards will not allow you to withdraw cash from the card in this way.
Acquiring bank - the bank that serves the terminal. Issuing bank - the bank that issued the card.
When conducting a transaction using a bank card number, the acquiring bank assigns the MCC code to the transaction (Merchant Category Code)- a conditional four-digit number assigned to the owners of VISA, MasterCard and American Express checkpoints, respectively, these payment systems have a common list of MCC codes.
This code is used by the card issuing bank to determine the type of transaction. The MCC code is taken into account, for example, when calculating commissions, determining the grace period on a credit card, determining cashback, calculating bonuses, and so on.
There are a large number of mcc codes, the list is available at the link MCC Code Reference .
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