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They are ahead: Santander limits the maximum amount of 250 thousand US dollars by switching to new recipients | economy



Banco santander announced on this day to its customers that the maximum amount allowed for transfers to the so-called "New Recipients" It will be 250,000 dollars.

This measure arises with the purpose of enhance security against a series of fraud The internet and cyber attacks that last impacted the banking industry.

According to the e-mail, the financial institution informed its clients about the measures “in order to increase the level of protection of your transfers,” according to the text.

In addition, a Spanish legal entity explained that after 1 working day, it can be transferred back to the same recipient with the maximum amount allowed for all programs, that reaches 5 million dollars,

This measure is aimed at preventing possible theft of bank data, which is used to empty customers' accounts and adds to the initiative used for some time by the Bank of Credit and Investment (BCI).

With the announcement, Santander joins the BCI, waiting for the rest of the institutions in this area, as banks have requested that this type of measure be implemented by the entire industry, and even the possibility of instant electronic exchange is being considered.


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