How does the MTS Electronic Wallet work - Deposit/Withdrawal, %

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Why do you need an MTS e-wallet and where can you spend money? Methods for replenishing MTS with Money, rules for calculating cashback and useful information for current and future clients.

MTS is one of the leaders in the cellular communications market. The number of operator subscribers exceeds 253 million people. For the convenience of clients, a financial product has been developed - an electronic wallet.

, which allows you to manage accounts without installing applications from different banks, visiting offices and ATMs to save on commissions.

Let us examine in detail what is the fundamental difference between a wallet and a bank’s mobile application and its benefits to the owner. How to replenish and withdraw funds, make purchases and identify all commissions - we will provide practical advice and conclusions about the feasibility of use.

MTS Money wallet – what is it?

MTS is not only a mobile operator. The company created its own bank several years ago. The financial institution offers clients a wide range of services:

1. You can issue a plastic card.
2. Open an account to store funds.
3. Get a loan.
4. Take advantage of various company products.
5. The organization also handles financial transactions.

After the creation of the bank, the company was able to work with customer accounts. Later she introduced a new service – an electronic wallet. You can store existing funds on it and use them to pay for goods and services.

What is an MTS money wallet? This is an account maintained by a financial institution. In fact, it is a regular electronic wallet and resembles Yandex Money.

Why do you need such an account? When you open it, the client receives a number of additional features:

• Can make purchases online.
• Pay for various services.
• It is possible to issue a virtual or plastic card to link to an account.

Conditions of receipt

You can get detailed advice on the conditions for issuing a credit card from the manager at the bank branch. If the proposals suit the client, he will be able to fill out a questionnaire on the spot and, if the application is approved, he will become the owner of the payment instrument on the same day.

You can also apply for an MTS Money credit card from your personal computer without visiting a branch. To do this, you need to go to the bank’s official website and open the “Cards” tab.

For the convenience of users, card offers from MTS Bank are divided into categories. This allows site visitors to quickly understand the rules of service in order to choose the appropriate tariff.

If the conditions for receiving the card suit the user, he needs to fill out a form on the website. To fill out an online application for an MTS Money card, you will need to enter the following information:

• surname, first name, patronymic;
• mobile number;
• email address.

After reviewing the application, the MTS Bank operator will call back the number specified in the application form to clarify personal data and verify the applicant’s desire to order an MTS Money card. The company will notify you of the decision (approval or refusal) on the applicant’s participation in the lending program via SMS.

The payment instrument can be picked up at the nearest MTS office or communication store. The bank's conditions allow you to receive a card without leaving your home, from the hands of a courier (the service is free). As a rule, delivery in Moscow does not take longer than 2 days, and in other regions – 5 days.

Required documents

MTS Bank has simplified the conditions for issuing payment instruments to new clients. The operator will not require proof of income or registration when applying for a card. To receive a banking product, it is enough to be a citizen of the Russian Federation and have a passport with you. The bank representative will issue a plastic card to the client after verifying his identity using the document provided.

Advantages

So, MTS Money is a familiar electronic wallet with additional features. Nowadays such services are popular, many clients open additional accounts.

Let's explore the benefits:

1. Low commissions on various transactions.
2. You can use your mobile wallet to pay for many services.
3. It is possible to issue a virtual card and expand its capabilities.
4. The company is ready to issue regular bank plastic linked to the account.
5. The organization guarantees the safety of operations. An advanced information security system is used.
6. You can store different amounts in your account.
7. You can replenish it using one of the available methods.
8. Account maintenance is free.
9. You can send money to a card of any Russian bank.
10. You can top up your phone account if necessary.
11. You can enable automatic payments. The system will automatically transfer money for services; you only need to configure it once.
12. A proprietary application is available for clients.
13. In the program you can fully manage your account and view all the information you need.
14. Contactless payment via NFC is supported.
15. The wallet is available to subscribers of any operators. MTS clients receive additional privileges.
16. There are no complicated details. The specialists tried to simplify all stages as much as possible.

These are just the main advantages of the MTS wallet. Therefore, users should think about creating it; it provides ample opportunities.

Balance replenishment, payments, transfers

In fact, all payment transactions are made through the “My Wallet” account. And this account can be replenished in the following ways:

• from the mobile phone balance (provided that the user is an MTS subscriber),
• from bank cards of MTS Bank,
• from linked bank cards of Sberbank or other banks.

There are no fees for replenishing the Wallet balance from the service interface.

There is no direct way to withdraw cash from the My Wallet account. However, money can be transferred with minimal interest to any bank card, and withdrawn from there.

The fee for transferring to a card depends on the transaction amount:

• up to 1000 rubles, the fee is fixed - 60 rubles;
• over 1000 to 15000 rubles - 4%.

Please note that transfers can only be made by a user who has passed a minimum of simplified identification.

Payment from mobile phone account and bank card

Using the “MTS Money Wallet” service, you can make payments from the balance of your mobile phone and linked bank cards, provided that the user is an MTS subscriber and has passed identification.

When paying for a product or service, for example, from an MTS subscriber’s account, the funds are first transferred to the “My Wallet” account and held (that is, “frozen” and become unavailable for payment for other purchases). And a purchase is made from this account.

Limits and commissions

The commission for each operation of withdrawing money to the Wallet is 10 rubles.

The minimum amount of withdrawal funds is 1 rub., the maximum amounts are limited by limits in accordance with the level of identification.

The limit on the number of payment transactions is no more than 5 per day.

The balance on your mobile phone or bank card account (after withdrawing funds to the Wallet) should not be less than 10 rubles.

Microloans

If, when paying for a product or service from the MTS phone balance, it turns out that there are not enough funds in the user’s account, he may be offered a microloan (consumer loan).

In case of agreement (acceptance of the offer), the telephone account will be replenished with the missing amount, and the funds will be directed for their intended use. Loan repayment is provided by monthly replenishment of the MTS subscriber’s personal account. The repayment rules are regulated by an agreement with the credit institution that issued the loan.

Application

The company offers clients the MTS Money application. It is analogous to a personal account and provides similar opportunities. The application allows you to:

1. Pay for various services.
2. View account information.
3. Receive information about recent transactions.
4. Top up your wallet.
5. Make a transfer.
6. Issue a virtual card.
7. The application allows you to use a contactless payment method.
8. For completed transactions, bonuses are awarded that can be immediately exchanged for gifts.

You can download the application from the official store. It is distributed freely by the company and is free for customers.

How to close a card

To close a card account, you need to visit the nearest branch and communication center with your passport and sign the appropriate application. In the case of a credit card, you need to pay off the entire debt in advance. The card will be canceled within 5-7 days.

If it is not possible to go to the bank, you can close the MTS Money card via the Internet.

statements

Fill it out and send it to the Federal State Unitary Enterprise Russian Post at the address: 115035, Moscow, st. Sadovnicheskaya, 75 by registered mail with declared value. After receiving the form, the card will be closed, you will be informed about this via SMS message.

MTS money wallet – login personal account

• How to log into your personal account in your MTS money wallet?
• Visit the page https://payment.mts.ru.
• Click on the “Login” option.
• Enter your phone number and password into the form.
• If the data is correct, the system will allow you to access the account.

You can log into your personal account not only from a computer, but also from a smartphone. To work with the site, it is recommended to use modern devices and install a good browser, for example, Chrome or Safari.

Card activation procedure

To activate the card, you need to call the hotline number: 8 (800) 250-0-520, after the autobot answers, press the “1” button. Then enter the code that will be sent to your phone as an SMS message. The next step is to enter the PIN code you created. After approval from the autoinformer, you can start using the card.

Pin

Experts do not recommend using your year of birth or a combination of repeating numbers as a PIN code. It is also unsafe to use identical passwords for all bank cards.

Additional payment options

When making payments, you can use additional functions. For example, templates will significantly speed up the entire procedure. You create a ready-made form and then only adjust the transaction amount.

Automatic payment allows you to entrust payment for services to the system. First you need to set up the function, select the company, the date in the month, the amount, etc. On the specified date, the system will independently transfer the money, and the client will receive a notification about the transaction.

Reviews from cardholders

Maria, Moscow. In the capital, it seems to me that you can’t do without a credit card. I use two, Alfa Bank and MTS Bank, but in comparison I still like the second one. In the first case, I pay 2 thousand rubles a year, in the second - 0 rubles. Plus, it’s a convenient application, and also a good cashback. Considering Moscow prices, I always collect the maximum possible amount per month.

Andrey, Rostov-on-Don. I have been a regular customer of the bank for three years now and receive various lucrative offers every month. I fell for one thing and got myself a “Weekend” debit card with a 5% cashback. It’s very convenient, because I leave almost 60 thousand a month in restaurants and gas stations. I also have a Zero credit card, but I rarely use it, because 30 rubles a day is a robbery, most often I withdraw money from it if I urgently need it.

Violetta, Sochi. I don’t like all kinds of plastic cards, but since I trust MTS Bank, I decided to get two Weekend cards at once - a debit and a credit, especially since their annual service is free, and the cashback is good. I purposefully use it only at gas stations, cafes and cinemas in order to get 5% back. Otherwise I always use cash. I used the credit card only once, when I celebrated my birthday in a restaurant, then I received 1,575 rubles in cashback from one check.

Identification and limits

Depending on the level of identification, the user receives more opportunities. In total, the system has three levels: without identification, simplified and complete.

At the first stage, a payment of 15,000 rubles is available, the limit of all payments per month in this service is 40,000. You cannot send and receive transfers, or top up bank cards.

At the second stage, the limits are higher - the minimum payment is 60,000 rubles, the maximum amount of transactions for 30 days is 200,000. Payments and transfers, purchases in foreign online stores/online services are available.

And the highest level allows you to send up to 600,000 rubles at a time, and store up to 1,200,000 on the MTS Wallet platform.

MTS subscribers can easily upgrade their wallet level; to do this, just link the bank client’s personal account (enter your login and password to authorize on the website).