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Reached: Santander limits the maximum to $ 250 thousand by transferring to new recipients Economy



The Banco Santander this afternoon announced to its clients that the maximum amount that can be transferred to the so- "New recipients" It will be $ 250,000.

The measure is based on purpose to increase security against a number of frauds Internet and cyber attacks that have recently affected the banking sector.

Through e-mail, the financial institution has provided its clients with "measures to improve the level of protection of your transfers" according to the text.

The Spanish capital entity also explained this after 1 business day, may be transferred back to the same payee with the maximum allowable amount for all transfers, which reaches $ 5 million,

The aim is to prevent the theft of bank data that is used to empty customer accounts and contribute to an initiative that the Bank of Credit and Investment (BCI) has been using for some time.

With the announcement, Santander joins BCI and anticipates other institutions in this area, as banks have demanded that this type of measure be carried out by the whole industry, and even the possibility of electronic transfers which are no longer immediate.


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