How to transfer your pension to a bank card
Posted: Wed Feb 19, 2025 4:38 am
Receiving your pension in cash is a matter of habit, which becomes less convenient every year. In order to avoid standing in line and spending the whole day waiting for the postman at home, you can set up a transfer to a bank card. We will tell you how to do this and what are the advantages of this method.
Why transfer your pension to a card
The advantages of non-cash payments include:
Convenience. Funds are credited automatically, and you don’t have to withdraw them: you can pay cashless in stores, pay utility bills, and make other transfers in the mobile app. If you still need cash, you can withdraw it at any time from an ATM.
Speed. Savings are transferred without delays.
Risk reduction. Money is safer, there is less chance of its loss hungary mobile database and theft. If the payment instrument is lost, it should be blocked and a new one should be issued. In this case, the pension will remain in the account, it can be withdrawn at the bank office.
Bonuses for pensioners. Credit organizations offer benefits: free service, reduced fees, cashbacks in popular categories.
Possibility of additional income in the form of interest on the balance.
When opening an account, a pensioner gets access to a mobile application, where additional services can be quickly connected - for example, opening a deposit with favorable conditions for pensioners.
How to transfer pension to card
To stop sending your pension in cash and start transferring it to a card, you need to send an application to the Social Fund of Russia (SFR) - since 2023 it replaced the Pension Fund and the Social Insurance Fund. This can be done by the pensioner himself, his guardian or trusted person - a person who has a power of attorney to receive the pension.
Why transfer your pension to a card
The advantages of non-cash payments include:
Convenience. Funds are credited automatically, and you don’t have to withdraw them: you can pay cashless in stores, pay utility bills, and make other transfers in the mobile app. If you still need cash, you can withdraw it at any time from an ATM.
Speed. Savings are transferred without delays.
Risk reduction. Money is safer, there is less chance of its loss hungary mobile database and theft. If the payment instrument is lost, it should be blocked and a new one should be issued. In this case, the pension will remain in the account, it can be withdrawn at the bank office.
Bonuses for pensioners. Credit organizations offer benefits: free service, reduced fees, cashbacks in popular categories.
Possibility of additional income in the form of interest on the balance.
When opening an account, a pensioner gets access to a mobile application, where additional services can be quickly connected - for example, opening a deposit with favorable conditions for pensioners.
How to transfer pension to card
To stop sending your pension in cash and start transferring it to a card, you need to send an application to the Social Fund of Russia (SFR) - since 2023 it replaced the Pension Fund and the Social Insurance Fund. This can be done by the pensioner himself, his guardian or trusted person - a person who has a power of attorney to receive the pension.