Many banks use tricks, using the lack of financial education and reluctance to read them into the text of the contract. About this Agency “Prime” told the lawyer Pavel Utkin.
In particular, he pointed to such a financial instrument as a mortgage. “Here ways can be somewhat – this is an increase in the rate in the case of the overference, imposing various insurance products or the opening of an allegedly free credit card with a bonus.”
Another popular way to deceive customers is an overestimated contribution rate. The essence lies in the fact that the elevated rate will be valid for no more than three months, and after that it will fall much lower than that which the contribution was open before, explained Utkin.
In April, Russians were advised when choosing a financial service in a bank to familiarize themselves with the conditions and tariffs, pay attention to links, applications and special conditions, as well as read reviews and explore the proposals of competitors. In particular, the director of NRA bank ratings Konstantin Borodulin noted that financial organizations can offer increased rates, for example on deposits. But receiving interest above the market is not guaranteed and depends on the dynamics of markets. He added that in case of hidden investment, it will be possible to return his money only in court.
According to the Bank of Russia, Missieling (imposing not the product that the person addressed) is most often happening in banks where customers come to arrange or extend the contribution, but employees persuade them to conclude another treaty. This is usually investment insurance products, bonds, bank bills and other securities, explained in the regulator.