It will be possible to go to Russian banks with a driver’s license instead of a passport

Russian citizens in the near future will receivethe ability to carry out certain banking operations using a driver’s license, instead of a passport. Information on innovations that increase the convenience of working with banks has already been confirmed by the Central Bank and some credit organizations.

Using a driver’s license, citizens of the Russian Federation will be able toexchange currency or transfer funds without opening an account. As a result, identification of citizens will become even easier for customers. However, banks have already stated that it is more difficult to verify the authenticity of a driver’s license than passports.

Driver License Proposalfor work with banks is being prepared at the Central Bank and relevant authorities, and banks have already begun work to change internal procedures. The expansion of the rights of Russians when working with banks will increase the efficiency of the banking system. Meanwhile, the extension of the right to use a driver’s license for all operations is impractical, since progress is already towards the introduction of a single ID associated with the biometric profile of Russians, experts say.

One can only hope that all these innovations will really benefit, and will not allow once again the scammers to enrich themselves.

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