VTB or Sberbank: which bank is better?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

In the article we will consider which bank to choose - VTB or Sberbank.

Which one do people go to most often? Comparing these banks is quite a difficult task, as each of them is a large and time-tested financial institution. However, each has some drawbacks and features that should always be considered when contacting.

So, what do you prefer - VTB or Sberbank?

Which bank is best for making a deposit?

VTB 24 has some advantages in the form of high interest rates, however, a deposit can only be issued if there is a large sum of money. Sberbank attracts customers with the opportunity to open deposits with a minimum initial capital - from several thousand rubles.

VTB Reliability

VTB 24 Bank insures customer deposits and guarantees a high level of reliability. There are several programs to choose from, which differ in terms, rules for calculating interest, additional features and other indicators. Clients can choose to choose a currency and involve third parties in the agreement.

Another disadvantageopening a deposit with the help of VTB 24 is a significant loss of funds in cases of early closure.

What to choose - Sberbank or VTB 24, it is rather difficult to decide.

Deposit insurance at Sberbank

Sberbank is also considered a very reliable organization for investments. It is compulsory to insure money here. Beneficiaries are provided with special conditions. Sberbank offers a large selection of deposit currencies. If the client wants to open it for a relatively short period, he will have to agree to a significant reduction in the interest rate.

In terms of reliability, it is impossible to compare these banks. Both Sberbank and VTB equally guarantee security. Interest rates at the second are better regardless of the terms of the agreement.

For a mortgage loan

Sberbank is characterized by a low down payment for mortgage lending - the client must pay only 10% of the amount. The term of such an agreement is up to 30 years. The smallest of all possible rates for the purchase of housing in new buildings is 10.9%, in the case of the purchase of secondary housing, this value is 10.76%. Here, clients can conclude transactions using maternity capital with an increase in the minimum interest rates up to 12.5%. The cash limit is 15 million. Citizens who have not previously entered into agreements with this banking organization are given money on a less favorable condition. Customers are also forced to wait a long time for a response toapplication for a mortgage loan due to the large number of requests and detailed study of all documents.

What is the difference between Sberbank and VTB 24?

Minimum contribution to VTB

VTB 24 Bank established that the minimum down payment should be 20% of the cost of a residential property. The interest rate here is from 12%. In this bank, you can draw up an agreement with only two documents. The larger the area of real estate purchased by the client, the more loyal the lending conditions will be. The limit on the amount of money is 60 million rubles. VTB is distinguished by the use of severe pen alties against clients who do not pay money on time - it is better to avoid delays. Acquired living space is checked by bank employees for a long time.

Sberbank suits clients who are not ready to pay high initial fees and choose terms with the most affordable interest rates. In VTB 24, it is possible to complete a transaction with minimal documentation and take a mortgage loan for a large amount. Definitely advise - Sberbank or VTB 24 is impossible. Indeed, mortgage conditions are constantly being improved in each organization.

How to transfer funds from Sberbank to VTB, we will tell below.

Payroll projects

The salary project offered by Sberbank is notable for the high speed of money transfer. A bank card is issued free of charge, the service fee is 0-3500 rubles. in year. Participants of thisprograms offer additional options for managing your own funds.

VTB 24 Bank has developed a salary project that provides for preferential terms for insurance and maintenance of money transferred to bank cards. You can order some additional cards by combining them with the payroll. The maximum service charge per year is 2400 rubles. VTB-24 Bank issues five types of salary cards.

The answer to the question of which program is better and more reliable - in Sberbank or in VTB 24, depends on the needs of managers, the number of employees of a particular organization and the availability of branches. In terms of special offers, VTB 24 is the most varied, while Sberbank is characterized by a higher speed of transactions. This allows you to integrate bank cards with programs used by accountants.

Withdrawal from both Sberbank and VTB will be free of charge.

For employees

Employees of organizations that use the services of Sberbank on a free basis can be provided with a full range of Internet banking, account replenishment and cash withdrawal (with a daily limit). If you have a salary card, it is easier to process mortgage loans and any other loan. For employees who prefer VTB 24, lower rates are available under contracts with the organization, cash transactions are free. It is also possible to connect an overdraft with a certain limit. The higher the salary, the more favorable the conditions and the higheravailability of services.

Sberbank is more suitable for people who do not need numerous additional features, but the Thank You bonus program is needed. Persons whose salary is more than 100 thousand rubles. it is more profitable to enter into an agreement with VTB 24. An additional advantage is an overdraft.

For legal entities

How much does servicing legal entities cost at VTB and Sberbank?

Sberbank provides legal entities with an account in a few minutes. You can choose from various packages of services for business needs with discounts. A full collection cycle, currency control and financial monitoring are also provided. A combined system of remote forms of service has been developed for them, with the help of which they can carry out a large amount of financial transactions.

VTB 24 Bank allows you to register a business for free. It offers several types of billing for settlement services. Informing customers and using the organization's Internet services is free of charge. You can open an account with a minimum package of documents in just 4 hours. VTB 24 Bank offers a package cash settlement service, which allows you to save on services. Legal entities are provided with the same guarantees.

Sberbank has implemented simplified money transactions and many individual offers. VTB 24 has several more opportunities due to several tariffs, it provides discounted services for legal entities located outsideMoscow.

Which bank to choose - Sberbank or VTB?

Strengths of VTB 24

Based on long experience, this institution has developed convenient offers for businesses and investors, programs for individuals and small businesses. Branches of this bank are available in almost all Russian cities. VTB 24 is focused on the corporate sector, constantly increasing its position in the market through agreements with large foreign holdings. This bank participates in deposit insurance. VTB 24 is one of the most advanced organizations in terms of telecommunications technology, which helps customers use its services around the clock. The bank quickly reacts to market changes, revises some clauses of agreements in order to ensure maximum benefit for each of the parties.

The most popular VTB 24 service is cash lending. The bank limited the rates under agreements to 20%. The minimum amount of annual overpayments is 12.5% of the initial amount of money. It is better to contact this organization if it is necessary to make large transactions - a loan can be issued in the amount of 100 thousand rubles. The client is provided with up to 3 million rubles. (when transferring property on bail, the conditions are better than those of Sberbank). The limit for customers holding salary cards, VTB 24 is 5 million rubles. The minimum term of the agreement is six months. A cash loan is issued for no more than five years (7 years for payroll clients). The borrower can repay the obligations to the organization ahead of schedulewithout paying any commission or pen alty. A prerequisite is the presence of citizenship of the Russian Federation and registration in the city where there is a branch of VTB 24. Money is issued only to customers whose monthly income is at least 15 thousand rubles.

Internet banking

For the purpose of optimal management, VTB 24 provides its customers with an Internet banking system. This service provides access to the history of operations, balance data, and provides the ability to receive a statement for a certain period. Transfers to third-party cards, to other accounts are quite conveniently implemented. You can also make payments on loans provided by VTB 24 or another organization, pay utility bills, fines, government fees, or transfer funds to your phone balance.

How is Sberbank superior to VTB Bank?

Sberbank strengths

This financial institution is the largest bank in Russia with more than 40,000 ATMs and 30,000 branches. Borrowers like Sberbank for the convenience of money transfers and short transaction times. The bank has a large loan portfolio - more than 39% of those issued in the country. The partner network includes more than 100 companies, including online stores. Sberbank has developed a Thank You bonus program that is beneficial for customers. At the same time, the client can save on daily expenses and entertainment. With the help of the Sberbank Online program, the client has access to information about the balance of the bank account at any time, the opportunity to pay for a wide variety of services, transfermoney to third-party cards, apply, adjust the credit limit, perform many other operations.

Sberbank offers favorable conditions for consumer loans issued regardless of purpose. The minimum amount is 30,000 rubles (for a period of 3 months) up to 3 million rubles. (up to 5 years). The rate on general terms is from 13.8%. The maximum overpayment per year is 20%. For pensioners, when using a personal account, there are improved conditions - interest rates are reduced. A response to a request for a loan is received quickly - no later than 2 days. You can pay off the debt ahead of schedule without commissions. For payroll card holders, Sberbank draws up an agreement on one document (passport).

Transfer funds between VTB 24 and Sberbank

Withdrawing money from a VTB ATM from a Sberbank card is a very real procedure. Funds are withdrawn without commission.

Frequent question - how to transfer money from a Sberbank card through VTB?

This can be done in ways of varying degrees of difficulty. Depending on this, the commission for the operations performed may vary, and the crediting of funds in time may differ depending on the method of transfer.

Carrying out such an operation requires a certain set of customer data. For example, in order to transfer money from a Sberbank account to VTB 24 (or vice versa), the details of the recipient are required. This can be done at the cash desk of any financial institution.

Conclusions

Which bank is better - Sberbank or VTB? For loans and deposits in these organizations, the conditions are approximately the same. That is, the choice depends on the personal preferences and goals of customers, as well as the bonus programs that suit them.