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Ukrainian banks are preparing strict restrictions on transfers: what will change for clients

 Ukrainian banks are preparing strict restrictions on transfers: what will change for clients

The following banks plan to sign the memorandum: Sberbank, OTP Bank, Privatbank, Pravex Bank, PUMB, Raiffeisen and Universal Bank.

Seven large Ukrainian banks plan to sign a memorandum in the near future, providing for increased restrictions on card-to-card transfers.

This is reported by Forbes.

As the publication notes, the National Bank has previously introduced similar restrictions on P2P transfers, but the banks' new initiatives provide for stricter limits. In particular, they will apply to all types of transfers, including via IBAN.

It is planned to set a limit on transfers from cards of individuals without confirmation of the source of funds, if the amount exceeds 100 thousand hryvnia per month. For high-risk clients, this limit will be reduced to 50 thousand hryvnia.

The restrictions will apply to both international transactions and transfers within the country. In addition, it is proposed to set a limit on the number of accounts in one currency: clients who do not have documentary evidence of the origin of funds will be able to have no more than three accounts.

According to Forbes, the following banks plan to sign the memorandum: Oschadbank, OTP Bank, Privatbank, Pravex Bank, PUMB, Raiffeisen and Universal Bank.

We remind you that Ukrainian banks are considering the possibility of signing a joint memorandum on reducing the limit on monthly transactions, after which, in the absence of confirmed income, enhanced financial monitoring will be carried out.

tsn.ua

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