Customers who exceed these limits must provide documents confirming their income.
Starting February 1, Ukrainian banks will introduce restrictions on money transfers between individuals, setting a monthly limit of 150 thousand hryvnia for payments using IBAN details.
The corresponding memorandum was signed by the largest banks in Ukraine.
This innovation will be apply only to clients who do not have documented income. Banks will classify such clients into three risk groups: “high”, “medium” and “low”. Separate restrictions are provided for each of them.
For clients with a “high” risk level, the limit will be 50 thousand hryvnia per month.
For the “medium” and “low” risk groups, the restrictions will apply in two stages:
- from February 1, 2025 – up to 150 thousand hryvnia
- from June 1, 2025 – up to 100 thousand hryvnia
Earlier it was reported that the Verkhovna Rada is preparing to rewrite the rules for credit histories of Ukrainians. Read more about this in the news.