The limit will apply to both card-to-card transfers and transfers using IBAN details.
From February 1, 2025, in Ukrainenew limits on money transfers will come into effect. Such restrictions have already been agreed to by 44 banks and two payment systems.
In particular, the head of the board of the state-owned Oschadbank, Sergei Naumov, noted that the corresponding limits are defined by the Memorandum on Ensuring the Transparency of the Functioning of the Payment Services Market, which was concluded by the country's leading financial institutions in December last year.
According to him, the key goal of this document is to combat fraud, carried out on the basis of financial infrastructure, and to bring the Ukrainian payment market closer to the standards of the European Union (EU).
According to the new rules, banks and other financial institutions-signatories will begin to use standardized approaches to financial monitoring.
Thus, if bank clients do not have documented income, signatories will be required to set limits on transactions (P2P and IBAN). The maximum amount that will be allowed to be sent during a calendar month to other accounts will depend on the risk category:
- high risk – UAH 50,000/month (from 02/01/25)
- medium and low risk – UAH 150,000/month (from 02/01/25) and up to UAH 100,000/month in total (from 06/01/25).
We remind you that from October 1, 2024, the National Bank set a limit for card transfers between individuals at UAH 150,000 per month for outgoing payments on all accounts opened with one bank for six months.
If the amount of transactions exceeds the specified limit, the bank has the right to suspend the original payments and even block the client's accounts if he cannot confirm the source of the funds.
In December In 2024, four banks, with the participation of the NBU, the Independent Association of Banks of Ukraine (NABU) and the Association of Ukrainian Banks (AUB), signed a memorandum, according to which they committed to strengthening the monitoring of their clients' payment transactions, exchanging data on suspicious transactions with each other and making transfers taking into account a risk-oriented approach.
